BREMERTON SYMPHONY ASSOCIATION

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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

1967

Legal Domicile

Principal Officer

THOMAS CAMERON

Phone

3603731722

Tax Period

2024-07-01 to 2025-06-30

BREMERTON SYMPHONY ASSOCIATION, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $349K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $472K exceeded revenue, resulting in a 35% operating deficit.

Mission

WE UNITE AND ENRICH WEST SOUND COMMUNITIES BY SHARING A PASSION FOR LIVE MUSIC, PRESERVING ARTISTIC TRADITION, AND BREAKING BARRIERS TO MUSIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $231,403 Revenue: $81,425

BREMERTON SYMPHONY ASSOCIATION OFFERS CONCERTS IN KITSAP COUNTY THROUGHOUT THE YEAR, INCLUDING BREMERTON SYMPHONY ORCHESTRA, BREMERTON SYMPHONY CORALE, AND BREMERTON YOUTH SYMPHONY ENSEMBLES, AS WELL...

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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 $262,888

Program Service Revenue $81,425

Investment Income $5,083

Other Revenue $0

TOTAL REVENUE $349,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,637

Fundraising Expenses $0

Program Expenses $231,403

Other Expenses $163,723

TOTAL EXPENSES $472,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,396	$471,172	-0.3%
Expenses	$472,360	$454,026	+0.0%
Net Income	$-122,964	$17,146	-8.2%

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

Volunteers

N/A

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

$113,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN FUTTERMAN	MUSIC DIRECT	15.00	Officer	$63,451	$0	$63,451
JUAN GALLASTEGUI	EXECUTIVE DI	N/A	Officer	$35,471	$0	$35,471
LEANNE CAMPOS	CHORALE DIRE	N/A	Officer	$14,400	$0	$14,400
RICHARD ASCHE	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE BEHLING	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS CAMERON	PRESIDENT	N/A	Director	$0	$0	$0
JUSTIN CORMIER	DIRECTOR	N/A	Director	$0	$0	$0
AL DILLAN	DIRECTOR	N/A	Director	$0	$0	$0
KRISTIN GUY	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH HOUSEN	TREASURER	N/A	Director	$0	$0	$0
PATTY LENT	DIRECTOR	N/A	Director	$0	$0	$0
CONNIE LORD	VICE PRESIDE	N/A	Director	$0	$0	$0
JERRY MCDONALD	DIRECTOR	N/A	Director	$0	$0	$0
DONNA MORELAND	DIRECTOR	N/A	Director	$0	$0	$0
RONALD MORSE	DIRECTOR	N/A	Director	$0	$0	$0
BETH NOLAN	DIRECTOR	N/A	Director	$0	$0	$0
CHERYL POLK	DIRECTOR	N/A	Director	$0	$0	$0
CAROL SLADE	DIRECTOR	N/A	Director	$0	$0	$0
STEPHAN SWANN	TREASURER	N/A	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	$349,396	$472,360	$168,398	$-122,964
2024	$471,172	$454,026	$298,082	$17,146
2023	$745,624	$511,119	$277,037	$234,505
2022	$160,616	$377,242	$67,180	$-216,626
2021	$465,415	$229,313	$268,583	$236,102
2020	$254,529	$250,965	$69,731	$3,564
2019	$273,460	$312,081	$49,290	$-38,621