Tucson Symphony Society (EIN 860107538) - 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

1959

Legal Domicile

Principal Officer

Tom Elliott

Tax Period

2023-07-01 to 2024-06-30

Tucson Symphony Society, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 7% surplus.

Mission

The mission of the Tucson Symphony is to build and enrich community through the experience of live music of the highest quality.

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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 $3,643,305

Program Service Revenue $2,406,782

Investment Income $238,094

Other Revenue $111,692

TOTAL REVENUE $6,399,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,657,118

Fundraising Expenses $478,213

Program Expenses $4,759,529

Other Expenses $2,302,432

TOTAL EXPENSES $5,959,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,399,873	$5,261,967	+0.2%
Expenses	$5,959,550	$5,711,827	+0.0%
Net Income	$440,323	$-449,860	-2.0%

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

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

236

Volunteers

220

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

$271,772

Total Directors

$64,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Meecham	President & CEO	40.00	Officer	$165,700	$5,997	$171,697
Eric Lind	VP of Philanthropy	40.00	Highest	$107,152	$5,495	$112,647
Paula Egan	VP of Finance	40.00	Officer	$99,083	$992	$100,075
Joseph Joseph Rousos-Hammond	Ex-Officio	10.00	Director	$20,453	$1,852	$22,305
Robert Chamberlain	Ex-Officio	10.00	Director	$17,568	$3,864	$21,432
Jose Leonardi Moore	Ex-Officio	10.00	Director	$15,125	$0	$15,125
Marcela Molina	Community Trustee	4.00	Director	$6,071	$0	$6,071
Minna Shah	Trustee	2.00	Director	$0	$0	$0
Jeannette Segel	Trustee	2.00	Director	$0	$0	$0
Patricia Schwabe	Trustee	2.00	Director	$0	$0	$0
Rebecca Sundt	Ex-Officio	2.00	Director	$0	$0	$0
Rafael Barcelo	Community Trustee	1.00	Director	$0	$0	$0
Ame Austin	Ex-Officio	2.00	Director	$0	$0	$0
Andrea Crane	Trustee	3.00	Director	$0	$0	$0
Mike Bylsma	Trustee	3.00	Director	$0	$0	$0
Carol Des Cognets	Trustee	3.00	Director	$0	$0	$0
Karen Bahnick	Trustee	2.00	Director	$0	$0	$0
Jim Lindheim	Trustee	3.00	Director	$0	$0	$0
Michael Anderson	Trustee	2.00	Director	$0	$0	$0
Gwen Powell	Trustee	2.00	Director	$0	$0	$0
James Schwab	Trustee	3.00	Director	$0	$0	$0
John Hildebrand	Trustee	2.00	Director	$0	$0	$0
Rosie Garcia	Trustee	2.00	Director	$0	$0	$0
Cyndi Miller	Secretary	2.00	Officer Director	$0	$0	$0
Tom Elliott	Board Chair	3.00	Officer Director	$0	$0	$0
David Gilbert	Secretary	2.00	Officer Director	$0	$0	$0
Jan Konstanty	Treasurer	3.00	Officer 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	$6,399,873	$5,959,550	$20,011,768	$440,323
2023	$5,261,967	$5,711,827	$16,043,540	$-449,860
2022	$6,501,284	$4,450,654	$15,428,177	$2,050,630
2021	$4,960,515	$2,606,011	$15,810,045	$2,354,504
2020	$4,692,293	$5,056,630	$6,212,979	$-364,337
2020	$11,071,518	$5,090,805	$11,916,898	$5,980,713
2019	$4,657,443	$5,189,168	$5,728,673	$-531,725
2018	$4,781,644	$5,201,460	$6,321,416	$-419,816

Tucson Symphony Society