THE PASADENA SYMPHONY ASSOCIATION (EIN 956002375) - 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

1932

Legal Domicile

Principal Officer

CHRISTOPHER ANDREW BROWN

Phone

6267937172

Tax Period

2023-10-01 to 2024-09-30

THE PASADENA SYMPHONY ASSOCIATION, founded in 1932, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $6.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

The mission of the Pasadena Symphony Association (PSA) is to provide musical concerts of the highest quality ranging from orchestral performances to world-renowned artists in recital, and to provide the broadest access to youth education programs and the performing arts through community engagement and digital innovation. In the belief that music enriches and transforms the individual and the community, the vision of Pasadena Symphony Association is to serve as a curator of classical, popular and new music with an unwavering pursuit of excellence and inclusion.

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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 $1,235,628

Program Service Revenue $2,884,193

Investment Income $561,707

Other Revenue $430,233

TOTAL REVENUE $5,111,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,430,127

Fundraising Expenses $676,594

Program Expenses $5,902,862

Other Expenses $4,381,347

TOTAL EXPENSES $6,811,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,111,761	$5,397,923	-0.1%
Expenses	$6,811,474	$5,836,538	+0.2%
Net Income	$-1,699,713	$-438,615	+2.9%

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

317

Volunteers

138

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

$181,730

Total Directors

$181,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY BROWN	CHIEF EXECUTIVE OFFICER	40.0	Officer Director	$181,730	$0	$181,730
PRISCILLA MCCLURE	DIRECTOR AT LARGE	0.5	Officer Director	$0	$0	$0
ROBERT MICHERO	PAST PRESIDENT	0.5	Officer Director	$0	$0	$0
KIMBERLY S WINICK	PRESIDENT	0.5	Officer Director	$0	$0	$0
CARL COOPER	BOARD MEMBER	0.5	Director	$0	$0	$0
REGGIE WILSON	VICE PRESIDENT PERSONNEL	0.5	Officer Director	$0	$0	$0
PAMELA ACKRICH	BOARD MEMBER	0.5	Director	$0	$0	$0
FREDDI HILL	BOARD MEMBER	0.5	Director	$0	$0	$0
RAYMOND KEPNER	BOARD MEMBER	0.5	Director	$0	$0	$0
DR ALAN FISHER	BOARD MEMBER	0.5	Director	$0	$0	$0
DR ANNETTE L ERMSHAR	BOARD MEMBER	0.5	Director	$0	$0	$0
ELIZABETH GROSSMAN BESCH	BOARD MEMBER	0.5	Director	$0	$0	$0
CRAIG COLBATH	VP INVESTMENTS	0.5	Officer Director	$0	$0	$0
GREG HOLCOMB	VP COMMUNITY ENGAGEMENT	0.5	Officer Director	$0	$0	$0
LESLIE HOCKETT MARBLE	VP GOVERNANCE & SECRETARY	0.5	Officer Director	$0	$0	$0
STEPHEN MIYABE	BOARD MEMBER	0.5	Director	$0	$0	$0
SHADI SANBAR	DIRECTOR AT LARGE	0.5	Officer Director	$0	$0	$0
ANNELIA SARGENT	BOARD MEMBER	0.5	Director	$0	$0	$0
SANFORD FREY	EXECUTIVE VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
JUDY KOLB	CO-VP DEVELOPMENT	0.5	Officer Director	$0	$0	$0
STEVEN T ROSEN MD	BOARD MEMBER	0.5	Director	$0	$0	$0
VICTORIA SCHWARTZ	BOARD MEMBER	0.5	Director	$0	$0	$0
ANGEL CHEN	BOARD MEMBER	0.5	Director	$0	$0	$0
SUSAN M POSTMAN	BOARD MEMBER	0.5	Director	$0	$0	$0
SHELLEY B THOMPSON	BOARD MEMBER	0.5	Director	$0	$0	$0
MARSHA WILLHITE	BOARD MEMBER	0.5	Director	$0	$0	$0
BAIRD MARBLE	VP FINANCE	0.5	Officer Director	$0	$0	$0
MARYAM SHAH-HOSSEINI	DIRECTOR AT LARGE	0.5	Officer Director	$0	$0	$0
Barbara Steinwedell	CO-VP DEVELOPMENT	0.5	Officer 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
2024	$5,111,761	$6,811,474	$10,107,174	$-1,699,713
2023	$5,397,923	$5,836,538	$10,960,446	$-438,615
2022	$5,924,538	$5,659,992	$10,816,416	$264,546
2021	$4,661,563	$3,865,488	$11,596,205	$796,075
2021	$5,563,647	$3,865,488	$11,596,205	$1,698,159
2020	$2,667,705	$2,759,752	$8,914,688	$-92,047
2019	$4,768,880	$4,520,922	$8,826,296	$247,958
2018	$4,403,022	$4,223,001	$8,114,874	$180,021

THE PASADENA SYMPHONY ASSOCIATION