PHILADELPHIA FOLKSONG SOCIETY INC (EIN 236296972) - 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

Principal Officer

ERIC L RING

Phone

6106091195

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA FOLKSONG SOCIETY INC, founded in 1957, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 454% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 23% operating margin.

Mission

THE PHILADELPHIA FOLKSONG SOCIETY (PFS) IS DEDICATED TO PRESERVING THE PAST, PROMOTING THE PRESENT, AND SECURING THE FUTURE OF FOLK MUSIC AND RELATED FORMS OF EXPRESSION THROUGH EDUCATION, PRESENTATION AND PARTICIPATION

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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 $114,245

Program Service Revenue $1,191,495

Investment Income $0

Other Revenue $23,286

TOTAL REVENUE $1,329,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $320

Program Expenses $965,916

Other Expenses $1,024,273

TOTAL EXPENSES $1,024,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,329,026	$239,858	+4.5%
Expenses	$1,024,273	$190,782	+4.4%
Net Income	$304,753	$49,076	+5.2%

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

N/A

Volunteers

1500

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILES THOMPSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC RING	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WENDY FUHR	SECRETARY	5.00	Officer Director	$0	$0	$0
ERIC ROBBINS	TREASURER	10.00	Officer Director	$0	$0	$0
GEORGE EHRGOTT	BOARD MEMBER	3.00	Director	$0	$0	$0
ROB KUTZIK	BOARD MEMBER	5.00	Director	$0	$0	$0
JESS HULL	BOARD MEMBER	5.00	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
2024	$1,329,026	$1,024,273	$325,359	$304,753
2023	$239,858	$190,782	$130,830	$49,076
2022	$1,501,253	$1,774,690	$146,242	$-273,437
2021	$936,127	$550,157	$529,365	$385,970
2020	$886,020	$767,430	$211,049	$118,590
2019	$1,426,482	$1,813,077	$484,334	$-386,595
2018	$1,479,085	$1,555,316	$630,460	$-76,231

PHILADELPHIA FOLKSONG SOCIETY INC