GARDEN STATE PHILHARMONIC SYMPHONY SOCIETY INC (EIN 226062769) - 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

1957

Legal Domicile

Phone

7322550460

Tax Period

2019-07-01 to 2020-06-30

GARDEN STATE PHILHARMONIC SYMPHONY SOCIETY INC, founded in 1957, is a small nonprofit that reported $203K in total revenue in fiscal year 2019. Revenue decreased 15% compared to the prior year. Expenses of $174K left a modest 14% surplus.

Mission

To maintain and operate a professional level symphony orchestra at the Jersey Shore; to give concerts of cultural and educational value in and for the community; and to foster such related activities that will encourage interest in and appreciation of music.

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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 (2019)

Revenue Breakdown

Contributions & Grants $116,465

Program Service Revenue $71,950

Investment Income $77

Other Revenue $14,392

TOTAL REVENUE $202,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,811

Fundraising Expenses $5,185

Program Expenses $101,680

Other Expenses $67,543

TOTAL EXPENSES $174,354

Year-over-Year Comparison

	2019	2018	Change
Revenue	$202,884	$239,373	-0.2%
Expenses	$174,354	$268,170	-0.3%
Net Income	$28,530	$-28,797	-2.0%

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

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

$15,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA HOOPENGARDNER	FINANCE DIRECT.	8.00	Officer	$14,381	$0	$14,381
GABRIELLA HEIZLER	Executive Dir.	20.00	Officer	$1,000	$0	$1,000
KAREN PORCELLO	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
LAUREN M DOOLEY ESQ	Imm. Past Pres.	2.00	Director	$0	$0	$0
NANCY MEZEY PHD	President	2.00	Officer Director	$0	$0	$0
LYNDA E RABENS	Secretary	2.00	Officer Director	$0	$0	$0
KEN WOMACK	Vice President	2.00	Officer Director	$0	$0	$0
JUDITH G LEONE	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
ESTELLE BRODKEY	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
RITA KEARNEY	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
JAMES BUFFUM	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
KENNETH MALAGIERE	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
RENEE LOMELL	At-Large Member	2.00	Director	$0	$0	$0
KAREN DIEHL	Treasurer	2.00	Officer Director	$0	$0	$0
ANN MARIE BAKER	At-Large Member	2.00	Director	$0	$0	$0
ROSALIE HARVEY	AT-LARGE MEMBER	2.00	Director	$0	$0	$0
LINDA ABRAMSON	AT-LARGE MEMBER	2.00	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
2020	$202,884	$174,354	$26,070	$28,530
2019	$239,373	$268,170	$38,378	$-28,797
2018	$287,417	$275,010	$59,738	$12,407

GARDEN STATE PHILHARMONIC SYMPHONY SOCIETY INC