Civic Intelligence

Toledo Alliance for the Performing Arts

EIN 34-4005365 • 501(c)3 • Toledo, OH

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Profile

The toledo alliance for the performing arts exists to sustain a working community of performing artists in our area who perpetuate the experience of superb musical and dance performances and education for all people.

1838 Parkwood AvenueToledo, OH 43604

www.toledosymphony.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.20x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.62x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

44th percentile

2.4%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$28,478,277

Up $7,020,045 (+33%) from 2023

Liabilities

Up

$5,690,860

Up $4,598,008 (+421%) from 2023

Net Assets

Up

$22,787,417

Up $2,422,037 (+12%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin44th percentile

Revenue

Down

$9,135,936

Down $809,882 (-8.1%) from 2023

Expenses

Up

$8,916,780

Up $948,767 (+12%) from 2023

Net Income

Down

$219,156

Down $1,758,649 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $17,774,733Liabilities 2010: $1,890,779Net Assets 2010: $15,883,9542010Assets 2011: $18,291,171Liabilities 2011: $1,784,846Net Assets 2011: $16,506,3252011Assets 2012: $18,489,656Liabilities 2012: $1,685,551Net Assets 2012: $16,804,1052012Assets 2013: $18,767,567Liabilities 2013: $1,493,855Net Assets 2013: $17,273,7122013Assets 2014: $21,225,151Liabilities 2014: $1,408,876Net Assets 2014: $19,816,2752014Assets 2015: $21,456,503Liabilities 2015: $1,158,073Net Assets 2015: $20,298,4302015Assets 2016: $19,555,611Liabilities 2016: $1,218,186Net Assets 2016: $18,337,4252016Assets 2017: $20,777,000Liabilities 2017: $1,259,975Net Assets 2017: $19,517,0252017Assets 2018: $20,318,715Liabilities 2018: $1,022,080Net Assets 2018: $19,296,6352018Assets 2020: $19,341,694Liabilities 2020: $1,352,201Net Assets 2020: $17,989,4932020Assets 2021: $24,676,048Liabilities 2021: $952,108Net Assets 2021: $23,723,9402021Assets 2022: $21,510,978Liabilities 2022: $879,200Net Assets 2022: $20,631,7782022Assets 2023: $21,458,232Liabilities 2023: $1,092,852Net Assets 2023: $20,365,3802023Assets 2024: $28,478,277Liabilities 2024: $5,690,860Net Assets 2024: $22,787,4172024

Highlighted filing

2024

Assets$28,478,277
Liabilities$5,690,860
Net Assets$22,787,417
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,752,1262010Expenses 2011: $5,856,7452011Expenses 2012: $5,793,3832012Expenses 2013: $5,789,1432013Revenue 2014: $5,850,325Expenses 2014: $5,363,293Net Income 2014: $487,0322014Revenue 2015: $6,050,204Expenses 2015: $5,547,373Net Income 2015: $502,8312015Revenue 2016: $4,532,257Expenses 2016: $5,822,752Net Income 2016: -$1,290,4952016Revenue 2017: $6,838,108Expenses 2017: $6,534,395Net Income 2017: $303,7132017Revenue 2018: $6,464,782Expenses 2018: $6,362,845Net Income 2018: $101,9372018Revenue 2020: $7,651,375Expenses 2020: $6,779,684Net Income 2020: $871,6912020Revenue 2021: $6,839,703Expenses 2021: $5,101,807Net Income 2021: $1,737,8962021Revenue 2022: $7,106,815Expenses 2022: $7,431,366Net Income 2022: -$324,5512022Revenue 2023: $9,945,818Expenses 2023: $7,968,013Net Income 2023: $1,977,8052023Revenue 2024: $9,135,936Expenses 2024: $8,916,780Net Income 2024: $219,1562024

Highlighted filing

2024

Revenue$9,135,936
Expenses$8,916,780
Net Income$219,156
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,478,277
Liabilities
$5,690,860
Net assets
$22,787,417
Revenue
$9,135,936
Expenses
$8,916,780
Net income
$219,156
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.5$5.69$22.8$9.14$8.92$0.22
2023Detailed filing. Detailed filing data is available for this year.$21.5$1.09$20.4$9.95$7.97$1.98
2022Detailed filing. Detailed filing data is available for this year.$21.5$0.88$20.6$7.11$7.43$0.32
2021Detailed filing. Detailed filing data is available for this year.$24.7$0.95$23.7$6.84$5.10$1.74
2020Detailed filing. Detailed filing data is available for this year.$19.3$1.35$18.0$7.65$6.78$0.87
2018Detailed filing. Detailed filing data is available for this year.$20.3$1.02$19.3$6.46$6.36$0.10
2017Detailed filing. Detailed filing data is available for this year.$20.8$1.26$19.5$6.84$6.53$0.30
2016Detailed filing. Detailed filing data is available for this year.$19.6$1.22$18.3$4.53$5.82$1.29
2015Detailed filing. Detailed filing data is available for this year.$21.5$1.16$20.3$6.05$5.55$0.50
2014Detailed filing. Detailed filing data is available for this year.$21.2$1.41$19.8$5.85$5.36$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$1.49$17.3$5.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$1.69$16.8$5.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$1.78$16.5$5.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$1.89$15.9$5.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$12,641,994
Mission and Program Overview

Mission

To sustain a working community of musical artists who perpetuate the experience of superb musical performances and continuous musical education for all people.

The toledo alliance for the performing arts exists to sustain a working community of performing artists in our area who perpetuate the experience of superb musical and dance performances and education for all people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,478,191$18,320,757▲ $842,566
Land, Buildings, and Equipment, Net$285,542$4,761,144▲ $4,475,602
Pledges and Grants Receivable$750,575$2,188,608▲ $1,438,033
Savings and Temporary Cash Investments$1,741,987$1,484,254▼ $257,733
Cash and Non-Interest-Bearing Accounts$388,110$677,031▲ $288,921
Accounts Receivable$271,413$532,237▲ $260,824
Prepaid Expenses and Deferred Charges$131,371$134,908▲ $3,537
Total Assets$21,458,232$28,478,277▲ $7,020,045
Other Assets Total$411,043$379,338▼ $31,705
Liabilities
Accounts Payable and Accrued Expenses$406,736$4,827,065▲ $4,420,329
Deferred Revenue$537,431$755,254▲ $217,823
Other Liabilities$148,685$108,541▼ $40,144
Total Liabilities$1,092,852$5,690,860▲ $4,598,008
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,226,932$13,258,588▲ $3,031,656
Net Assets Without Donor Restrictions$10,138,448$9,528,829▼ $609,619
Total Net Assets Fund Balance$20,365,380$22,787,417▲ $2,422,037
Total Liabilities and Net Assets / Fund Balance$21,458,232$28,478,277▲ $7,020,045

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,883,116$769,197$3,652,313
Land$1,680,000-$1,680,000
Equipment$188,528$1,078,287$1,266,815
Leasehold Improvements$9,500$65,611$75,111

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$18,621,614$311,070▲ $2,563,873$2,224,195$19,238,550
2022$18,245,105$256,125▲ $1,739,719$1,581,700$18,621,614
2021$20,784,043$389,836▼ $2,052,332$865,986$18,245,105
2020$16,507,094$1,416,322▲ $4,637,552$785,682$21,736,845
2019$17,359,691$50,968▲ $493,794$1,361,708$16,507,094
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Zachary VassarPresident & CEOFT$190,000$27,863$217,863
Brett LoneyVP DevelopmentFT$121,009$21,217$142,226
Vanessa GardnerVP DevelopmentFT$95,616$8,417$104,033
Randi DierVP FinanceFT$79,876$8,358$88,234

Board Members and Trustees

NameTitle
Steven M CavanaughBoard Chair
Patrick BowePast Chair
Marna RamnathVice -chair
C Allen McconnelTrustee
Charles StockingTrustee
Chris BourellTrustee
Chris MurphyTrustee
Clarence R Smith JrTrustee
Dave White JrTrustee
David TigheTrustee
Deanne Gorun BakerTrustee
Desmond L StroohTrustee
Elaine CanningTrustee
Faye RochonTrustee
Floyd AkinsTrustee
Frank JacobsTrustee
Harley KripkeTrustee
James AdamsTrustee
Jane WurthTrustee
Jeanne DewittTrustee
Jenny ColuccioTrustee
Joann PhippsTrustee
Jodi GrahamTrustee
Joel BerenTrustee
Joel JergerTrustee
John H BursonTrustee
John ReynoldsTrustee
John S SzuchTrustee
Jonathan OrserTrustee
Joseph SferraTrustee
Josh CooperTrustee
Judy GorunTrustee
Julie Waidelich-robertsTrustee
Kathleen DavisTrustee
Kristin HuntTrustee
Lance WoodworthTrustee
Lauren Graham BourellTrustee
Leena HammudaTrustee
Louis E TosiTrustee
Matt PaskietTrustee
Matthew McqueenTrustee
Melissa FreemanTrustee
Michael EllisonTrustee
Michael H ThamanTrustee
Michael McculloughTrustee
Mo SheehanTrustee
Olivia SummonsTrustee
Pam Bard SteelTrustee
Pam HershbergerTrustee
Rebecca ShopeTrustee
Renee GoubeauxTrustee
Richard a KarcherTrustee
Ronald RybarczykTrustee
Saga ShoffnerTrustee
Samuel ChangTrustee
Sara SmithTrustee
Shelli JacobsTrustee
Stephanie Wang JarosTrustee
Susan CondaTrustee
Susan PalmerTrustee
Teanya Norwood-ekweenaTrustee
Tim Van TuinenTrustee
Todd FisterTrustee
Traci Watkins MdTrustee
William B MathisTrustee
William R McdonnellTrustee
Kimberly HowardSecretary
Jennifer CoyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Productions Alain TrudelConductor7081 RUE MARQUETTE, Montreal, QUEBEC, Ca$239,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,162,002
Program Service Revenue
$2,265,033
Investment Income
$519,025
Other Revenue
$189,876
All Other Contributions
$5,951,118
Change in Net Assets
$219,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,054,395
Revenue Not Reported on Financial Statements
$81,541
Revenue Not Reported on Form 990
$2,202,881
Other Revenue Adjustments
$42,977
Total Revenue per Audited Statements
$11,257,276
Total Revenue per Form 990
$9,135,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,751,980
Other Expenses$3,085,276
Total Fundraising Expense$640,431
Grants and Similar Amounts Paid$79,524
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,069,430$230,988$198,092$4,498,510
Occupancy$332,746$154,994-$487,740
Current Officers, Directors, Trustees, and Key Employees$50,265$199,092$212,158$461,515
Other Employee Benefits$386,231$15,945$13,771$415,947
Payroll Taxes$287,773$30,304$29,336$347,413
Advertising$240,470--$240,470
Fees for Services Other$97,356$57,460-$154,816
All Other Expenses$113,379-$36,392$149,771
Interest-$131,167-$131,167
Office Expenses$11,746$33,944$58,284$103,974
Depreciation Depletion-$82,289$14,082$96,371
Other Expenses$94,172$40,124$77,758$94,172
Grants to Domestic Individuals$79,524--$79,524
Travel$59,214$12,404-$71,618
Insurance$18,549$30,912-$49,461
Fees for Service Investment Mgmnt Fees-$38,564-$38,564
Pension Plan Contributions$25,970$2,067$558$28,595
Royalties$12,632--$12,632
Total Functional Expenses$7,055,976$1,220,373$640,431$8,916,780

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,916,780
Expenses per Audited Statements$8,835,239
Total Expenses per Audited Statements$8,835,239
Expenses Not Reported on Financial Statements$81,541
Other Expense Adjustments$42,977
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,193
Fundraising Direct Expenses$30,231
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parties of Note$38,370$13,880$249$13,631
Tea With Clara$17,720$3,788$519$3,269
Total Events$81,615$43,193$30,231$12,962
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$99,972
Financing Lease Liability$8,569
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“All members of the executive committee also serve as board members. The executive committee is led by the chairman of the board. The executive committee acts as the working committee of the board, approving decisions brought to them by the managing staff of the organization or the finance committee of the organization. Once the executive commitee approves an action it is taken to the board for final approval.”

Form 990, Part VI, Section A, Line 2

“Deanna gorun baker is the daughter of judy gorun and lauren bourell and chris bourell are married. All serve as trustees to the organization.”

Form 990, Part VI, Section B, Line 11B

“The v.p. Of finance, the president and ceo along with the board treasurer review the entire 990 in detail before presenting to the finance committee. It is then reviewed with the finance committee 990. Before it is filed, it is made available to the entire board for review.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is given to all board members. It is an agenda item at each meeting. It is asked that any member who has a conflict of interest act in a manner consistent with the policy.”

Form 990, Part VI, Section B, Line 15

“The president/ceo has a contract which details the salary. The contracted salary is determined by key people of the board, i.e. Chairman and vice chairman. Other officer compensation is determined by the president/ceo and key members of the board during the hiring process of a key employee. Once hired, key employees receive annual adjustments based on organization's annual plan. This process was last completed in 2024.”

Form 990, Part VI, Section C, Line 18

“GUIDESTAR”

Form 990, Part VI, Section C, Line 19

“Toledo alliance of the performing arts' audited financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Toledo Alliance for the Performing Arts
EIN
34-4005365
Phone
4192411272
Address
1838 PARKWOOD AVENUE, TOLEDO, OH 43604
Doing Business As
Toledo Symphony Toledo Ballet

Signing Officer

Name
Zachary Vassar
Title
President
Phone
4192411272
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Vassar
Formed
1951
Legal Domicile
Oh
Voting Board Members
68
Independent Board Members
68
Employees
346
Volunteers
90

Preparer

Firm
Cliftonlarsonallen Llp
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Jonathan Richards
Phone
4197942000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“To provide long-term operating stability to the exempt organization in order to preserve the musical asset.”

PART X, LINE 2:

“Tapa is a not-for-profit organization exempt from income tax under section 501(c)(3) of the internal revenue code and is exempt from similar state and local taxes. Consequently, no provision for income tax is required. Tapa determined that it was not required to record a liability related to uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Membership dues 2,075. Scholarships 40,902.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Membership dues 2,075. Scholarships 40,902.”

Raw XML AppendixShowing 400 of 1,098 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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