MONTEREY COUNTY SYMPHONY ASSOC INC (EIN 941584123) - 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

1965

Legal Domicile

Principal Officer

NICOLA REILLY

Phone

8316468511

Tax Period

2023-07-01 to 2024-06-30

MONTEREY COUNTY SYMPHONY ASSOC INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Expenses of $2.7M left a modest 10% surplus.

Mission

The Monterey Symphony produces and presents concerts at the Sunset Center and Forest Theater in Carmel as well as Sherwood Hall in Salinas. Concerts showcase well known works, as well as lesser known works. The Symphony typically commissions one new work each 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 (2023)

Revenue Breakdown

Contributions & Grants $1,368,240

Program Service Revenue $326,466

Investment Income $1,296,994

Other Revenue $17,658

TOTAL REVENUE $3,009,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,461,234

Fundraising Expenses $165,916

Program Expenses $1,892,885

Other Expenses $1,242,696

TOTAL EXPENSES $2,703,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,009,358	$2,951,083	+0.0%
Expenses	$2,703,930	$2,400,602	+0.1%
Net Income	$305,428	$550,481	-0.4%

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

232

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

$335,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLA REILLY	Executive Dir.	40.00	Officer	$227,105	$22,955	$250,060
Noemi Vera	Operations Dir.	40.00	Officer	$85,000	$0	$85,000
BRUCE LINDSEY	IMM PAST PRES	2.00	Officer Director	$0	$0	$0
SUSAN BREEN	Director	1.00	Director	$0	$0	$0
CHARLES SCHIMMEL	President	2.00	Officer Director	$0	$0	$0
JEFFREY WALLACE	Secretary	2.00	Officer Director	$0	$0	$0
JERYL ABELMANN	Director	1.00	Director	$0	$0	$0
SUSAN BRITTON	RESIGNED 2/24	1.00	Director	$0	$0	$0
ALAN MASON	Director	1.00	Director	$0	$0	$0
MOLLIE HEDGES	Director	1.00	Director	$0	$0	$0
BRENDA MURDOCK	Director	1.00	Director	$0	$0	$0
ELIZABETH LYMAN	Director	1.00	Director	$0	$0	$0
DIANE MALL	Director	1.00	Director	$0	$0	$0
NOELLE MICEK	Director	1.00	Director	$0	$0	$0
MAUREEN SANDERS	Vice President	1.00	Officer Director	$0	$0	$0
WILLIAM SHARPE	Director	1.00	Director	$0	$0	$0
PINKIE TERRY	Director	2.00	Director	$0	$0	$0
MARTIN WOLF	Director	1.00	Director	$0	$0	$0
DAVID ZACHES	Director	1.00	Director	$0	$0	$0
LEE ROSEN	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	No data	No data	No data	No data
2024	$3,009,358	$2,703,930	$20,434,173	$305,428
2023	$2,951,083	$2,400,602	$19,274,284	$550,481
2022	$1,906,795	$2,013,029	$18,005,535	$-106,234
2021	$1,183,026	$764,570	$21,241,271	$418,456
2020	$3,194,652	$1,671,692	$17,135,687	$1,522,960
2019	$4,690,579	$1,766,950	$15,594,837	$2,923,629
2018	$1,630,197	$1,673,372	$11,938,805	$-43,175

MONTEREY COUNTY SYMPHONY ASSOC INC