SEATTLE YOUTH SYMPHONY ORCHESTRAS

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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

1942

Legal Domicile

Principal Officer

MELODY A GARZA

Phone

2063622300

Tax Period

2024-09-01 to 2025-08-31

SEATTLE YOUTH SYMPHONY ORCHESTRAS, founded in 1942, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 6% surplus.

Mission

EMPOWERING YOUTH THROUGH EXCELLENCE IN ORCHESTRAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,689,552 Revenue: $1,793,394

FOUNDED IN 1942, SEATTLE YOUTH SYMPHONY ORCHESTRA (SYSO) IS THE LARGEST YOUTH ORCHESTRA TRAINING PROGRAM IN THE UNITED STATES. THE ORGANIZATION SERVES A DIVERSE BODY OF STUDENTS EACH YEAR WITH SEVEN ORCHESTRAS, TWO SUMMER FESTIVAL PROGRAMS, A CONSERVATORY, AND PARTNERSHIPS WITH LOCAL PUBLIC SCHOOLS. BY PROVIDING TUITION ASSISTANCE TO STUDENTS, SYSO ENSURES THAT EVERY TALENTED STUDENT CAN PARTICIPATE IN OUR PROGRAMS, REGARDLESS OF FINANCIAL RESOURCES.

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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 $695,568

Program Service Revenue $1,794,625

Investment Income $105,892

Other Revenue $10,713

TOTAL REVENUE $2,606,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,116,233

Fundraising Expenses $242,104

Program Expenses $1,689,552

Other Expenses $1,313,774

TOTAL EXPENSES $2,458,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,606,798	$1,799,456	+0.4%
Expenses	$2,458,807	$1,838,419	+0.3%
Net Income	$147,991	$-38,963	-4.8%

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

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

$148,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M SOKOL	CHAIR	10.00	Officer Director	$0	$0	$0
CHRISTINE CHANG	SECRETARY	10.00	Officer Director	$0	$0	$0
THOMAS JEFF EBY	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID TAN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JEFFREY BARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA DOWD	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO GRIJALVA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESS LEHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JORGE MORALES	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH NEILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HANA PARK	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNA SUN	BOARD MEMBER	1.00	Director	$0	$0	$0
MILOS KOVACEVIC	BOARD MEMBER	1.00	Director	$0	$0	$0
MELODY A GARZA MIKKELSEN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
JUAN FELIPE MOLANO MUNOZ	MUSIC DIRECTOR	40.00	Officer	$137,542	$11,072	$148,614

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	$2,606,798	$2,458,807	$3,413,552	$147,991
2024	$1,799,456	$1,838,419	$3,263,012	$-38,963
2023	$2,003,210	$1,842,015	$2,929,643	$161,195
2022	$2,250,327	$1,383,495	$2,833,581	$866,832
2022	$326,631	$371,443	$2,650,654	$-44,812
2021	$1,310,501	$821,218	$2,216,519	$489,283
2020	$2,105,013	$1,722,667	$1,505,766	$382,346
2019	$1,960,011	$2,005,683	$1,372,698	$-45,672
2018	$2,128,135	$2,017,055	$1,316,203	$111,080