DR PHILLIPS CENTER FOR THE PERFORMING ARTS INC (EIN 200695917) - 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

2003

Legal Domicile

Phone

4078390119

Tax Period

2023-07-01 to 2024-06-30

DR PHILLIPS CENTER FOR THE PERFORMING ARTS INC, founded in 2003, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $61.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $58.4M left a modest 5% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO BE AN INSPIRATIONAL PLACE WHERE PEOPLE LOVE TO BE. WE ARE A CREATIVE PERFORMING ARTS CENTER THAT ENHANCES AND ENRICHES THE CENTRAL FLORIDA COMMUNITY THROUGH OUR PERFORMANCE PROGRAMMING, COMMUNITY ENGAGEMENT AND EDUCATIONAL PROGRAMS.

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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 $8,234,771

Program Service Revenue $53,140,997

Investment Income $1,338,385

Other Revenue $-1,205,188

TOTAL REVENUE $61,508,965

Expense Breakdown

Grants Paid $50,500

Salaries & Benefits $14,232,771

Fundraising Expenses $4,021,038

Program Expenses $49,887,474

Other Expenses $44,140,773

TOTAL EXPENSES $58,424,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,508,965	$67,603,143	-0.1%
Expenses	$58,424,044	$58,265,959	+0.0%
Net Income	$3,084,921	$9,337,184	-0.7%

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

411

Volunteers

287

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

$1,494,327

Total Directors

$785,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMUND TIMBERLAKE	CHAIRMAN/EXECUTIVE COMMITTEE MEMBER	5.0	Officer Director	$0	$0	$0
KATHERINE RAMSBERGER	CEO & PRESIDENT	60.0	Officer Director	$760,369	$24,979	$785,348
SIBILLE PRITCHARD	VICE CHAIR/EXECUTIVE COMMITTEE MEMBER	5.0	Officer Director	$0	$0	$0
ANIL DESHPDANDE	BOARD MEMBER	1.0	Director	$0	$0	$0
CAROL MASSEY	BOARD MEMBER	1.0	Director	$0	$0	$0
CHARLES STEINMETZ	EXECUTIVE COMMITTEE MEMBER	2.0	Director	$0	$0	$0
CHRISTOPHER MCCULLION	EXECUTIVE COMMITTEE MEMBER (THRU 02/2024)	2.0	Director	$0	$0	$0
CRAIG USTLER	EXECUTIVE COMMITTEE MEMBER	2.0	Director	$0	$0	$0
DONALD AMMERMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
FRANK SANTOS	BOARD MEMBER (AS OF 03/2024)	1.0	Director	$0	$0	$0
GARRY JONES	BOARD MEMBER	1.0	Director	$0	$0	$0
HAROLD MILLS	BOARD MEMBER	1.0	Director	$0	$0	$0
HARVEY KOBRIN	BOARD MEMBER	1.0	Director	$0	$0	$0
HEATHER FAGAN	BOARD MEMBER (AS OF 03/2024)	1.0	Director	$0	$0	$0
IRVING MATTHEWS	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES PUGH	CHAIR EMERITUS	0.5	Director	$0	$0	$0
JAMES SHAPIRO	BOARD MEMBER	1.0	Director	$0	$0	$0
JAY MADARA	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFFREY BITTENBINDER	EXECUTIVE COMMITTEE MEMBER	2.0	Director	$0	$0	$0
JERRY DEMINGS	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN DYER	BOARD MEMBER	1.0	Director	$0	$0	$0
JONATHAN TAYLOR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH CONTE	BOARD MEMBER	1.0	Director	$0	$0	$0
JOYCE GREEN	EXECUTIVE COMMITTE MEMBER	2.0	Director	$0	$0	$0
LINDA CHAPIN	EXECUTIVE COMMITTEE MEMBER	2.0	Director	$0	$0	$0
STEVE MILLER	BOARD MEMBER	1.0	Director	$0	$0	$0
TRICIA EDRIS	BOARD MEMBER	1.0	Director	$0	$0	$0
WILLIAM OROSZ	EXECUTIVE COMMITTEE MEMBER	2.0	Director	$0	$0	$0
CECILIA KELLY	CFO & TREASURER	60.0	Officer	$353,023	$15,968	$368,991
SPENCER TONG	EVP, OPERATIONS & SECRETARY	60.0	Officer	$320,398	$19,590	$339,988
ALEXIS JACKSON	VP, DEVELOPMENT	60.0	Highest	$218,466	$18,503	$236,969
CLAUDIA NUNN	SR. DIRECTOR, PRODUCTION	60.0	Highest	$176,457	$17,631	$194,088
MARY BETH HARCARUFKA	VP, PEOPLE & CULTURE	60.0	Highest	$223,414	$11,178	$234,592
SAMUEL LABBAN	SR. DIRECTOR, FINANCE	60.0	Highest	$176,776	$24,388	$201,164
SHERI PETERSON	VP, MARKETING (THRU 11/23)	60.0	Highest	$221,253	$12,223	$233,476

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	$61,508,965	$58,424,044	$48,093,117	$3,084,921
2023	$67,603,143	$58,265,959	$50,308,417	$9,337,184
2022	$42,590,459	$40,562,803	$39,392,847	$2,027,656
2021	$23,068,254	$13,865,724	$72,410,407	$9,202,530
2020	$31,835,470	$30,494,814	$81,641,541	$1,340,656
2019	$45,334,498	$41,965,949	$81,541,511	$3,368,549
2018	$41,754,665	$37,241,955	$76,906,668	$4,512,710

DR PHILLIPS CENTER FOR THE PERFORMING ARTS INC