PHILHARMONIA FOUNDATION C/0 JHPA (EIN 132971607) - 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

MATTHEW H HURLOCK

Phone

5169218900

Tax Period

2023-06-01 to 2024-05-31

PHILHARMONIA FOUNDATION C/0 JHPA, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $181K in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 35% operating margin.

Mission

TO PROMOTE AND ADVANCE EDUCATION AND TO CULTIVATE AND IMPROVE PUBLIC TASTE IN MUSIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,368

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,368

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $0

Fundraising Expenses $3,920

Program Expenses $90,000

Other Expenses $28,762

TOTAL EXPENSES $118,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,368	$96,630	+0.9%
Expenses	$118,762	$339,329	-0.7%
Net Income	$62,606	$-242,699	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW H HURLOCK	PRESIDENT	1.00	Officer	$0	$0	$0
KATHRYN DAVIS	DIRECTOR	0.20	Officer	$0	$0	$0
JOSEPH FIELD	DIRECTOR	0.20	Director	$0	$0	$0
BENJAMIN HILDNER	DIRECTOR	0.20	Director	$0	$0	$0
AMANDA GROVE HOLMEN	DIRECTOR	0.20	Director	$0	$0	$0
SHARON JACOB	DIRECTOR	0.20	Director	$0	$0	$0
LATIFA KOSTA	DIRECTOR	0.20	Director	$0	$0	$0
SERENA LESE	DIRECTOR	0.20	Director	$0	$0	$0
SIR SYDNEY LIPWORTH QC	DIRECTOR	0.20	Director	$0	$0	$0
LADY LIPWORTH CBE	DIRECTOR	0.20	Director	$0	$0	$0
IRENE MAVROYANNIS	DIRECTOR	0.20	Director	$0	$0	$0
SAUL MATHAN	DIRECTOR	0.20	Director	$0	$0	$0
BETSY PITTS	DIRECTOR	0.20	Director	$0	$0	$0
HONORABLE JAY T SNYDER	DIRECTOR	0.20	Director	$0	$0	$0
MRS JAY T SNYDER	DIRECTOR	0.20	Director	$0	$0	$0
ALEXANDER VAN INGEN	DIRECTOR	0.20	Director	$0	$0	$0
DAVID WHELTON	DIRECTOR	0.20	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	No data	No data	No data	No data
2024	$181,368	$118,762	$312,404	$62,606
2023	$89,522	$26,769	$252,898	$62,753
2022	$96,630	$339,329	$230,959	$-242,699
2021	$84,706	$43,933	$551,266	$40,773
2020	$357,785	$35,581	$470,994	$322,204
2019	$65,000	$3,391	$113,353	$61,609

PHILHARMONIA FOUNDATION C/0 JHPA