Boston Philharmonic Orchestra Corporation (EIN 042678312) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

Derek Beckvold

Phone

6172360999

Tax Period

2024-07-01 to 2025-06-30

Boston Philharmonic Orchestra Corporation, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 6% surplus.

Mission

The Boston Philharmonic Orchestra Corporation follows a vision of "passionate music making without boundaries" which means presenting top-notch music in a manner that both music aficionados and the casual listener can enjoy.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,008,048

Program Service Revenue $429,917

Investment Income $32,972

Other Revenue $7,803

TOTAL REVENUE $3,478,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,197

Fundraising Expenses $175,763

Program Expenses $2,888,225

Other Expenses $1,965,949

TOTAL EXPENSES $3,265,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,478,740	$3,357,875	+0.0%
Expenses	$3,265,146	$3,897,829	-0.2%
Net Income	$213,594	$-539,954	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

187

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$114,743

Total Directors

$4,018

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derek Beckvold	Managing Director	40.00	Officer	$94,423	$16,302	$110,725
Benjamin Zander	Director and Founder	40.00	Officer Director	$0	$4,018	$4,018
Erik Ryan	Chair	5.00	Officer Director	$0	$0	$0
Andrew Goodearl	Vice Chair	1.00	Officer Director	$0	$0	$0
Janice Forgays	Secretary	1.00	Officer Director	$0	$0	$0
Thomas J Raffa	Vice Chair and Treasurer	4.00	Officer Director	$0	$0	$0
Jerilyn Asher	Director	1.00	Director	$0	$0	$0
Armenne Derderian	Director	1.00	Director	$0	$0	$0
Charles Dornbush	Director	1.00	Director	$0	$0	$0
Geralyn Dreyfous	Director	1.00	Director	$0	$0	$0
Urs Gauchat	Director	1.00	Director	$0	$0	$0
Sung-Dae Hong	Director	1.00	Director	$0	$0	$0
Winfield Perry	Director	1.00	Director	$0	$0	$0
Peter Sheckman	Director	1.00	Director	$0	$0	$0
Richard Trant	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,478,740	$3,265,146	$1,302,569	$213,594
2024	$3,357,875	$3,897,829	$1,024,576	$-539,954
2023	$4,020,385	$4,196,008	$1,519,867	$-175,623
2022	$3,244,291	$3,184,021	$1,622,095	$60,270
2021	$1,903,523	$1,151,477	$1,642,712	$752,046
2020	$2,234,688	$2,266,608	$913,528	$-31,920
2019	$3,034,676	$2,829,496	$813,766	$205,180
2018	$3,124,533	$3,318,571	$564,515	$-194,038

Boston Philharmonic Orchestra Corporation