ENCORE SERIES INC

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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

1999

Legal Domicile

Principal Officer

KAREN CORBIN

Phone

2158931900

Tax Period

2021-07-01 to 2022-06-30

ENCORE SERIES INC, founded in 1999, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2021. Revenue surged 477% from the prior year, signaling strong growth momentum. Expenses of $6.7M left a modest 11% surplus.

Mission

ENCORE SERIES INC. IS THE PRESENTER OF THE PHILLY POPS, A NON-PROFIT ORCHESTRA DEDICATED TO BOTH LARGE AND SMALLER SCALE PERFORMANCES THAT FEATURE AMERICAN POPULAR MUSIC OFTEN PRESENTED ON HOLIDAYS OF AMERICAN TRADITION. IN ADDITION, THE PHILLY POPS PRESENTS POPSINSCHOOLS, A PARTNERSHIP IN THE MAIN WITH THE SCHOOL DISTRICT OF PHIALDELPHIA, WHICH PROVIDES SUPPLEMENTAL MUSIC EDUCATION ON LOCATION AT SCHOOLS AND COMMUNITY CENTERS IN THE PHILADELPHIA AREA.

Program Service Accomplishments

Program 1

Expenses: $5,159,690 Revenue: $2,968,475

THE 21/22 SEASON, FY22, SAW THE POPS ORCHESTRA RETURN TO ITS SUBSCRIPTION SERIES AND CHRISTMAS SERIES FOLLOWING THE PANDEMIC. THE POPS PERFORMED THIRTY TIMES AT ITS LONGTIME HOME, THE KIMMEL CENTER, AS COMPARED TO NONE IN FY21. SUPPORTED BY CONTRIBUTED REVENUE, THE POPS ALSO PERFORMED ITS SALUTE SERIES, DEDICATED TO HONORING THE SERVICE COMMUNITY, WITH THREE LARGE SCALE SALUTE CONCERTS FREE TO HELP FIRST RESPONDER AUDIENCES TO CELEBRATE MEMORIAL DAY, INDEPENDENCE WEEK AND CHRISTMAS, AS WELL AS A SMALLER SET OF ACTIVITIES FOR VETERANS' DAY. POPSINSCHOOLS RETURNED TO THE CLASSROOM AFTER A PANDEMIC YEAR AND A HALF AS A DIGITAL OFFERING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,509,838

Program Service Revenue $2,958,551

Investment Income $0

Other Revenue $-27,459

TOTAL REVENUE $7,440,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,188,867

Fundraising Expenses $527,870

Program Expenses $5,159,690

Other Expenses $4,419,126

TOTAL EXPENSES $6,657,493

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,440,930	$1,289,473	+4.8%
Expenses	$6,657,493	$1,840,176	+2.6%
Net Income	$783,437	$-550,703	-2.4%

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

208

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

$120,498

Total Directors