MIDLAND-ODESSA SYMPHONY & CHORALE INC DBA WEST TEXAS SYMPHONY (EIN 751301544) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

ETHAN WILLS

Phone

4325630921

Tax Period

2023-07-01 to 2024-06-30

MIDLAND-ODESSA SYMPHONY & CHORALE INC DBA WEST TEXAS SYMPHONY, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 27% operating deficit.

Mission

EACH SEASON THE MOSC PERFORMS FOUR MASTERWORKS CONCERTS AND FOUR POPS CONCERTS FOR WHICH A MUSIC DIRECTOR, CORE MUSICIANS, WORLD-CLASS GUEST ARTISTS AND PER-SERVICE MUSICIANS ARE CONTRACTED. THE INSTRUMENTAL CHAMBER ENSEMBLES OF THE MOSC PERFORM EDUCATIONAL AND ENTERTAINING ON-CAMPUS IN-SCHOOL CONCERTS FOR ELEMENTARY STUDENTS IN MISD AND ECISD AND SIX CHAMBER CONCERTS EACH SEASON. THE CORE MUSICIANS OF THE MOSC ALSO PROVIDE PRIVATE INSTRUCTION TO MUSIC STUDENTS IN MIDLAND, ODESSA AND SURROUNDING AREAS AS WELL AS PERFORMING ON A FREELANCE BASIS FOR PRIVATE AND COMMUNITY EVENTS. THE MOSC ALSO CONTRACTS THE SERVICES OF THE CHORALE DIRECTOR AND PER-SERVICE ACCOMPANIST FOR THE ADULT CHORALE; SIMILARLY A YOUTH CHOIR DIRECTOR IS CONTRACTED FOR THE YOUTH CHOIR WITH A PER-SERVICE ACCOMPANIST. THESE TWO CHORAL ENSEMBLES PERFORM THREE CHAMBER CONCERTS AS WELL AS COLLABORATIONS WITH THE SYMPHONY AND COMMUNITY EVENTS.ANNUALLY, THE MIDLAND FESTIVAL BALLET CONTRACTS THE MOSC FOR THE LIVE MUSICAL ACCO

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $699,411

Program Service Revenue $313,064

Investment Income $73,525

Other Revenue $0

TOTAL REVENUE $1,086,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $931,106

Fundraising Expenses $75,085

Program Expenses $1,061,613

Other Expenses $445,236

TOTAL EXPENSES $1,376,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,086,000	$915,683	+0.2%
Expenses	$1,376,342	$1,385,467	0.0%
Net Income	$-290,342	$-469,784	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

134

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$88,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN WILLS	Executive Dir.	40.00	Officer	$88,722	$0	$88,722
DEE ANNA ARELLANO	EXECUTIVE VP	1.00	Officer Director	$0	$0	$0
GABRIEL ALEMENDAREZ	Director	1.00	Director	$0	$0	$0
JESSICA BEXLEY	President	1.00	Officer Director	$0	$0	$0
SOPHIE EDWARDS	Secretary	1.00	Officer Director	$0	$0	$0
MARY DAWSON	VP sponsorship	1.00	Officer Director	$0	$0	$0
ALICE BECKSTROM	Director	1.00	Director	$0	$0	$0
BEAU GARZA	Director	1.00	Director	$0	$0	$0
MARIDELL FRYAR	Director	1.00	Director	$0	$0	$0
DR AARON HAWLEY	Director	1.00	Director	$0	$0	$0
MELANIE LIVELY	Director	1.00	Director	$0	$0	$0
THOMAS ELROD	IMMED PAST PRES	1.00	Officer Director	$0	$0	$0
GREGORY SMITH	Director	1.00	Director	$0	$0	$0
MEGAN PAUSE	Director	1.00	Director	$0	$0	$0
STEPHANIE RIVAS	Director	1.00	Director	$0	$0	$0
DIANN MCKEE	Director	1.00	Director	$0	$0	$0
REBECCA BELL	VP FINANCE	1.00	Officer Director	$0	$0	$0
MARY BLAIN	Director	1.00	Director	$0	$0	$0
LINDI BRIDGES	Director	1.00	Director	$0	$0	$0
FLOYD ROUNTREE	Director	1.00	Director	$0	$0	$0
GREGG BLAIN	Director	1.00	Director	$0	$0	$0
COURTNEY COX	Director	1.00	Director	$0	$0	$0
ALLISON GRAY	Director	1.00	Director	$0	$0	$0
ANGIE HURT KING	Director	1.00	Director	$0	$0	$0
JACY LEWIS	VP FUNDRAISING	1.00	Officer Director	$0	$0	$0
NANCY STOUT	Director	1.00	Director	$0	$0	$0
BILLYE LOUDER	Director	1.00	Director	$0	$0	$0
KENISHA NATIVIDAD	Director	1.00	Director	$0	$0	$0
DEB SHAW	Director	1.00	Director	$0	$0	$0
AMY AZAROV	Director	1.00	Director	$0	$0	$0
PAUL STROUHAL	Director	1.00	Director	$0	$0	$0
LESLIE UCHYTIL	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,086,000	$1,376,342	$3,762,130	$-290,342
2023	$915,683	$1,385,467	$3,690,748	$-469,784
2022	$1,069,379	$1,293,870	$3,858,928	$-224,491
2021	$1,189,263	$1,108,658	$4,668,029	$80,605
2020	$1,077,419	$1,265,776	$3,758,109	$-188,357
2019	$1,126,089	$1,268,264	$3,875,005	$-142,175
2018	$1,338,017	$1,242,410	$3,903,864	$95,607

MIDLAND-ODESSA SYMPHONY & CHORALE INC DBA WEST TEXAS SYMPHONY