The 12/15/2016 edition of the Nashville Scene published an article by John Pitcher. The article reports that per the Nashville Symphony Orchestra’s (NSO) most recent audit, the organization posted a modest surplus. That, in and of itself, wouldn’t be breaking news but when taken into context with the previous year’s $732,000 deficit, the organization managed to increase revenue by just over $1mm.
If you recall, during the 2012/13 season, the organization teetered on the brink of beleaguered status. They were dealing with the byproduct of predatory lending tactics from Bank of America which, in turn, triggered a series of labor disputes. Long story short, they managed to emerge from that dung heap smelling far better than peers in similar situations and in August, 2013 they managed to avoid a work stoppage.
So, from that perspective, the recent figures project a stronger position than what may be otherwise interpreted based on the most recent audit figures alone. All of which is a very good thing.
And who doesn’t like good news around the holidays?