ENCORE SERIES INC (EIN 232996689) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

TO PROVIDE CULTURAL EVENTS SUCH AS CONCERTS AND SPECIAL MUSICAL PERFORMANCES IN THE GREATER PHILADELPHIA AREA AND EDUCATE THE GENERAL PUBLIC ABOUT MUSIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$120,498

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK GIORDANO	PRESIDENT (THRU FEB 2023)	2.00	Officer Director	$0	$0	$0
KAREN CORBIN	COO (PRESIDENT & CEO EFF 3/23)	40.00	Officer Director	$116,538	$3,960	$120,498
JOSEPH DEL RASO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TONY MAHON	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN J MEKO JR	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLEY E WIDGER	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROL EGGERT	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL DILELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID MARION	GENERAL COUNSEL	2.00	Director	$0	$0	$0
DANIEL FITZPATRICK	BOARD MEMBER	2.00	Director	$0	$0	$0
DENISE VIOLA MONAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DERMID KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
DINO PETRONGOLO	BOARD MEMBER	2.00	Director	$0	$0	$0
DOMINIC CAGLIOTI	BOARD MEMBER	2.00	Director	$0	$0	$0
DR ALI A HOUSHMAND	BOARD MEMBER	2.00	Director	$0	$0	$0
GREG MONTANARO	BOARD MEMBER	2.00	Director	$0	$0	$0
HARRY D MADONNA	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES DEVER	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES MATOUR ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JON C SIRLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE GILMORE RICHARDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARC A LUCCA	FINANCE COMMITTEE CHAIR	2.00	Director	$0	$0	$0
MERYL LEVITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA CYR	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILLIP RINALDI	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT DONIO	BOARD MEMBER	2.00	Director	$0	$0	$0
ROLLO A DILWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN PETERS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN MIGNOGNA	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY ALLES	AUDIT COMMITTEE CHAIR	2.00	Director	$0	$0	$0
WILBERT D ABELE	BOARD 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
2022	$7,440,930	$6,657,493	$786,076	$783,437
2021	$1,289,473	$1,840,176	$1,054,546	$-550,703
2020	$4,971,752	$5,614,164	$1,540,248	$-642,412
2020	$5,371,183	$5,491,294	$964,962	$-120,111
2019	$5,545,070	$5,972,574	$994,090	$-427,504
2018	$5,773,315	$5,547,900	$1,102,315	$225,415

ENCORE SERIES INC