Lewisville Lake Symphony Association Inc

Nonprofit profile at a glance

EIN: 752323908
IRS 990-EZ coverage: 2012–2024
Forms available: Form 990-EZ 2024
Location: Lewisville, TX, USA
Phone: 9728749087
Rating: 87
Verdict: STRONG
Rating confidence: Moderate
Sector: Symphony Orchestras

Official website

Reported finances

Revenue: $164,809
Expenses: $159,618
Assets: $55,243

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

WRIGHT NANCY (EXECUTIVE DIRECTOR)

People named in this filing

BOHLS SALLY (BOARD MEMBER - ORCHESTRA R)
ABELL SARA (BOARD MEMBER)
ARNEY KIM (BOARD MEMBER)

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

The lewisville lake symphony is dedicated to enhancing the quality of life for people of all ages in north Texas through live and inspiring classical music. The symphony is committed to educating and supporting rising young talent.

What it reported doing in 2024

Operating model

Revenue model: Donor-supported. 80% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 80
Transparency & Controls: 100
Sustainability: 36
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 78.6%; rating input score 79
Program expense ratio: 81.1%; rating input score 81

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 3.1%; rating input score 43; 43rd percentile among comparable filings
Total-asset coverage ratio: 0.35; rating input score 29; 29th percentile among comparable filings
Liabilities to assets ratio: Limited
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; 39th percentile among comparable filings
Revenue growth: 2.4% per year; rating input score 100; 34th percentile among comparable filings
Asset growth: 8.2% per year; rating input score 100; 56th percentile among comparable filings

Details

Where the money goes: 78.6% of revenue deployed · 81.1% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $130K in reported program spending
Leadership: top reported pay $0 · 16 people listed
Consistency: 6 of 6 current checks pass
Schedules: 4 filed schedules
Filing history: 12 filing years from 2012 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.

Moderate — Sustainability: Operating margin scored 43/100.
High — Sustainability: Total-asset coverage ratio scored 29/100.