Wichita Falls Symphony Orchestra

EIN: 756003129 501(c)(3) Arts, Culture & Humanities

Wichita Falls, TX

Total Revenue
$876,446
Total Expenses
$879,229
Total Assets
$1,443,684
Net Assets
$1,443,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
TX
Principal Officer
Alicia Deges
Phone
9407236202
Tax Period
2024-06-01 to 2025-05-31

Wichita Falls Symphony Orchestra, founded in 1952, is a small nonprofit in the Arts, Culture & Humanities sector that reported $876K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

The Wichita Falls Symphony Orchestra, Inc. promotes symphonic music in order to enrich, educate, and entertain diverse audiences in the Texoma community. This mission is met through programming and activities that include subscription concerts, free community concerts, and educational programs that reach children from ages 18 months to 18 years old.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $764,956
Program Service Revenue $80,798
Investment Income $4,174
Other Revenue $26,518
TOTAL REVENUE $876,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,197
Fundraising Expenses $46,477
Program Expenses $739,442
Other Expenses $711,032
TOTAL EXPENSES $879,229

Year-over-Year Comparison

2024 2023 Change
Revenue $876,446 $969,700 -0.1%
Expenses $879,229 $820,819 +0.1%
Net Income $-2,783 $148,881 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
162
Volunteers
25

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
4
$0
Total Directors
9
$0
Key Employees
1
$69,374
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Clara Latham Director 1.00
Director
$0 $0 $0
Jessica Boyer Director 1.00
Director
$0 $0 $0
Amanda Case Director 1.00
Director
$0 $0 $0
Dr Sarah Cobb Director 1.00
Director
$0 $0 $0
Tim Lockhart Director 1.00
Director
$0 $0 $0
Jeanette Showalter Director 1.00
Director
$0 $0 $0
Curtis Knobloch Director 1.00
Director
$0 $0 $0
Dr Jennifer Amox Director 1.00
Director
$0 $0 $0
Laura Ramsey Director 1.00
Director
$0 $0 $0
Elizabeth Yeager President 2.00
Officer
$0 $0 $0
John Buckley Treasurer 1.00
Officer
$0 $0 $0
Linda Waters Secretary 1.00
Officer
$0 $0 $0
Leigh Ray Vice - President 1.00
Officer
$0 $0 $0
Alicia Deges Executive Director 40.00
Key Emp
$69,374 $0 $69,374
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 $876,446 $879,229 $1,443,684 $-2,783
2024 $969,700 $820,819 $1,451,617 $148,881
2023 $780,860 $946,717 $1,304,086 $-165,857
2022 $829,639 $776,258 $1,463,440 $53,381
2021 $486,172 $455,503 $1,466,762 $30,669
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