SOUTHEAST SYMPHONY ASSOCIATION INC

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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

1959

Legal Domicile

Phone

8185078856

Tax Period

2018-01-01 to 2018-12-31

SOUTHEAST SYMPHONY ASSOCIATION INC, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2018. Revenue surged 836% from the prior year, signaling strong growth momentum. Expenses of $296K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE A CONSERVATORY FOR CLASSICAL MUSIC FOR THE COST-FREE BENEFIT OF DEVELOPING MUSICIANS WHILE PROMOTING CLASSICAL MUSIC CONCERTS THAT BENEFIT DIVERSE COMMUNITIES. A SECONDARY PURPOSE IS TO PROVIDE SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $270,547

THE ORGANIZATION SPONSORED CLASSICAL MUSIC CONCERTS IN AREAS OF LOS ANGELES WHERE LIVE ORCHESTRAL MUSIC IS NOT READILY ACCESSIBLE AND PROVIDED VITAL TRAINING FOR MUSICIANS ASPIRING TO PERFORM...

THE ORGANIZATION SPONSORED CLASSICAL MUSIC CONCERTS IN AREAS OF LOS ANGELES WHERE LIVE ORCHESTRAL MUSIC IS NOT READILY ACCESSIBLE AND PROVIDED VITAL TRAINING FOR MUSICIANS ASPIRING TO PERFORM ORCHESTRAL MUSIC.

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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 (2018)

Revenue Breakdown

Contributions & Grants $35,875

Program Service Revenue $17,854

Investment Income $183,221

Other Revenue $0

TOTAL REVENUE $236,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,547

Other Expenses $295,835

TOTAL EXPENSES $295,835

Year-over-Year Comparison

	2018	2017	Change
Revenue	$236,950	$25,325	+8.4%
Expenses	$295,835	$90,585	+2.3%
Net Income	$-58,885	$-65,260	-0.1%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON COOK	Secretary	5.00	Director	$0	$0	$0
MELISSA COOK	Treasurer	5.00	Director	$0	$0	$0
EVELYN FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA WHEELER	Secretary	4.00	Director	$0	$0	$0
OPAL CARTER	PARLIAMENTARIAN	3.00	Director	$0	$0	$0
ANTHONY PARNTHER	MUSIC DIRECTOR	19.00	Director	$0	$0	$0
TANITRA FLENAUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROSEMARIE COOK-GLOVER	President	21.00	Officer	$0	$0	$0
RONALD SCIPIO	Vice President	5.00	Officer	$0	$0	$0
LORETTA WALKER	Vice President	3.00	Officer	$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
2018	$236,950	$295,835	$4,736	$-58,885