SKAGIT SYMPHONY (EIN 911649210) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

Caroline Omdal

Phone

3608489336

Tax Period

2024-07-01 to 2025-06-30

SKAGIT SYMPHONY, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $413K in total revenue in fiscal year 2024. Expenses of $380K left a modest 8% surplus.

Mission

Skagit Symphony's mission is to present professional-level orchestral experiences to a growing and inclusive audience; to enrich, entertain, educate, and inspire our community through 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $257,653

Program Service Revenue $112,723

Investment Income $18,755

Other Revenue $24,329

TOTAL REVENUE $413,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,159

Fundraising Expenses $66,502

Program Expenses $255,197

Other Expenses $152,364

TOTAL EXPENSES $379,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,460	$398,201	+0.0%
Expenses	$379,523	$333,380	+0.1%
Net Income	$33,937	$64,821	-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

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

$55,331

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marna Fletcher	Executive Director	40	Officer Highest	$28,946	$0	$28,946
Caroline Omdal	Executive Director	40	Officer	$26,385	$0	$26,385
Phil Buri	Director	1	Director	$0	$0	$0
Dawn Chaplin	Director	1	Director	$0	$0	$0
Beverly Dooley	Director	1	Director	$0	$0	$0
Virginia Elizondo	Director	1	Director	$0	$0	$0
Paul Hanson	Director	1	Director	$0	$0	$0
Susan Macek	Director	1	Director	$0	$0	$0
Barbara Marie	Director	1	Director	$0	$0	$0
Doug Robertson	Director	1	Director	$0	$0	$0
Deborah Smeltzer	Director	1	Director	$0	$0	$0
Adrienne Stewart	Director	1	Director	$0	$0	$0
Mandy Walters Whitaker	Director	1	Director	$0	$0	$0
Al Call	Past President	2	Officer Director	$0	$0	$0
Ray Horak	President	2	Officer	$0	$0	$0
Dave Cross	Secretary	2	Officer	$0	$0	$0
Ruth McNally	Treasurer	2	Officer	$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	$413,460	$379,523	$447,466	$33,937
2024	$398,201	$333,380	$397,129	$64,821
2023	$278,076	$279,798	$308,929	$-1,722
2022	$237,061	$211,021	$294,601	$26,040
2021	$257,172	$135,795	$307,745	$121,377
2020	$177,815	$182,209	$191,847	$-4,394
2018	$154,807	$170,327	$105,115	$-15,520
2018	$154,807	$170,327	$105,115	$-15,520

SKAGIT SYMPHONY