PORT ANGELES SYMPHONY ORCHESTRA INC

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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

1932

Legal Domicile

Phone

3604575579

Tax Period

2022-07-01 to 2023-06-30

PORT ANGELES SYMPHONY ORCHESTRA INC, founded in 1932, is a small nonprofit in the Arts, Culture & Humanities sector that reported $953K in total revenue in fiscal year 2022. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $440K, a strong 46% operating margin.

Mission

PROVIDE PERFORMERS AND THE PUBLIC OF THE NORTH OLYMPIC PENINSULA AN OPPORTUNITY TO ENJOY, PARTCIPATE AND GROW THROUGH THE ENRICHING EXPERIENCE OF QUALITY LIVE MUSIC

Program Service Accomplishments

Program 1

Expenses: $243,530 Revenue: $65,047

5 SYMPHONY SUBSCRIPTION CONCERTS WITH 5 MORNING DRESS REHEARSALS

Program 2

Expenses: $36,268 Revenue: $26,803

6 CHAMBER ORCHESTRA CONCERTS, 2 POP'S CONCERTS

Program 3

Expenses: $28,015 Revenue: $22,175

ADVENTURES IN MUSIC SCHOOL PROGRAM

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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 (2022)

Revenue Breakdown

Contributions & Grants $681,309

Program Service Revenue $114,717

Investment Income $152,329

Other Revenue $4,559

TOTAL REVENUE $952,914

Expense Breakdown

Grants Paid $8,710

Salaries & Benefits $273,713

Fundraising Expenses $3,479

Program Expenses $408,869

Other Expenses $230,407

TOTAL EXPENSES $512,830

Year-over-Year Comparison

	2022	2021	Change
Revenue	$952,914	$690,540	+0.4%
Expenses	$512,830	$342,290	+0.5%
Net Income	$440,084	$348,250	+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

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

$104,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BALDUCCI	PRESIDENT	1.00	Officer	$0	$0	$0
ROBBIN EAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHI HUSSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE MEYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM ODONNELL	BOARD MEMBER	1.00	Officer	$0	$0	$0
VIRGINIA ODONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN UNGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DICK VAN CALCAR	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHUCK WHITNEY	TREASURER	1.00	Officer	$0	$0	$0
JONATHAN PASTERNACK	MUSIC & EXECUTIVE DIRECTOR	50.00	Key Emp Highest	$104,866	$0	$104,866
SANDY CAMERON	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON REUTER	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY STEPHANZ	SECRETARY	1.00	Officer	$0	$0	$0
JOHAN VAN NIMWEGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS NOBLE	BOARD 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	No data	No data	No data	No data
2023	$952,914	$512,830	$2,145,858	$440,084
2022	$690,540	$342,290	$1,669,510	$348,250
2021	$291,421	$250,240	$1,535,628	$41,181