Quincy Symphony Orchestra

Nonprofit profile at a glance

EIN
370859239
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Quincy, IL, USA
Phone
2172222856
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$494,940
Expenses
$406,152
Assets
$687,796
Liabilities
$5,943

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

Leadership & pay

20 people listed

Executive titles in this filing

  • LOREE KORB (PRESIDENT)

Highest reported compensation

  • JANE POLETT (EXECUTIVE DI): $77,700 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 bring fine symphonic orchestral and choral music to the people of quincy and the surrounding area, to provide organizations for local musicians to perform such music, and to create and support programs that encourage young musicians to continue fostering their interest and skills in symphonic and choral music.

What it reported doing in 2024

Symphony orchestra and chorus educates the public on the study and culture of instrumental and vocal music. Performed 11 concerts from october to may. Provided free admission for age 18 and under to all concerts (292 children). Orchestra performed major works including dvorak new world symphony, kodaly hary janos suite, a concert of american composers, and performances by violin, cimbalom and horn soloists. Commissioned a photo slide show to accompany music of aaron copland. Chorus performed fall & spring concerts, and joined the orchestra for the holiday pops. Orchestra performed free educational concerts for over 3100 students from adams and 11 rural counties. Commissioned and premiered a new work for orchestra by james romig. Presented a special community concert in celebration of adams county bicentennial, including an all-faiths community chorus and the premiere of a new symphony.

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 98% 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 - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 85
  • Accountability: 63
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 81.2%; rating input score 81
  • Fundraising efficiency: $340.44 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 80.1%; rating input score 80; 48th percentile among comparable filings
  • 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: 1 of 8 controls in place; rating input score 12
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.9%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.69; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 19.1%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 81.2% of spending went to programs
  • Governance: 19 of 19 board members independent · 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $330K in reported program spending
  • Leadership: top reported pay $78K · 20 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 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.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.