NEWPORT SYMPHONY ORCHESTRA

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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

1988

Legal Domicile

Tax Period

2024-08-01 to 2025-07-31

NEWPORT SYMPHONY ORCHESTRA, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $484K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $1.1M represent 27 months of operating reserves.

Mission

TO ENHANCE THE QUALITY OF LIFE IN OREGON'S COASTAL COMMUNITIES WITH DIVERSE, INSPIRING PERFORMANCES AND ENGAGING EDUCATIONAL ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $304,283 Revenue: $123,781

ORCHESTRAL CONCERTS:THE NSO SPONSORED THE ANNUAL EDUCATION SALEM YOUTH PHILHARMONIC CONCERT FOR 300 LINCOLN COUNTY SCHOOL DISTRICT THIRD GRADERS TO ATTEND THEIR FIRST ORCHESTRAL PERFORMANCE FOR...

ORCHESTRAL CONCERTS:THE NSO SPONSORED THE ANNUAL EDUCATION SALEM YOUTH PHILHARMONIC CONCERT FOR 300 LINCOLN COUNTY SCHOOL DISTRICT THIRD GRADERS TO ATTEND THEIR FIRST ORCHESTRAL PERFORMANCE FOR FREE.THE NSO PERFORMED FIVE SYMPHONIC MASTERWORK CONCERTS TO OVER 2500 PATRONS FROM LINCOLN COUNTY, SALEM, CORVALLIS AND A FEW PATRONS WHO DRIVE FROM PORTLAND TO ATTEND OUR PERFORMANCES.THE NSO HOSTEED SOLO VIOLIN SOLOIST, BENJAMIN BAKER, TO VISIT SCHOOLS IN LINCOLN COUNTY DURING NOVEMBER, 2024.THE NSO FEATURED THREE TO FOUR MUSICIANS AT CHAMBER ENSEMBLES RECITALS AT THE DOERFLER FAMILY THEATER LOCATED AT THE PACIFIC MARITIME HERITAGE CENTER DURING OCTOBER, 2024 AND APRIL, 2025 AND MAY, 2025 TO NEAR CAPACITY AUDIENCES (100).THE NSO FEATURED OREGON'S OWN MISS AMERICA, KATIE HARMON EBNER, AS THE SOLOIST AT THE ANNUAL FREE COMMUNITY CONCERT ON THE 4TH OF JULY, 2025 TO AN AUDIENCE OF APPROXIMATELY 500.THE NSO SPONSORED THE NEWPORT YOUTH SYMPHONY OF THE OREGON COAST (NYSOC) WITH 24 STUDENT PARTICIPANTS AND 120 AUDIENCE MEMBERS IN ATTENDANCE FOR BOTH THE FALL, 2024 AND SPRING, 2025 CONCERTS AT THE NEWPORT HIGH SCHOOL.

Program 2

Expenses: $32,778 Revenue: $2,535

FREE MUSIC LESSONS:THE NSO PROVIDED FREE WEEKLY MUSIC LESSONS AND INSTRUMENTS TO 19 STUDENTS FOR THE 2024-2025 SCHOOL YEAR.

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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 $306,447

Program Service Revenue $126,315

Investment Income $28,340

Other Revenue $23,095

TOTAL REVENUE $484,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,696

Fundraising Expenses $11,495

Program Expenses $337,061

Other Expenses $346,373

TOTAL EXPENSES $520,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,197	$601,242	-0.2%
Expenses	$520,069	$532,148	0.0%
Net Income	$-35,872	$69,094	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY STEINBERG	Vice President	0.50	Officer Director	$0	$0	$0
KEN COMBS	Director	9.50	Director	$0	$0	$0
WILLIAM HITE	President	2.70	Officer Director	$0	$0	$0
SUSAN ELIZABETH REESE PAINTER	Treasurer	3.00	Officer Director	$0	$0	$0
CHRISTINE BONNEY	Director	1.00	Director	$0	$0	$0
BRIAN HAGGERTY	Director	1.00	Director	$0	$0	$0
MARCIA BUCKLEY	Director	0.50	Director	$0	$0	$0
CLYDE REID	Secretary	0.50	Officer Director	$0	$0	$0
GAVIN SHUMATE	Director	0.50	Director	$0	$0	$0
CAMILLE SHIEFF	Director	2.00	Director	$0	$0	$0
KATE SINKINS	Director	1.00	Director	$0	$0	$0
JOSEPH SWAFFORD	Director	1.00	Director	$0	$0	$0
KRIS KLAVIK	Director	1.00	Director	$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	$484,197	$520,069	$1,079,932	$-35,872
2024	$601,242	$532,148	$1,020,581	$69,094
2023	$329,582	$468,214	$922,622	$-138,632
2022	$478,148	$365,941	$1,027,105	$112,207
2021	$249,990	$158,823	$1,008,674	$91,167
2020	$272,646	$351,777	$783,270	$-79,131
2019	$1,053,547	$502,796	$803,999	$550,751
2019	$1,053,547	$502,796	$803,999	$550,751
2018	$310,964	$303,669	$234,313	$7,295