SEATTLE SYMPHONY FOUNDATION

EIN: 911351925 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$4,890,345
Total Expenses
$2,098,132
Total Assets
$49,172,703
Net Assets
$49,002,604
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
WA
Principal Officer
MICHAEL SLONSKI
Phone
2062154700
Tax Period
2023-09-01 to 2024-08-31

SEATTLE SYMPHONY FOUNDATION, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 57% operating margin.

Mission

TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS.

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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 $1,457,715
Program Service Revenue $0
Investment Income $3,432,630
Other Revenue $0
TOTAL REVENUE $4,890,345

Expense Breakdown

Grants Paid $1,657,423
Salaries & Benefits $150,000
Fundraising Expenses $150,236
Program Expenses $1,657,423
Other Expenses $290,709
TOTAL EXPENSES $2,098,132

Year-over-Year Comparison

2023 2022 Change
Revenue $4,890,345 $7,550,149 -0.4%
Expenses $2,098,132 $1,982,229 +0.1%
Net Income $2,792,213 $5,567,920 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
14

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
6
$871,199
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SLONSKI BOARD CHAIR 2.00
Officer Director
$0 $0 $0
KATHLEEN WRIGHT VICE CHAIR 2.00
Officer Director
$0 $0 $0
MURIEL VAN HOUSEN SECRETARY 2.00
Officer Director
$0 $0 $0
YUKA SHIMIZU TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN COUGHLIN DIRECTOR 2.00
Director
$0 $0 $0
NANCY B EVANS DIRECTOR THRU 01/24 2.00
Director
$0 $0 $0
LYN GRINSTEIN DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS JACKSON DIRECTOR 2.00
Director
$0 $0 $0
JON ROSEN DIRECTOR 2.00
Director
$0 $0 $0
DAVID TAN DIRECTOR 2.00
Director
$0 $0 $0
RICK WHITE DIRECTOR 2.00
Director
$0 $0 $0
KRISHNA THIAGARAJAN PRESIDENT & CEO 1.00
Officer
$0 $47,922 $555,588
CHERONNE WONG CFO & BENAROYA HALL COO 1.00
Officer
$0 $37,939 $315,611
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
2024 $4,890,345 $2,098,132 $49,172,703 $2,792,213
2023 $7,550,149 $1,982,229 $43,445,293 $5,567,920
2022 $3,508,429 $1,837,747 $41,683,868 $1,670,682
2021 $2,180,352 $1,759,673 $45,740,973 $420,679
2020 $2,977,491 $1,864,450 $39,712,910 $1,113,041
2019 $1,333,307 $2,356,433 $35,808,304 $-1,023,126
2018 $921,273 $2,289,751 $36,767,447 $-1,368,478
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