SYMPHONY TACOMA

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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

1946

Legal Domicile

Principal Officer

WILLIAM RYBERG

Phone

2532727264

Tax Period

2022-07-01 to 2023-06-30

SYMPHONY TACOMA, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 39% operating deficit.

Mission

SYMPHONY TACOMA'S MISSION IS "BUILDING COMMUNITY THROUGH MUSIC."

Program Service Accomplishments

Program 1

Expenses: $1,089,779 Revenue: $298,860

SYMPHONY TACOMA ENGAGED IN A MULTI-YEAR INITIATIVE TO CHAMPION DIVERSITY, EQUITY, INCLUSION, ACCESS AND BELONGING IN ALL ASPECTS OF OUR BUSINESS. OUR SUBSCRIPTION SERIES FEATURED A DIVERSE ARRAY OF GUEST ARTIST AND REPERTOIRE. AS A CHAMPION OF NEW MUSIC, MUSIC DIRECTOR SARAH IOANNIDES HAS PREMIERED SEVERAL WORKS BY LIVING COMPOSERS, A RARITY IN OUR INDUSTRY. OUR EDUCATION PROGRAMS RETURNED TO IN-PERSON THIS YEAR. OUR SYMPHONY2U PROGRAM SUPPORTING ELEMENTARY, MIDDLE AND HIGH SCHOOL STRING PROGRAMS WAS EXPANDED AND DELIVERED IN-PERSON TO SEVEN SCHOOLS AND PROVIDED CONSECUTIVE WEEKS OF INTENSIVE COACHING AND PERFORMANCES. WE WERE ONE OF JUST A FEW ORGANIZATIONS IN TACOMA TO HAVE PERFORMANCES THAT WERE USED AS A FIELD TRIP (OUR SIMPLY SYMPHONIC SERIES). IN ADDITION, SYMPHONY TACOMA CREATED OPPORTUNITIES TO HAVE FREE PERFORMANCES AND OTHER OPPORTUNITIES. WE BROUGHT MUSICIANS TO PERFORM AT NEIGHBORHOOD EVENTS, FARMER'S MARKET AND OFFERED FREE MASTERCLASSES LED BY NOTABLE ARTISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $674,297

Program Service Revenue $298,860

Investment Income $15,335

Other Revenue $49,261

TOTAL REVENUE $1,037,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,021,008

Fundraising Expenses $218,870

Program Expenses $1,089,779

Other Expenses $426,552

TOTAL EXPENSES $1,447,560

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,037,753	$1,665,927	-0.4%
Expenses	$1,447,560	$1,357,994	+0.1%
Net Income	$-409,807	$307,933	-2.3%

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

145

Volunteers

120

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

$95,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESIREE WILKINS FINCH	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIK MOLZEN	SECRETARY	2.00	Officer Director	$0	$0	$0
BIL MOSS	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON BOURNE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINA ABBY	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN ROSENBAUM	BOARD MEMBER	2.00	Director	$0	$0	$0
SIBYL ADAMS	BOARD MEMBER - EX OFFICIO	2.00	Director	$0	$0	$0
CONSTANCE BACON	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANNE K CONWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE DUNBAR	BOARD MEMBER	2.00	Director	$0	$0	$0
TROY BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY DOYLE	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK MEEDER	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICIA WOOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA GREENE	BOARD MEMBER	2.00	Director	$0	$0	$0
KIT EVANS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY HAMMOND	BOARD MEMBER	2.00	Director	$0	$0	$0
BENN HANSSON	EX-OFFICIO	2.00	Director	$0	$0	$0
JERRY YANG	TREASURER	2.00	Officer Director	$0	$0	$0
ANNA JENSEN	EX-OFFICIO	2.00	Director	$0	$0	$0
KYLE YEVERSKY	EX-OFFICIO	2.00	Director	$0	$0	$0
KARINA BHARNE	EXECUTIVE DIRECTOR	40.00	Officer	$79,290	$15,760	$95,050
SARAH IOANNIDES	MUSIC DIRECTOR	40.00	Highest	$112,550	$2,717	$115,267

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	No data	No data	No data	No data
2023	$1,037,753	$1,447,560	$1,587,585	$-409,807
2022	$1,665,927	$1,357,994	$1,937,065	$307,933
2021	$1,226,846	$985,028	$1,872,215	$241,818
2020	$1,193,620	$1,168,864	$1,550,445	$24,756
2019	$1,215,512	$1,232,515	$1,350,657	$-17,003
2018	$1,377,005	$1,280,267	$1,346,578	$96,738