Hartford Symphony posts positive fiscal results

Posted on: November 20, 2017

“The Hartford Symphony Orchestra is back on solid financial footing two years after a bitter labor dispute during which management said musicians had to take a significant pay cut or the symphony would shut down,” writes Russell Blair in Thursday’s (11/16) Hartford Courant (CT). “After successive annual deficits exceeding $590,000, the nonprofit ended its most recent fiscal year with a modest $39,958 surplus, according to its annual report published this week. ‘Financially, the Hartford Symphony has turned a corner,’ executive director Steve Collins and Jeff Verney, chairman of the organization’s board of directors, wrote in the report.… Steve Wade, an oboist with the symphony, said the report ‘says a lot about our organization and its value to the Greater Hartford region. We well know that we face many continuing challenges.… Yet we also continue to share the HSO’s most important goals.’ … Donations—which amounted to 55 percent of the symphony’s $4.4 million in revenue last fiscal year ending Aug. 31—increased for the third straight year.… Expenses were reduced year over year by 10 percent.… A capital campaign … will kick off in the spring. The goal now is to string together multiple successful years like this past one.”

Posted November 20, 2017

Pictured: The Hartford Symphony Orchestra and Music Director Carolyn Kuan