Civic Intelligence

Wenatchee Valley Symphony Association

990 • Fiscal year 2020 • EIN 23-7108001

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 11, 2021

PO Box 3423Wenatchee, WA 98807

(509) 888-0543

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

31st percentile

-7.1%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$33,335

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

34th percentile

-4.1%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

-11%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$169,557

Down $7,318 (-4.1%) from 2019

Net Assets

Down

$163,959

Down $12,277 (-7.0%) from 2019

Liabilities

Up

$5,598

Up $4,959 (+776%) from 2019

Revenue

Down

$175,566

Down $22,394 (-11%) from 2019

Expenses

Up

$188,076

Up $8,917 (+5.0%) from 2019

Net Income

Down

-$12,510

Down $31,311 (-167%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $138,118Liabilities 2012: $0Net Assets 2012: $138,1182012Assets 2013: $158,666Liabilities 2013: $836Net Assets 2013: $157,8302013Assets 2014: $192,540Liabilities 2014: $235Net Assets 2014: $192,3052014Assets 2015: $209,423Liabilities 2015: $1,593Net Assets 2015: $207,8302015Assets 2016: $186,475Liabilities 2016: $2,186Net Assets 2016: $184,2892016Assets 2017: $161,594Liabilities 2017: $1,776Net Assets 2017: $159,8182017Assets 2018: $163,315Liabilities 2018: $4,548Net Assets 2018: $158,7672018Assets 2019: $176,875Liabilities 2019: $639Net Assets 2019: $176,2362019Assets 2020: $169,557Liabilities 2020: $5,598Net Assets 2020: $163,9592020Assets 2021: $204,291Liabilities 2021: $681Net Assets 2021: $203,6102021Assets 2022: $284,987Liabilities 2022: $681Net Assets 2022: $284,3062022Assets 2023: $501,370Liabilities 2023: $679Net Assets 2023: $500,6912023Assets 2024: $245,808Liabilities 2024: $2,094Net Assets 2024: $243,7142024

Highlighted filing

2020

Assets$169,557
Liabilities$5,598
Net Assets$163,959

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $46,373Expenses 2012: $38,952Net Income 2012: $7,4212012Revenue 2013: $108,568Expenses 2013: $101,550Net Income 2013: $7,0182013Revenue 2014: $128,183Expenses 2014: $111,233Net Income 2014: $16,9502014Revenue 2015: $167,356Expenses 2015: $150,744Net Income 2015: $16,6122015Revenue 2016: $188,469Expenses 2016: $204,364Net Income 2016: -$15,8952016Revenue 2017: $193,728Expenses 2017: $231,321Net Income 2017: -$37,5932017Revenue 2018: $175,371Expenses 2018: $180,680Net Income 2018: -$5,3092018Revenue 2019: $197,960Expenses 2019: $179,159Net Income 2019: $18,8012019Revenue 2020: $175,566Expenses 2020: $188,076Net Income 2020: -$12,5102020Revenue 2021: $124,859Expenses 2021: $119,572Net Income 2021: $5,2872021Revenue 2022: $275,672Expenses 2022: $165,204Net Income 2022: $110,4682022Revenue 2023: $423,450Expenses 2023: $260,467Net Income 2023: $162,9832023Revenue 2024: $296,421Expenses 2024: $322,316Net Income 2024: -$25,8952024

Highlighted filing

2020

Revenue$175,566
Expenses$188,076
Net Income-$12,510
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 11, 2021
Return Version
2019v5.1
Gross Receipts
$175,566
Mission and Program Overview

Mission

T0 culturally enrich the communities of north central washington through music performance, outreach, and education.

To culturally enrich the communities of North Central Washington through music performance, outreach and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,537$26,092▼ $1,445
Savings and Temporary Cash Investments$2,839$305▼ $2,534
Land, Buildings, and Equipment, Net$137--
Total Assets$176,875$169,557▼ $7,318
Other Assets Total$146,362$143,160▼ $3,202
Liabilities
Deferred Revenue-$5,075-
Accounts Payable and Accrued Expenses$639--
Other Liabilities-$523-
Total Liabilities$639$5,598▲ $4,959
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$176,236$163,959▼ $12,277
Total Net Assets Fund Balance$176,236$163,959▼ $12,277
Total Liabilities and Net Assets / Fund Balance$176,875$169,557▼ $7,318

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,119$4,119
Other Assets Org$143,160--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ronald P BerminghamManaging DirectorFT$33,335$33,335

Board Members and Trustees

NameTitle
Larry McCrackenPresident
Marc HemingerVice President & Treasurer
Marva Lee McCrackenMember
William RowleyMember
Revenue and Support

Revenue Composition

Contributions and Grants
$73,882
Program Service Revenue
$96,134
Investment Income
$5,550
Other Revenue
$0
All Other Contributions
$69,228
Change in Net Assets
$-12,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,618
Salaries, Compensation, and Employee Benefits$29,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$69,959$4,883-$74,842
Current Officers, Directors, Trustees, and Key Employees$16,304$10,869-$27,173
Other Expenses$26,340--$26,340
Advertising$9,222$6,169-$15,391
All Other Expenses$5,227$1,937-$7,164
Occupancy$1,896$2,844-$4,740
Office Expenses$2,128$2,338-$4,466
Travel-$2,612-$2,612
Fees for Services Accounting-$2,567-$2,567
Insurance$947$1,420-$2,367
Payroll Taxes$914$1,371-$2,285
Fees for Services Management$569$853-$1,422
Fees for Service Investment Mgmnt Fees-$577-$577
Total Functional Expenses$149,636$38,440$0$188,076
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Tax$523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Larry McCracken and Marva Lee McCracken have a familial relationship

Form 990 governing body review Part VI line 11

The Treasurer provides the 990 to the board for vote and review before signing.

CEO executive director top management comp Part VI line 15A

The board researches other orchestras and votes as a group to determine compensation.

Other officer or key employee compensation Part VI line 15B

The board researches other orchestras and votes as a group to determine compensation

Governing documents etc available to public Part VI line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wenatchee Valley Symphony Association
EIN
23-7108001
Address
PO Box 3423, Wenatchee, WA 98807

Signing Officer

Name
Larry McCracken
Title
President
Phone
5093938462
Signed
2021-01-11
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
8

Preparer

Firm
Veritas Accounting Solutions PLLC
Address
200 Palouse St Suite 101, Wenatchee, WA 98801
Preparer
Ceinwyn Rudnick
Phone
5098880543
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Concert Fees:Program ServicesExpense: $69,959. Mangement and General: $4,883.Fundraising:Total: $74,842.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012958
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96480
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0891807
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt03998
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt03160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03964
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt07566
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt019588
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01014
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt03071
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt04085
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0168417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0192587
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0169367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0197625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0183399
IRS990ScheduleA/Total509Grp/TotalAmt0911395
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0168417
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0198407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0172182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0199803
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0185544
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0924353
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04119
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04119
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0143160
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial Interest of Investments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Held At Community Foundation of NCW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Payroll Tax
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0143160
IRS990ScheduleD/TotalLiabilityAmt0523
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Larry McCracken and Marva Lee McCracken have a familial relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer provides the 990 to the board for vote and review before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board researches other orchestras and votes as a group to determine compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board researches other orchestras and votes as a group to determine compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Concert Fees:Program ServicesExpense: $69,959. Mangement and General: $4,883.Fundraising:Total: $74,842.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0176875
IRS990/TotalAssetsEOYAmt0169557
IRS990/TotalAssetsGrp/BOYAmt0176875
IRS990/TotalAssetsGrp/EOYAmt0169557
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt073882
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038440
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0149636
IRS990/TotalFunctionalExpensesGrp/TotalAmt0188076
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0639
IRS990/TotalLiabilitiesEOYAmt05598
IRS990/TotalLiabilitiesGrp/BOYAmt0639
IRS990/TotalLiabilitiesGrp/EOYAmt05598
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0176236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163959
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0149636
IRS990/TotalProgramServiceRevenueAmt096134
IRS990/TotalReportableCompFromOrgAmt033335
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101684
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175566
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0169557
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt02612
IRS990/TravelGrp/TotalAmt02612
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0wwww.wenatcheesymphony.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Larry McCracken
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05093938462
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wenatchee Valley Symphony Association
ReturnHeader/Filer/BusinessNameControlTxt0WENA
ReturnHeader/Filer/EIN0237108001
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3423
ReturnHeader/Filer/USAddress/CityNm0Wenatchee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098807
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Veritas Accounting Solutions PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 Palouse St Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wenatchee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098801
ReturnHeader/PreparerPersonGrp/PhoneNum05098880543
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ceinwyn Rudnick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.02$2.44$2.96$3.22$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.01$5.01$4.23$2.60$1.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.01$2.84$2.76$1.65$1.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.01$2.04$1.25$1.20$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.06$1.64$1.76$1.88$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.01$1.76$1.98$1.79$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.05$1.59$1.75$1.81$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.02$1.60$1.94$2.31$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.86$0.02$1.84$1.88$2.04$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.02$2.08$1.67$1.51$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.92$1.28$1.11$0.17
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.01$1.58$1.09$1.02$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.46$0.39$0.07