Lubbock Symphony Orchestra Inc
Nonprofit profile at a glance
- EIN
- 756001993
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Lubbock, TX, USA
- Phone
- 8067621688
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $2,239,249
- Expenses
- $1,953,909
- Assets
- $6,384,474
- Liabilities
- $580,813
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
44 people listed
Executive titles in this filing
- STEPHANIE ROGERS (LSG PRESIDENT)
- GALEN WIXSON (PRESIDENT & CED)
Highest reported compensation
- GALEN WIXSON (PRESIDENT & CED): $128,143 total reported compensation
- DAVID CHO (LSO MUSIC DIRECTOR): $123,653 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the lubbock symphony orchestra is to enrich the greater community we serve through quality symphonic performances and educational experiences.
What it reported doing in 2024
The concert season included both a classical and chamber series with special concerts from time to time. These concerts provide cultural activities for the entire south plains region with over 14,000 in attendance.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 most voting board members are independent. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 92
- Accountability: 68
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.3%; rating input score 66
- Program expense ratio: 60.7%; rating input score 61
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.7%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 3.27; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 66.3% of revenue deployed · 60.7% of spending went to programs
- Governance: 49 of 49 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $128K · 44 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 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: 6 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 23/100.