BUFFALO PHILHARMONIC ORCHESTRA SOCIETY INC (EIN 160755739) - 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

1936

Legal Domicile

Principal Officer

DANIEL HART

Phone

7168850331

Tax Period

2023-09-01 to 2024-08-31

BUFFALO PHILHARMONIC ORCHESTRA SOCIETY INC, founded in 1936, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.8M in total revenue in fiscal year 2023.

Mission

THE BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC. PRODUCES SYMPHONIC MUSIC FOR THE CULTURAL BENEFIT OF THE BUFFALO, NEW YORK AREA, INCLUDING ARTISTIC EDUCATION PROGRAMS FOR AREA YOUTH.

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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 $8,506,576

Program Service Revenue $4,563,210

Investment Income $38,451

Other Revenue $686,777

TOTAL REVENUE $13,795,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,485,906

Fundraising Expenses $825,265

Program Expenses $11,684,881

Other Expenses $3,826,818

TOTAL EXPENSES $14,312,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,795,014	$13,950,774	0.0%
Expenses	$14,312,724	$14,536,521	0.0%
Net Income	$-517,710	$-585,747	-0.1%

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

442

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

$475,319

Total Directors

$341,854

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT STENCLIK	CHAIR	5.00	Officer Director	$0	$0	$0
ANNE CONABLE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN ZAK	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM KEEFER	SECRETARY	5.00	Officer Director	$0	$0	$0
BRENDA FELDSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
NICKOLE GARRISON	TRUSTEE	1.00	Director	$0	$0	$0
MATT LOW	TRUSTEE	1.00	Director	$0	$0	$0
RONALD LUCZAK	TRUSTEE	1.00	Director	$0	$0	$0
KYLE MORGAN	TRUSTEE	1.00	Director	$0	$0	$0
ERIN PERADOTTO TERHAAR	TRUSTEE	1.00	Director	$0	$0	$0
CORINNE RICE	TRUSTEE	1.00	Director	$0	$0	$0
REV MELODY I RUTHERFORD	TRUSTEE	1.00	Director	$0	$0	$0
RICARDO SAEB	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SAXON	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN G SCHULZE PHD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SEDITA	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SPERRAZZA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE STANDISH	TRUSTEE	1.00	Director	$0	$0	$0
REV JONATHAN STAPLES	TRUSTEE	1.00	Director	$0	$0	$0
DAVID STARK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN YURTCHUK	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN B EDGE	EX-OFFICIO	1.00	Director	$0	$0	$0
ALLAN C RIPLEY	EX-OFFICIO	1.00	Director	$0	$0	$0
JOANN FALLETTA	EX-OFFICIO	1.00	Director	$0	$0	$0
JONATHAN BORDAN	TRUSTEE	1.00	Director	$0	$0	$0
MARK HODGES	TRUSTEE	1.00	Director	$0	$0	$0
ROMAN MEKINULOV	TRUSTEE	1.00	Director	$0	$0	$0
FILIPE PEREIRA	TRUSTEE	1.00	Director	$0	$0	$0
DIANA SACHS	TRUSTEE	1.00	Director	$0	$0	$0
HENRY WARD	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL HART	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer Director	$318,104	$23,750	$341,854
KEVIN JAMES CPA	V.P. OF FINANCE & ADMINISTRATION	40.00	Officer	$112,250	$21,215	$133,465
JENNIFER BARBEE	DIRECTOR OF DEVELOPMENT	40.00	Highest	$140,537	$5,601	$146,138
ARTHUR CHOOI	CONCERT MASTER	40.00	Highest	$144,218	$20,344	$164,562
TRAVIS ESTES	VICE PRESIDENT, MARKETING & COMMUNICATIONS	40.00	Highest	$104,149	$10,631	$114,780

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
2024	$13,795,014	$14,312,724	$12,846,718	$-517,710
2023	$13,950,774	$14,536,521	$12,777,211	$-585,747
2022	$12,785,292	$13,097,726	$13,884,495	$-312,434
2021	$13,394,584	$10,343,361	$15,185,404	$3,051,223
2020	$13,436,191	$11,490,043	$10,338,368	$1,946,148
2019	$14,523,360	$12,507,861	$9,686,322	$2,015,499
2018	$12,346,590	$12,497,869	$7,603,714	$-151,279

BUFFALO PHILHARMONIC ORCHESTRA SOCIETY INC