Ocala Symphony Orchestra Inc

Nonprofit profile at a glance

EIN
591581448
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Ocala, FL, USA
Phone
3523511606
Rating
83
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$3,003,076
Expenses
$3,293,435
Assets
$8,110,166
Liabilities
$3,466,119

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Natalie McComb (Executive Director)

Highest reported compensation

  • Natalie McComb (Executive Director): $96,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create cultural experiences and educational opportunities for our community through music. This includes symphony orchestra performances and other live entertainment at the Reilly Arts Center and the Marion Theatre in Downtown Ocala.

What it reported doing in 2024

The Ocala Symphony Orchestra is one of Marion Countys most established, and longstanding, cultural organizations. We operate a performing arts venue, the Reilly Arts Center, the Marion Theatre, a historic 1941 theatre located in Downtown Ocala, and a music school. The organization offers a variety of ways for the community to experience live music and the performing arts. The Ocala Symphony Orchestra presented its 49th season in fiscal year 2024-2025 with 12 full orchestra subscription series concerts, several themed concerts and the 35th Annual Young Artist Competition in January. Student enrollment continues to grow at the Community Music Conservatory, with more than 125 active students of all ages. Through donor support, need based scholarships were awared for youth to take lessons offered by our professional teachers and musicians. As a year-round presenting venue, the Reilly Arts Center produced 125 concerts and events throughout the year, welcoming more than 50,000 patrons.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 93
  • Accountability: 79
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $3.75 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 5th 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.7%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2.46; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 9.6% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 85.6% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $96K · 13 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.