Foundation for the Long Beach Symphony

EIN: 953950515 501(c)(3) Arts, Culture & Humanities

Long Beach, CA

Total Revenue
$109,870
Total Expenses
$226,137
Total Assets
$2,871,929
Net Assets
$2,871,829
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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
1985
Legal Domicile
CA
Principal Officer
Roger Goulette
Phone
5624363203
Tax Period
2023-07-01 to 2024-06-30

Foundation for the Long Beach Symphony, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 342% from the prior year, signaling strong growth momentum. Expenses of $226K exceeded revenue, resulting in a 106% operating deficit.

Mission

TO SUPPORT AND MAINTAIN THE LONG BEACH SYMPHONY ASSOCIATION.

Program Service Accomplishments

Program 1
Expenses: $172,541

TO DEVELOP AND PROMOTE PUBLIC INTEREST IN THE LONG BEACH SYMPHONY ORCHESTRA AND ITS ACTIVITIES. IN ADDITION, THE FOUNDATION ALSO SOLICITS AND COLLECTS CONTRIBUTIONS TO SUPPORT THE LONG BEACH SYMPHONY...

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TO DEVELOP AND PROMOTE PUBLIC INTEREST IN THE LONG BEACH SYMPHONY ORCHESTRA AND ITS ACTIVITIES. IN ADDITION, THE FOUNDATION ALSO SOLICITS AND COLLECTS CONTRIBUTIONS TO SUPPORT THE LONG BEACH SYMPHONY ASSOCIATION.

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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 $60,277
Program Service Revenue $0
Investment Income $49,593
Other Revenue $0
TOTAL REVENUE $109,870

Expense Breakdown

Grants Paid $172,541
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $172,541
Other Expenses $53,596
TOTAL EXPENSES $226,137

Year-over-Year Comparison

2023 2022 Change
Revenue $109,870 $24,839 +3.4%
Expenses $226,137 $140,301 +0.6%
Net Income $-116,267 $-115,462 +0.0%
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

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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
4
$111,117
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL BALIMBIN Vice President of Finance 2.0
Officer
$0 $14,692 $111,117
JOHN BURKHOLDER PRESIDENT 1.0
Officer Director
$0 $0 $0
JAMES C RICHARDS SECRETARY 1.0
Officer Director
$0 $0 $0
Margaret Smith Treasurer 1.0
Officer Director
$0 $0 $0
Brian Buchanan Board Member 1.0
Director
$0 $0 $0
Becky Cool Board Member 1.0
Director
$0 $0 $0
Cindy Costello Board Member 1.0
Director
$0 $0 $0
Roger Goulette Board Member 1.0
Director
$0 $0 $0
John Hancock Board Member 1.0
Director
$0 $0 $0
Paulette Matson Board Member 1.0
Director
$0 $0 $0
Sandor Mayuga Board Member 1.0
Director
$0 $0 $0
Randy Mizer Board Member EFF. 2024 1.0
Director
$0 $0 $0
Anna Salusky Board Member 1.0
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 $109,870 $226,137 $2,871,929 $-116,267
2023 $24,839 $140,301 $2,753,200 $-115,462
2022 $613,796 $127,550 $2,690,370 $486,246
2021 $117,425 $117,655 $2,899,269 $-230
2021 $117,425 $117,655 $2,899,269 $-230
2020 $769,967 $108,114 $2,453,989 $661,853
2019 $487,418 $133,566 $2,062,764 $353,852
2018 $100,477 $102,105 $1,673,889 $-1,628
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