PHILHARMONIC SOCIETY OF NEPA

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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

1971

Legal Domicile

Principal Officer

CHASON GOLDSCHMITZ

Phone

5702704444

Tax Period

2024-07-01 to 2025-06-30

PHILHARMONIC SOCIETY OF NEPA, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $854K in total revenue in fiscal year 2024. Expenses of $758K left a modest 11% surplus.

Mission

THE PROMOTION OF MUSICAL ARTS IN NORTHEASTERN PENNSYLVANIA, THROUGH A SERIES OF PROFESSIONAL CONCERTS, SMALLER PERFORMANCES, AND COMMUNITY OUTREACH FORMUSICAL KNOWLEDGE AND APPRECIATION.

Program Service Accomplishments

Program 1

Expenses: $578,314 Revenue: $183,251

THE SOCIETY CONDUCTED CONCERTS TO PROMOTE THE MUSICAL ARTS IN NORTHEASTERN PENNSYLVANIA. THE SOCIETY ALSO HELD SMALLER PERFORMANCES TO PROMOTE MUSICAL KNOWLEDGE AND APPRECIATION, AND TO GENERATE...

THE SOCIETY CONDUCTED CONCERTS TO PROMOTE THE MUSICAL ARTS IN NORTHEASTERN PENNSYLVANIA. THE SOCIETY ALSO HELD SMALLER PERFORMANCES TO PROMOTE MUSICAL KNOWLEDGE AND APPRECIATION, AND TO GENERATE OUTREACH IN THE COMMUNITY REGARDING 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 (2024)

Revenue Breakdown

Contributions & Grants $625,399

Program Service Revenue $183,251

Investment Income $45,357

Other Revenue $0

TOTAL REVENUE $854,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $505,877

Fundraising Expenses $10,617

Program Expenses $578,314

Other Expenses $251,864

TOTAL EXPENSES $757,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$854,007	$829,166	+0.0%
Expenses	$757,741	$687,683	+0.1%
Net Income	$96,266	$141,483	-0.3%

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

184

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

$149,157

Total Directors

$35,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA DAVIS	CHIEF FINANC	46.00	Officer	$62,265	$0	$62,265
CHASON GOLDSCHMITZ	EXECUTIVE DI	46.00	Officer	$51,392	$0	$51,392
NANCY SANDERSON	EXECUTIVE DI	30.00	Officer Director	$35,500	$0	$35,500
DAVID BRAVMAN	DIRECTOR	3.00	Director	$0	$0	$0
AUDREY BROZENA	DIRECTOR	3.00	Director	$0	$0	$0
ERIN CROFCHICK-GRZYBOSKI	DIRECTOR	3.00	Director	$0	$0	$0
CAROL DEMBERT	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARIA AGATI EDMUNDS	DIRECTOR	3.00	Director	$0	$0	$0
DONALD BROBST ESQ	DIRECTOR	5.00	Director	$0	$0	$0
JOHN FARKAS	DIRECTOR	3.00	Director	$0	$0	$0
CARL WITKOWSKI III	DIRECTOR	3.00	Director	$0	$0	$0
F WARREN BREIG JR	DIRECTOR	3.00	Director	$0	$0	$0
KRISTIN KOSIN	VP, ADMNISTR	7.00	Officer Director	$0	$0	$0
VERA KOWAL KREWSUN	DIRECTOR	3.00	Director	$0	$0	$0
MATTHEW MACKIE	DIRECTOR	3.00	Director	$0	$0	$0
SAMANTHA MALONEY	DIRECTOR	3.00	Director	$0	$0	$0
CARLY MAMMANO	DIRECTOR	3.00	Director	$0	$0	$0
IRA MILLER	DIRECTOR	3.00	Director	$0	$0	$0
CHERYL LYNN MURNIN	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL O'MALLEY	DIRECTOR	3.00	Director	$0	$0	$0
TRICIA RICHARDS-SERVICE	DIRECTOR	3.00	Director	$0	$0	$0
CORTNEY SHEGDA	DIRECTOR	3.00	Director	$0	$0	$0
ADAM THALENFELD	VP, MARKETIN	8.00	Officer Director	$0	$0	$0
RYAN WEBER	DIRECTOR	3.00	Director	$0	$0	$0
MIDORI YAMANOUCHI	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE ZIKE	VP, DEVELOPM	8.00	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	$854,007	$757,741	$714,903	$96,266
2024	$829,166	$687,683	$589,229	$141,483
2023	$578,493	$622,720	$519,661	$-44,227
2022	$432,729	$518,390	$523,363	$-85,661
2021	$370,264	$215,025	$693,342	$155,239
2020	$438,149	$368,276	$551,849	$69,873
2019	$565,281	$393,858	$535,422	$171,423
2018	$331,017	$365,307	$543,856	$-34,290
2017	$952,408	$879,154	$483,523	$73,254