BELLINGHAM SYMPHONY ORCHESTRA

EIN: 911003176 501(c)(3)

BELLINGHAM, WA

Total Revenue
$545,471
Total Expenses
$687,920
Total Assets
$460,043
Net Assets
$428,522
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WA
Principal Officer
GAIL RIDENOUR
Phone
3607566752
Tax Period
2023-07-01 to 2024-06-30

BELLINGHAM SYMPHONY ORCHESTRA, founded in 1976, is a small nonprofit that reported $545K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $688K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE BSO ENGAGES, CONNECTS, AND UPLIFTS OUR COMMUNITY BY PERFORMING POWERFUL, BEAUTIFUL, AND INSPIRING MUSIC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,524
Program Service Revenue $211,199
Investment Income $19,356
Other Revenue $1,392
TOTAL REVENUE $545,471

Expense Breakdown

Grants Paid $1,465
Salaries & Benefits $303,727
Fundraising Expenses $48,847
Program Expenses $569,634
Other Expenses $382,728
TOTAL EXPENSES $687,920

Year-over-Year Comparison

2023 2022 Change
Revenue $545,471 $583,991 -0.1%
Expenses $687,920 $668,553 +0.0%
Net Income $-142,449 $-84,562 +0.7%
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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Governance

Voting Members
15
Independent Members
15
Employees
14
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
7
$51,641
Total Directors
15
$6,945
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY WELCH PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLI DANIELS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK TOMKO SECRETARY 1.00
Officer Director
$2,320 $0 $2,320
GENA MIKKELSEN TREASURER 1.00
Officer Director
$885 $0 $885
CAROL COMEAU PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBBIE ARTHUR BOARD MEMBER 0.50
Director
$1,640 $0 $1,640
KATHLEEN BELL BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES HALKA BOARD MEMBER 0.50
Director
$0 $0 $0
BARRY MEYERS BOARD MEMBER 0.50
Director
$0 $0 $0
SANDRA PAYTON BOARD MEMBER 0.50
Director
$0 $0 $0
JIM QUIST BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES RAY BOARD MEMBER 0.50
Director
$2,100 $0 $2,100
GARLAND RICHMOND BOARD MEMBER 0.50
Director
$0 $0 $0
BARBARA RYAN BOARD MEMBER 0.50
Director
$0 $0 $0
TED SCHUMAN BOARD MEMBER 0.50
Director
$0 $0 $0
EILEEN BROWNELL EXECUTIVE DIRECTOR 40.00
Officer
$39,486 $0 $39,486
GAIL RIDENOUR EXECUTIVE DIRECTOR 40.00
Officer
$8,950 $0 $8,950
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 $545,471 $687,920 $460,043 $-142,449
2023 $583,991 $668,553 $588,599 $-84,562
2022 $744,156 $586,530 $692,164 $157,626
2021 $409,000 $351,386 $544,700 $57,614
2020 $580,271 $505,618 $490,830 $74,653
2019 $572,058 $539,047 $444,146 $33,011
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