Elkhart County Symphony Assoc Inc
Nonprofit profile at a glance
- EIN
- 510181701
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Elkhart, IN, USA
- Phone
- 5742931087
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $239,488
- Expenses
- $236,672
- Assets
- $113,447
- Liabilities
- $29,217
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- WAYNE STUBBS (PRESIDENT)
Highest reported compensation
- DEBRA INGLEFIELD (MEMBER): $2,630 total reported compensation
- SHARON STAUFFER (VICE PRESIDE): $1,655 total reported compensation
- KYLE WEIRICH (MEMBER): $1,310 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community orchestra whose mission is to engage, educate, and inspire the diverse elkhart county community through meaningful and enriching musical experiences.
What it reported doing in 2024
The symphony performs five full orchestra concerts each season, three of which are performed in the orchestras' home, the lerner theatre, one is performed outdoors in the wellfield botanic gardens and one more is performed in sauder hall at the goshen college music center in goshen. In addition, symphony small ensembles perform a four-concert series in conjunction with the elkhart public library featuring music and a shared book reading by library staff for "young people of all ages". The symphony library series is provided free of admission charge as a public service of the elkhart public library and the symphony. Also, our small ensembles perform as requested across elkhart county for civic, corporate and private occasions. During the past season, between fifteen and twenty small ensemble performances were held within the county. Last season the symphony collaborated with the goshen theater to perform a concert version of the "cole porter celebrations." the symphony's total attendance for the 2024-25 season was just under 6000. The audiences is representative of all ages, with special encouragement to youth and their families as "guests of the symphony."
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: $82.81 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 87.2% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $206K in reported program spending
- Leadership: top reported pay $3K · 13 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.