PHILADELPHIA FESTIVAL OF THE ARTS INC (EIN 232778434) - 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

1994

Legal Domicile

Principal Officer

GREGORY MURPHY

Phone

2158931837

Tax Period

2017-08-01 to 2018-07-31

PHILADELPHIA FESTIVAL OF THE ARTS INC, founded in 1994, is a small nonprofit that reported $447K in total revenue in fiscal year 2017.

Mission

TO PROMOTE THE CULTURAL RICHNESS OF PHILADELPHIA AND TO BRING THE MOST DISTINGUISHED WORK IN THE ARTS TO AUDIENCES IN THE PHILA REGION

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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 (2017)

Revenue Breakdown

Contributions & Grants $446,481

Program Service Revenue $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $446,515

Expense Breakdown

Grants Paid $28,434

Salaries & Benefits $141,211

Fundraising Expenses $37,250

Program Expenses $381,265

Other Expenses $312,765

TOTAL EXPENSES $482,410

Year-over-Year Comparison

	2017	2016	Change
Revenue	$446,515	$423,145	+0.1%
Expenses	$482,410	$432,460	+0.1%
Net Income	$-35,895	$-9,315	+2.9%

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

$97,500

Total Directors

$97,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J PATRICK MORAN	EXECUTIVE DI	40.00	Officer Director	$97,500	$0	$97,500
WILLA J HIGHTOWER	CHAIR	5.00	Officer Director	$0	$0	$0
GREGORY MURPHY	INTERIM EXEC	5.00	Officer Director	$0	$0	$0
ALDUSTUS JORDAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MARGARET CRONAN	DIRECTOR	5.00	Officer Director	$0	$0	$0
DR ELIZABETH DALE	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA GRYMES	DIRECTOR	2.00	Director	$0	$0	$0
SHEILA HESS	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN JACOBSON	DIRECTOR	2.00	Director	$0	$0	$0
REV DR LORINA MARSHALL-BLAKE	DIRECTOR	2.00	Director	$0	$0	$0
LORAINE BALLARD MORRILL	DIRECTOR	2.00	Director	$0	$0	$0
STANFORD L THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ELLYN JO WALLER	DIRECTOR	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
2018	$446,515	$482,410	$88,477	$-35,895

PHILADELPHIA FESTIVAL OF THE ARTS INC