BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC (EIN 222270540) - 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

DANIEL HART

Phone

7168850331

Tax Period

2023-09-01 to 2024-08-31

BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC, founded in 1979, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION WHOSE PRIMARY PURPOSE IS TO SOLICIT, RECEIVE AND MAINTAIN AN ENDOWMENT FUND FOR THE BENEFIT OF THE BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC. AND TO ASSURE THE CONTINUED AVAILABILITY OF LIVE PERFORMANCE OF SYMPHONIC MUSIC BY PROFESSIONAL MUSICIANS.

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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 $18,740

Program Service Revenue $0

Investment Income $1,604,909

Other Revenue $0

TOTAL REVENUE $1,623,649

Expense Breakdown

Grants Paid $1,754,311

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,754,311

Other Expenses $111,841

TOTAL EXPENSES $1,866,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,623,649	$1,264,552	+0.3%
Expenses	$1,866,152	$1,740,242	+0.1%
Net Income	$-242,503	$-475,690	-0.5%

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

$475,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ZAK	CHAIR	1.00	Officer Director	$0	$0	$0
ALEKS SPELLMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
HOLLY HEJMOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN ARRISON	MEMBER	1.00	Director	$0	$0	$0
THOMAS EMMERLING	MEMBER	1.00	Director	$0	$0	$0
MICHEAL MUNSCHAUER	MEMBER	1.00	Director	$0	$0	$0
JOHN YURTCHUK	MEMBER	1.00	Director	$0	$0	$0
DANIEL HART	EXECUTIVE DIRECTOR	1.00	Officer	$0	$23,750	$341,854
KEVIN JAMES	VP OF FINANCE & ADMINISTRATION	1.00	Officer	$0	$21,215	$133,465

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	$1,623,649	$1,866,152	$41,192,102	$-242,503
2023	$1,264,552	$1,740,242	$36,991,031	$-475,690
2022	$6,684,616	$1,557,476	$34,985,647	$5,127,140
2021	$2,671,215	$1,377,291	$37,548,193	$1,293,924
2020	$1,056,794	$1,218,343	$31,152,281	$-161,549
2019	$772,812	$1,101,946	$28,149,310	$-329,134
2018	$2,645,385	$1,000,309	$28,904,029	$1,645,076

BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC