Binghamton Philharmonic Inc (EIN 161066518) - 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

1975

Legal Domicile

Principal Officer

Paul Cienniwa

Phone

6077226717

Tax Period

2024-07-01 to 2025-06-30

Binghamton Philharmonic Inc, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $919K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

The Binghamton Philharmonic is a professional symphony orchestra dedicated to providing our region with performances of live classical music by artists of incomparable talent; we make great music accessible to all.

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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 $490,304

Program Service Revenue $354,191

Investment Income $41,659

Other Revenue $32,814

TOTAL REVENUE $918,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $566,524

Fundraising Expenses $149,027

Program Expenses $665,919

Other Expenses $400,671

TOTAL EXPENSES $967,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$918,968	$848,659	+0.1%
Expenses	$967,195	$882,091	+0.1%
Net Income	$-48,227	$-33,432	+0.4%

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

174

Volunteers

106

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

$75,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Cienniwa	Executive Dir.	40.00	Officer	$75,068	$0	$75,068
Jeff Cull	Director	1.00	Director	$0	$0	$0
Mary O'Malley Trumble	Past President	1.00	Director	$0	$0	$0
Ann Yeager	Director	1.00	Director	$0	$0	$0
Brianna Nazarenko	Director	1.00	Director	$0	$0	$0
Debby Epstein	Director	1.00	Director	$0	$0	$0
Alison Dura	Director	1.00	Director	$0	$0	$0
Barry John	Director	1.00	Director	$0	$0	$0
Maureen Wilson	Past President	1.00	Director	$0	$0	$0
Steve Machlin	Director	1.00	Director	$0	$0	$0
Melissa Kritzer	Director	1.00	Director	$0	$0	$0
Olwen Searles	Director	1.00	Director	$0	$0	$0
Ken Turner	Director	1.00	Director	$0	$0	$0
Olivia Mckan	JR Board Member	1.00	Director	$0	$0	$0
Charlie Ostrander	JR Board Member	1.00	Director	$0	$0	$0
Jud Spena	Director	1.00	Director	$0	$0	$0
Keith Alcius Rundell	Director	1.00	Director	$0	$0	$0
Nicole Rouhana	Director	1.00	Director	$0	$0	$0
Greg Carpenter	Treasurer	5.00	Officer	$0	$0	$0
Rebecca Lane	President	5.00	Officer	$0	$0	$0
Katherine Winckler	Vice President	5.00	Officer	$0	$0	$0
Megan Curinga	Secretary	5.00	Officer	$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	$918,968	$967,195	$1,771,897	$-48,227
2024	$848,659	$882,091	$1,596,609	$-33,432
2023	$1,571,939	$772,092	$1,531,395	$799,847
2022	$916,670	$720,950	$541,990	$195,720
2021	$478,270	$390,558	$392,917	$87,712
2020	$598,323	$628,179	$336,809	$-29,856
2019	$797,651	$1,085,821	$338,245	$-288,170
2018	$763,629	$916,596	$583,214	$-152,967

Binghamton Philharmonic Inc