PHOENIX SYMPHONY ASSOCIATION (EIN 866000134) - 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

1947

Legal Domicile

Principal Officer

PETER KJOME

Phone

6024951117

Tax Period

2024-07-01 to 2025-06-30

PHOENIX SYMPHONY ASSOCIATION, founded in 1947, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $14.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EXTRAORDINARY MUSICAL EXPERIENCES THAT INSPIRE AND ADVANCE OUR COMMUNITY, ENRICHING THE LIVES OF PEOPLE OF ALL AGES AND BACKGROUNDS

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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 $7,324,219

Program Service Revenue $5,085,292

Investment Income $30,919

Other Revenue $-94,719

TOTAL REVENUE $12,345,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,929,780

Fundraising Expenses $1,409,450

Program Expenses $10,052,157

Other Expenses $5,427,344

TOTAL EXPENSES $14,357,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,345,711	$10,497,618	+0.2%
Expenses	$14,357,124	$13,479,401	+0.1%
Net Income	$-2,011,413	$-2,981,783	-0.3%

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

245

Volunteers

144

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

$385,496

Total Directors

$210,721

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GOODMAN	CHAIR	1.00	Officer Director	$0	$0	$0
MORRIS STEIN	CHAIR-ELECT	10.00	Officer Director	$0	$0	$0
DAVID BORNEMANN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNY HOLSMAN TETREAULT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF RICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR OLIVER HARPER	VICE CHAIR AND CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
JOHN GRAHAM	BOARD MEMBER AND CHAIR EMERITUS	1.00	Director	$0	$0	$0
LON BABBY	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
LAURA FRANCO FRENCH	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN ANDEEN-KELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC BIEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL COWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE DASHEW	BOARD MEMBER	1.00	Director	$0	$0	$0
DIAN D'AVANZO	ORCHESTRA MEMBER/BOARD MEMBER	30.00	Director	$64,753	$10,870	$75,623
MATTHEW FEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX FOSE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARY HARBOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA KIM KAZEPIDES	ORCHESTRA MEMBER/BOARD MEMBER	30.00	Director	$63,189	$11,513	$74,702
PHIL KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA KISICKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG LOEFGREN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK MCCARTNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS ONG	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL PENZONE	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA MAC PERLICH	BOARD MEMBER	1.00	Director	$0	$0	$0
KALLIE ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY JANE RYND	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SELDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK STEBBINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HAAG	TREASURER	7.00	Officer Director	$57,676	$2,720	$60,396
PETER KJOME	PRESIDENT/CEO	40.00	Officer	$304,887	$20,213	$325,100
TAMELA ROCKER	SVP & CHIEF ADVANCEMENT OFFICER	40.00	Highest	$141,451	$13,437	$154,888
NICOLE PENA	VP OF PHILANTHROPY	40.00	Highest	$132,235	$10,681	$142,916
RACHEL DAHL	VP OF MARKETING	40.00	Highest	$130,450	$3,914	$134,364
CHRISTOPHER POWELL	VP OF OPERATIONS & ARTISTIC PLANNING	40.00	Highest	$130,339	$15,427	$145,766

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	$12,345,711	$14,357,124	$4,985,414	$-2,011,413
2024	No data	No data	No data	No data
2023	$8,287,693	$11,277,930	$7,872,563	$-2,990,237
2022	$19,616,646	$9,809,147	$9,814,657	$9,807,499
2021	$4,890,998	$4,000,647	$1,368,252	$890,351
2020	$8,518,986	$11,206,614	$848,615	$-2,687,628
2019	$13,903,131	$13,567,945	$3,465,575	$335,186
2018	$13,350,679	$13,126,785	$3,356,288	$223,894

PHOENIX SYMPHONY ASSOCIATION