PALM SPRINGS FRIENDS OF PHILHARMONIC (EIN 237369948) - 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

1974

Legal Domicile

Principal Officer

LARRY PITTS

Phone

7603411013

Tax Period

2024-07-01 to 2025-06-30

PALM SPRINGS FRIENDS OF PHILHARMONIC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $447K, a strong 23% operating margin.

Mission

PROVIDING CLASSICAL MUSIC TO THE AREA AND PROVIDE FUNDS FOR CHARITABLE PURPOSES AND SCHOLARSHIPS.

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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 $1,125,665

Program Service Revenue $676,385

Investment Income $157,685

Other Revenue $20,260

TOTAL REVENUE $1,979,995

Expense Breakdown

Grants Paid $65,075

Salaries & Benefits $202,260

Fundraising Expenses $98,671

Program Expenses $1,393,109

Other Expenses $1,265,863

TOTAL EXPENSES $1,533,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,979,995	$1,778,962	+0.1%
Expenses	$1,533,198	$1,558,023	0.0%
Net Income	$446,797	$220,939	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY PITTS	Treasurer	1.00	Officer Director	$0	$0	$0
BERNICE GREENE	Director	1.00	Director	$0	$0	$0
LOIS DARR	Director	1.00	Director	$0	$0	$0
MILES BENICKES	Director	1.00	Director	$0	$0	$0
DR DAVID KO	Director	1.00	Director	$0	$0	$0
ROBERTA HOLLAND	Secretary	1.00	Officer Director	$0	$0	$0
SOL CERA	Director	1.00	Director	$0	$0	$0
CAROL LEWIS	Director	1.00	Director	$0	$0	$0
JOSEPH H STEIN JR	Director	1.00	Director	$0	$0	$0
JOHN N FOX	Vice President	1.00	Officer Director	$0	$0	$0
JOANN G WELLNER	Director	1.00	Director	$0	$0	$0
DOUGLAS STEWART	President	1.00	Officer Director	$0	$0	$0
SUSAN PALM	Director	1.00	Director	$0	$0	$0
PAMELA CHANTER	Vice President	1.00	Officer Director	$0	$0	$0
KATHLEEN EBERHARDT	Vice President	1.00	Officer 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	$1,979,995	$1,533,198	$4,512,246	$446,797
2024	$1,778,962	$1,558,023	$3,677,695	$220,939
2023	$1,374,866	$1,225,604	$3,491,430	$149,262
2022	$1,981,695	$1,085,730	$3,209,278	$895,965
2021	$195,504	$336,979	$2,007,002	$-141,475
2020	$999,647	$1,021,514	$2,332,676	$-21,867
2019	$1,099,060	$967,419	$2,454,492	$131,641

PALM SPRINGS FRIENDS OF PHILHARMONIC