Federal Way Symphony
Nonprofit profile at a glance
- EIN
- 237310860
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Federal Way, WA, USA
- Phone
- 2532522693
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $184,404
- Expenses
- $151,761
- Assets
- $53,738
- Liabilities
- $3,118
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KATHI VILLARUZ (PRESIDENT)
- BARB CIESLEK (VICE PRESIDENT)
- BRANDON JENKINS-MOAK (PAST PRESIDENT)
People named in this filing
- KATHI VILLARUZ (PRESIDENT)
- BARB CIESLEK (VICE PRESIDENT)
- JOHN GIBSON (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide the finest in live symphonic music to entertain, educate, and enrich audiences of all ages to bring high-quality approachable music to the south sound region.
What it reported doing in 2024
The federal way symphony presented concerts and program activities supporting the federal way symphony's mission.
Operating model
- Revenue model
- Donor-supported. 69% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 93
- Sustainability: 53
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.9%; rating input score 61
- Program expense ratio: 74%; rating input score 74
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 17.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -12.6% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 60.9% of revenue deployed · 74% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $112K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.