Spokane Symphony Society

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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

1945

Legal Domicile

Principal Officer

Steve Wenig

Phone

5093263136

Tax Period

2024-07-01 to 2025-06-30

Spokane Symphony Society, founded in 1945, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $18.9M represent 35 months of operating reserves.

Mission

The Spokane Symphony is dedicated to providing high quality, professional orchestral performances and education to the Inland Northwest for the purpose of enriching and transforming lives through music and owns and operates the historic Fox Theater.

Program Service Accomplishments

Program 1

Expenses: $5,286,807 Revenue: $3,339,959

The Spokane Symphony Society presents 60 concerts and over 500 education events annually plus operates a historic theater which, brings touring groups and provides space for concerts, educational and community events by other area organizations. Total reach of the Symphony and the Fox is approximately 150,000 people annually.

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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 $3,025,500

Program Service Revenue $3,953,235

Investment Income $172,318

Other Revenue $-600,396

TOTAL REVENUE $6,550,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,889,789

Fundraising Expenses $335,729

Program Expenses $5,286,807

Other Expenses $2,832,179

TOTAL EXPENSES $6,721,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,550,657	$6,977,406	-0.1%
Expenses	$6,721,968	$7,121,389	-0.1%
Net Income	$-171,311	$-143,983	+0.2%

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

248

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

$440,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Vange Hochheimer	Chair of the Board	1.00	Officer Director	$0	$0	$0
Anna Torma	Vice Chair for Finance and Audit	0.50	Officer Director	$0	$0	$0
Dr Francisco Velazquez	Director	0.50	Director	$0	$0	$0
Michael Ebinger	Director	0.50	Director	$0	$0	$0
Sara Maleki	Director	0.50	Director	$0	$0	$0
Mary Ruth Carleton	Director	0.50	Director	$0	$0	$0
Bruce Colquhoun	Director	0.50	Director	$0	$0	$0
Carolyn Kadyk	Director	0.50	Director	$0	$0	$0
A Douglas Belanger	Director	0.50	Director	$0	$0	$0
Janet Lambarth	Director	0.50	Director	$0	$0	$0
Sybil MacDonald	Director	0.50	Director	$0	$0	$0
Michael Sharapata	Director	0.50	Director	$0	$0	$0
Dr Debbie Maurus	Director	0.50	Director	$0	$0	$0
Carol Nelson	Director	0.50	Director	$0	$0	$0
Keith Slater	Director	0.50	Director	$0	$0	$0
Vernice Cohen	Director	0.50	Director	$0	$0	$0
Brad Stark	Director	0.50	Director	$0	$0	$0
Elizabeth Raol	Director	0.50	Director	$0	$0	$0
Jeff Vom Saal Until 0824	President, Executive Director	40.00	Officer	$108,282	$7,820	$116,102
Weiling Zhu	Treasurer, CFO	40.00	Officer	$126,802	$11,176	$137,978
Daniel Cotter	Secretary, Operations Manager	40.00	Officer	$120,829	$28,520	$149,349
Russ Lee From 0824	President, Executive Director	40.00	Officer	$36,675	$0	$36,675
James Lowe	Music Director	40.00	Highest	$130,000	$0	$130,000

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	$6,550,657	$6,721,968	$24,992,883	$-171,311
2024	No data	No data	No data	No data
2023	$7,207,333	$6,451,285	$25,843,715	$756,048
2022	$6,938,735	$3,881,791	$28,948,844	$3,056,944
2021	$1,995,638	$2,023,624	$22,884,267	$-27,986
2020	$5,421,713	$5,336,819	$21,554,106	$84,894
2019	$5,542,087	$5,477,114	$20,843,580	$64,973
2018	$5,484,432	$5,093,980	$20,538,402	$390,452