SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION (EIN 952104089) - 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

1953

Legal Domicile

Principal Officer

CHRISTOPHER D HARRIS

Phone

8058989386

Tax Period

2024-07-01 to 2025-06-30

SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 27% operating margin.

Mission

THE MISSION OF THE SANTA BARBARA SYMPHONY IS TO ENRICH THE LIVES OF SANTA BARBARA RESIDENTS BY PRODUCING THE HIGHEST-QUALITY MUSICAL EXPERIENCES, ACCESSIBLE TO THE ENTIRE COMMUNITY, AND TO INSPIRE A PASSION FOR SYMPHONIC MUSIC IN THE NEXT GENERATION OF AUDIENCE MEMBERS, MUSICIANS, AND FUNDERS.

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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 $4,441,574

Program Service Revenue $1,372,103

Investment Income $60,893

Other Revenue $-920

TOTAL REVENUE $5,873,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,749,852

Fundraising Expenses $873,644

Program Expenses $2,792,696

Other Expenses $1,556,344

TOTAL EXPENSES $4,306,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,873,650	$3,250,001	+0.8%
Expenses	$4,306,196	$3,859,333	+0.1%
Net Income	$1,567,454	$-609,332	-3.6%

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

198

Volunteers

160

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

$220,194

Total Directors

Key Employees

$344,266

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET GARUFIS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS HARRIS	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE RICHARDSON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
TODD ALDRICH	DIRECTOR	2.00	Officer Director	$0	$0	$0
DAN BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
SARAH CHRISMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVIS FANSLER	DIRECTOR	1.00	Director	$0	$0	$0
DON GILMAN EDD	DIRECTOR	1.00	Director	$0	$0	$0
SAM HEDGPETH	DIRECTOR	1.00	Director	$0	$0	$0
PALMER JACKSON JR	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KAGANOFF	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KONSTANTINOW PH D	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE MEYER STAPF	DIRECTOR	1.00	Director	$0	$0	$0
JIM MOOY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SAGE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD J SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WEEMS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WEINMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN R MARTIN	PRESIDENT & CEO	40.00	Officer	$199,066	$21,128	$220,194
NIR KABARETTI	MUSIC & ARTISTIC DIRECTOR, EX-OFFICIO DIRECTOR	40.00	Key Emp	$185,219	$23,749	$208,968
NATASHA MILLER-ZAHN	VP OF FINANCE	40.00	Key Emp	$127,953	$7,345	$135,298

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	$5,873,650	$4,306,196	$4,891,770	$1,567,454
2024	No data	No data	No data	No data
2023	$4,706,076	$3,509,003	$3,815,469	$1,197,073
2022	$3,894,335	$4,038,650	$2,638,412	$-144,315

SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION