Rock Hill Symphony Orchestra

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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

2017

Legal Domicile

Principal Officer

Betty Plumb

Phone

8033297476

Tax Period

2023-07-01 to 2024-06-30

Rock Hill Symphony Orchestra, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $368K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 36% operating margin.

Mission

To inspire, engage, and enrich the lives of community members with the transformative power of symphonic music through excellence in live performance, educational programs, and community activities.

Program Service Accomplishments

Program 1

Expenses: $186,771 Revenue: $39,905

Performing professional symphony orchestra concerts for the general public. RHSO completed its second season in June of 2020. Each season RHSO provides Rock Hill and the surrounding communities with cultural enrichment by providing three Masterworks concerts. These concerts showcase worldrenowned soloists and many other talented musicians both locally and nationally. RHSO put on its first Holiday Concert in 2019 featuring a collaboration with the Rock Hill Ecumenical Choir and the York County Choral Society

Program 2

Expenses: $29,483

Offering outreach concerts and programs at area elementary schools. In addition to live concerts, RHSO has a Symphony in Schools program servicing K-12. The program is curriculum-based education...

Offering outreach concerts and programs at area elementary schools. In addition to live concerts, RHSO has a Symphony in Schools program servicing K-12. The program is curriculum-based education concerts that serve to introduce K-5 students in 20 schools to the various string instruments and how they are played, along with historical background on the music and composers, and extended curriculum connections. RHSO Musicians and local middle school orchestra teachers collaborate on ways to assist 6th grade beginning string students to achieve success in their initial year of learning to play their instrument. Workshops, sectional rehearsals and master classesat the local high schools can address such needs as experience in creative improvisation (a curriculum standard that is often neglected), advanced bowing and fingering techniques on all instruments, fine points of good ensemble playing, intonation and blend, as well as rhythmic accuracy within the ensemble. Additionally, individual attention and mentoring can be provided for those students who need it by having a team of RHSO musicians and orchestra teachers working together.

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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 $326,255

Program Service Revenue $39,905

Investment Income $2,258

Other Revenue $0

TOTAL REVENUE $368,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,110

Fundraising Expenses $0

Program Expenses $216,254

Other Expenses $191,818

TOTAL EXPENSES $235,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,418	$250,070	+0.5%
Expenses	$235,928	$201,714	+0.2%
Net Income	$132,490	$48,356	+1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Lynn Hayes	President	6.00	Officer Director	$0	$0	$0
William Terwilliger	Immediate Past President	1.00	Officer Director	$0	$0	$0
Jeffery Sligh	Vice President/Community L	2.00	Officer Director	$0	$0	$0
Thomas Hildreth	Member	5.00	Director	$0	$0	$0
Nicki Nash	Secretary	1.00	Officer Director	$0	$0	$0
William Easley	Director of Development	8.00	Director	$0	$0	$0
Elda Franklin	Director of Education	10.00	Director	$0	$0	$0
Gale DiGiorgio	Member	1.00	Director	$0	$0	$0
Bo Redmond	Treasurer	1.00	Officer Director	$0	$0	$0
Michael Smith	Governance Committee Chair	0.50	Director	$0	$0	$0
Betty Plumb	Treasurer/Director of Development	10.00	Director	$0	$0	$0
Trina Ricks	Member	1.00	Director	$0	$0	$0
Mark Lewis	Member	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	$368,418	$235,928	$231,158	$132,490
2023	$250,070	$201,714	$98,668	$48,356
2022	$194,183	$265,143	$50,312	$-70,960
2021	$127,760	$63,040	$121,272	$64,720