NEW WEST SYMPHONY ASSOCIATION

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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

1995

Legal Domicile

Principal Officer

NATALIA STANEVA

Phone

8054975800

Tax Period

2024-01-01 to 2024-12-31

NEW WEST SYMPHONY ASSOCIATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE NEW WEST SYMPHONY INSPIRES PASSION FOR SYMPHONIC MUSIC THROUGH LIVE PERFORMANCES AND EDUCATION INITIATIVES THAT ENGAGE AND ENRICH ITS DIVERSE AUDIENCES.

Program Service Accomplishments

Program 1

Expenses: $1,011,310 Revenue: $726,922

FOUNDED IN 1995, THE NEW WEST SYMPHONY IS A TOP PROFESSIONAL ORCHESTRA IN THE REGION THAT DRAWS ITS PLAYERS FROM THE RICH TALENT POOL OF PROFESSIONAL MUSICIANS. WITH ARTISTIC DIRECTION LED BY GRAMMY WINNER MAESTRO MICHAEL CHRISTIE, THE SYMPHONY IS THE RESIDENT COMPANY OF THE BANK OF AMERICA PERFORMING ARTS CENTER IN THOUSAND OAKS AND PERFORMS AT THE RANCHO CAMPANA PERFORMING ARTS CENTER IN CAMARILLO. RETURNING TO LIVE PERFORMANCES IN 2021, THE SYMPHONY PRESENTS SIX MASTERPIECE SERIES CONCERTS ANNUALLY, PERFORMING MAJOR WORKS FROM THE SYMPHONIC REPERTOIRE WITH INTERNATIONALLY ACCLAIMED ARTISTS AS GUEST SOLOISTS, AS WELL AS PRODUCES ANNUAL SUMMERFEST AND WINTERFEST PROGRAMS RAISING ADDITIONAL FUNDS FOR THE SYMPHONY'S OPERATIONS.

Program 2

Expenses: $186,395 Revenue: $145,235

LABY HARMONY PROJECT OF NEW WEST SYMPHONY USES MUSIC TRAINING TO PROMOTE THE HEALTHY GROWTH AND DEVELOPMENT OF UNDERSERVED YOUTH. THE PROGRAM PROVIDES HIGH QUALITY TUITION-FREE MUSIC INSTRUCTION TO CHILDREN IN GRADES K-12, CURRENTLY SERVING OVER 160 STUDENTS IN THE CITY OF VENTURA YEAR- ROUND. BY COLLABORATING WITH STUDENTS, FAMILIES, AND LOCAL PARTNERS, AND TOGETHER WITH OUR GENEROUS SUPPORTERS, THE PROJECT BUILDS A STRONGER, HEALTHIER, AND MORE MUSICALLY ENGAGED COMMUNITY.

Program 3

Expenses: $6,821

SYMPHONIC ADVENTURES, THE SYMPHONY'S FLAGSHIP EDUCATION PROGRAM, IS A LIVE, INTERACTIVE CONCERT FOR ELEMENTARY SCHOOL STUDENTS, THEIR CHAPERONES AND PARENTS. THIS PROGRAM PROVIDES OVER 5,000 STUDENTS WITH THEIR FIRST OPPORTUNITY TO HEAR CLASSICAL MUSIC. EACH 50-MINUTE INTERACTIVE CONCERT SUPPORTS THE SYMPHONY'S GOAL TO BRING ORCHESTRAL MUSIC TO CHILDREN. BY INTRODUCING STUDENTS TO THE ORCHESTRA, ITS CONDUCTOR, AND THE ELEMENTS OF MUSIC, THE SYMPHONY AIMS TO INSPIRE A LIFE-LONG APPRECIATION OF MUSIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,313,513

Program Service Revenue $533,386

Investment Income $28,627

Other Revenue $40,627

TOTAL REVENUE $1,916,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,191,056

Fundraising Expenses $165,634

Program Expenses $1,275,900

Other Expenses $1,142,453

TOTAL EXPENSES $2,333,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,916,153	$1,009,801	+0.9%
Expenses	$2,333,509	$896,209	+1.6%
Net Income	$-417,356	$113,592	-4.7%

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

149

Volunteers

100

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

Total Directors

$139,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIA STANEVA	CEO	40.00	Director	$139,998	$0	$139,998
PAUL FINKEL MD	CHAIR	5.00	Officer Director	$0	$0	$0
JOHN SHWOPE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ANTHONY VASQUEZ	TREASURER	5.00	Officer Director	$0	$0	$0
GARY WARTIK	SECRETARY	5.00	Officer Director	$0	$0	$0
ERIN POHL	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL SPOTO MD	DIRECTOR	2.00	Director	$0	$0	$0
MARIJANE UNTER	DIRECTOR	2.00	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
2024	$1,916,153	$2,333,509	$677,180	$-417,356
2023	$2,583,184	$2,918,320	$763,507	$-335,136
2023	$1,009,801	$896,209	$983,092	$113,592
2023	$2,583,184	$2,918,320	$763,507	$-335,136
2022	$1,987,046	$1,852,241	$934,366	$134,805
2021	$1,642,962	$1,361,703	$774,216	$281,259
2020	$1,392,274	$1,959,688	$957,509	$-567,414
2019	$2,890,567	$2,845,806	$1,027,358	$44,761
2018	$2,572,495	$2,310,451	$898,491	$262,044