SEATTLE SYMPHONY FOUNDATION

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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

1986

Legal Domicile

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

THE PRIMARY PURPOSE OF THE SEATTLE SYMPHONY FOUNDATION IS TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS.

Program Service Accomplishments

Program 1

Expenses: $1,657,423 Revenue: $0

THE FOUNDATION'S ARTICLES OF INCORPORATION PROVIDE THAT UP TO 7.5% OF THE 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE BE DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS...

THE FOUNDATION'S ARTICLES OF INCORPORATION PROVIDE THAT UP TO 7.5% OF THE 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE BE DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS OPERATIONS.IN 2019 THE FOUNDATION ADDED A NEW ENDOWMENT FUND FOR THE BENEFIT OF BENAROYA MUSIC HALL. IN 2023, THE FOUNDATION BOARD APPROVED A DISTRIBUTION TO BENAROYA HALL TOTALING 5% OF A ROLLING 36 MONTH AVERAGE OF THE ENDOWMENT VALUES.

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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 (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

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

N/A

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

$871,199

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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