Flagstaff Symphony Association EIN 86-0186038 Form 990 (PDF) Claim this org

Flagstaff Symphony Association

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Enriching, engaging, and inspiring the community with orchestral music performances. For fiscal year 2025 it reported $604K in revenue, $644K in expenses, and $244K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Flagstaff, AZ
Website
www.flagstaffsymphony.org
Filings
6 on file (2020–2025)
Revenue
$604KFY2025
Expenses
$644K
Net assets
$244K
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  86-0186038 Public charity (501(c)(3)) Flagstaff, AZ
Form 990 (PDF)
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Size
$100K–1M
What they do
Enriching, engaging, and inspiring the community with orchestral music performances.
Leadership
Michelle Wachter · Executive Director · $42K
Money in and out
$604K revenue, $644K expenses
Bottom line
81% program efficiency
Where the money goes · FY2025
Total revenue
$604K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$244K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$41K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program efficiency
81%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$604K
FY2025▲ +0.6%
Expenses
$644K
FY2025▲ +1%
Total assets
$421K
FY2025▼ -17%
Total liabilities
$177K
FY2025▼ -21%
Total revenue
$604K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$244K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$41K
Total assetsPt X · Ln 16$421K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlagstaff Symphony Association
EINHdr · item D86-0186038
Principal addressHdr · item CFlagstaff, AZ
WebsiteHdr · item Jwww.flagstaffsymphony.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69Z)
Ruling yearIRS BMFMar 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$41,920Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michelle Wachter’s $42K as Executive Director is at the 37th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephanie Stallings$79,920$71,260$1,250
Larry Lang$79,920$79,920$79,920
Michelle Wachter$41,920

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $524K of program spending, described in the organization's own filed words · FY2024.
01

The three largest program services for the flagstaff symphony association during this fiscal year were (1)a subscription concert series of six concerts performed at ardrey auditorium on the campus of northern arizona university (nau), for a total audience of 7399, (2)AN outdoor fourth of july concert at pepsi amphitheatre, and (3) the…

$524Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$254K · 42%
Contributions & grants$241K · 40%
Other revenue$74K · 12%
Investment income$35K · 6%
Program service revenue42%$254K
Contributions & grants40%$241K
Other revenue12%$74K
Investment income6%$35K
— government grantsLn 1e$14K
Total revenueLn 12$604K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program services81%$524K
Management & general14%$91K
Fundraising5%$29K
Total functional expensesLn 25$644K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$421K
Total liabilitiesLn 26$177K
Total net assetsLn 32$244K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $416K · Operating expenses/yr $644K
7.8 months
Where the money goes
Program services
Program services $524K · Total expenses $644K
81%
Management & General
Management & general $91K · Total expenses $644K
14%
Fundraising
Fundraising $29K · Total expenses $644K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $25K · Solicited contributions (3-yr avg) $215K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $241K · Total revenue $604K
40%
Government reliance
Government grants $14K · Total revenue $604K
2%
Earned-income share
Program service revenue $254K · Total revenue $604K
42%
Investment reliance
Investment income $35K · Total revenue $604K
+6%
Program self-sufficiency
Program service revenue $254K · Total expenses $644K
39%
Growth & trend
Revenue growth (YoY)
This year $604K · Prior year $600K
+0.6%
Revenue CAGR
FY2019 $577K · FY2024 $604K
+0.9%
Net-asset trend (YoY)
End of year $244K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $604K · Expenses $644K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $421K
Net-asset ratio
Net assets $244K · Total assets $421K
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $391K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $421K
93%
People & payroll
Highest Reported Total Compensation
Individual Michelle Wachter · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $42K · Total expenses $644K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $383K · Total expenses $644K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 12%
Revenue growth 0.6%
Investment management fee ratio 0.8%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$36K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$604K revenue · viewing · ⤓ 990 PDF
FY2024$600K revenue · ⤓ 990 PDF
FY2023$517K revenue · ⤓ 990 PDF
FY2022$669K revenue · ⤓ 990 PDF
FY2021$502K revenue · ⤓ 990 PDF
FY2020$577K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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