MODESTO SYMPHONY ORCHESTRA ASSOCIATION

EIN: 942150279 501(c)(3) Arts, Culture & Humanities

MODESTO, CA

Total Revenue
$1,694,972
Total Expenses
$2,219,643
Total Assets
$2,108,789
Net Assets
$1,774,390
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
CA
Phone
2095234156
Tax Period
2023-07-01 to 2024-06-30

MODESTO SYMPHONY ORCHESTRA ASSOCIATION, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

To serve as a professional organization that constantly strives to provide the highest standards in musical performances to attract the broadest audience from the region.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $933,964
Program Service Revenue $662,720
Investment Income $87,655
Other Revenue $10,633
TOTAL REVENUE $1,694,972

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,494,257
Fundraising Expenses $0
Program Expenses $1,613,674
Other Expenses $725,386
TOTAL EXPENSES $2,219,643

Year-over-Year Comparison

2023 2022 Change
Revenue $1,694,972 $2,497,295 -0.3%
Expenses $2,219,643 $1,959,148 +0.1%
Net Income $-524,671 $538,147 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
306
Volunteers
N/A

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
6
$92,640
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLINE NICKEL President & CEO 40.00
Officer
$92,640 $0 $92,640
JOHN WALLACE Director 0.00
Director
$0 $0 $0
ROBERT HAWKS Director 0.00
Director
$0 $0 $0
KENT JOHNSON Treasurer 0.00
Officer Director
$0 $0 $0
SHEILA CARROLL Director 0.00
Director
$0 $0 $0
RICHARD DEWAR MD Director 0.00
Director
$0 $0 $0
DR PHILLIP BECK PAST CHAIR 0.00
Officer Director
$0 $0 $0
STEVE PALLIOS BOARD CHAIR 0.00
Officer Director
$0 $0 $0
MICHAEL HERRERO Director 0.00
Director
$0 $0 $0
MAREE HAWKINS Director 0.00
Director
$0 $0 $0
RON HOFFMAN Director 0.00
Director
$0 $0 $0
KATHRYN BOYD Director 0.00
Director
$0 $0 $0
RICHARD KENDRICK MD Director 0.00
Director
$0 $0 $0
MEREDITH BRANDSMA Director 0.00
Director
$0 $0 $0
CAROLE BOYETT Director 0.00
Director
$0 $0 $0
H DIETER RENNING Director 0.00
Director
$0 $0 $0
GREG HELBIG MD Director 0.00
Director
$0 $0 $0
DENI ROYER Secretary 0.00
Officer Director
$0 $0 $0
AVI NIJJAR MD Director 0.00
Director
$0 $0 $0
BETTY USTACH Director 0.00
Director
$0 $0 $0
LAURA BREAM VICE CHAIR 0.00
Officer Director
$0 $0 $0
AMY COLLIER CARROLL Director 0.00
Director
$0 $0 $0
ROBERT FALZONE Director 0.00
Director
$0 $0 $0
LYN RAIBLE MD Director 0.00
Director
$0 $0 $0
JOE SWAIN Director 0.00
Director
$0 $0 $0
LAURA WHARFF Director 0.00
Director
$0 $0 $0
JAMEE BOLLINGER Director 0.00
Director
$0 $0 $0
BOYETT PETROLEUM Director 0.00
Director
$0 $0 $0
KEN MENGES Director 0.00
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 $1,694,972 $2,219,643 $2,108,789 $-524,671
2023 $2,497,295 $1,959,148 $2,490,003 $538,147
2022 $2,137,453 $1,569,961 $1,815,779 $567,492
2021 $802,105 $643,760 $1,498,117 $158,345
2020 $1,703,432 $1,636,676 $1,121,953 $66,756
2019 $1,738,881 $1,848,053 $1,254,611 $-109,172
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