WESTCHESTER PHILHARMONIC INC (EIN 222474284) - 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

1983

Legal Domicile

Principal Officer

JOSHUA WORBY

Phone

9146823707

Tax Period

2022-07-01 to 2023-06-30

WESTCHESTER PHILHARMONIC INC, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $394K in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $456K exceeded revenue, resulting in a 16% operating deficit.

Mission

INNOVATIVE CONCERTS WITH A COMMITMENT TO EDUCATION, COMMUNITY, AND DIVERSITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $342,398

Program Service Revenue $51,873

Investment Income $0

Other Revenue $0

TOTAL REVENUE $394,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,904

Fundraising Expenses $0

Program Expenses $132,193

Other Expenses $320,864

TOTAL EXPENSES $455,768

Year-over-Year Comparison

	2022	2021	Change
Revenue	$394,271	$453,551	-0.1%
Expenses	$455,768	$260,601	+0.7%
Net Income	$-61,497	$192,950	-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

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

$96,544

Total Directors

$96,544

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA WORBY	EXECUTIVE & ARTISTIC DIRECTOR	40.00	Officer Director	$96,544	$0	$96,544
NEIL AARON	MEMBER	1.00	Director	$0	$0	$0
TONY AIELLO	MEMBER	1.00	Director	$0	$0	$0
MILLICENT KAUFMAN	CHAIR EMERITA	1.00	Director	$0	$0	$0
CHRISTINA MAURILLO	TREASURER	1.00	Officer Director	$0	$0	$0
JO-ANN GRAHAM	MEMBER	1.00	Director	$0	$0	$0
NUMA ROUSSEVE	CHAIR	4.00	Officer Director	$0	$0	$0
HANNAH SHMERLER	MEMBER	1.00	Director	$0	$0	$0
MURRAY STAHL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA TIBBITTS	MEMBER	1.00	Director	$0	$0	$0
RUTH TOFF	MEMBER	1.00	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	No data	No data	No data	No data
2023	$394,271	$455,768	$45,532	$-61,497
2022	$453,551	$260,601	$176,475	$192,950
2021	$294,458	$192,578	$127,506	$101,880
2020	$455,844	$447,097	$132,193	$8,747
2019	$548,555	$466,945	$83,189	$81,610

WESTCHESTER PHILHARMONIC INC