Erie Philharmonic Inc (EIN 256065898) - 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

1947

Legal Domicile

Principal Officer

Robert Pape

Phone

8144551375

Tax Period

2024-07-01 to 2025-06-30

Erie Philharmonic Inc, founded in 1947, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 11% surplus.

Mission

The mission of the Erie Philharmonic is to strengthen our community and region by providing high quality live orchestra concerts and programs that enrich, entertain and educate people of all ages.

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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 $2,440,490

Program Service Revenue $1,067,247

Investment Income $123,488

Other Revenue $53,837

TOTAL REVENUE $3,685,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,501,634

Fundraising Expenses $157,020

Program Expenses $2,544,192

Other Expenses $1,770,168

TOTAL EXPENSES $3,297,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,685,062	$2,865,974	+0.3%
Expenses	$3,297,302	$3,173,017	+0.0%
Net Income	$387,760	$-307,043	-2.3%

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

247

Volunteers

300

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

$87,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Meyer	Music Director	30.00	Highest	$136,110	$0	$136,110
Robert Pape	Executive Director	60.00	Officer	$0	$0	$0
Amy Denlinger	Finance Director	60.00	Officer	$52,000	$0	$52,000
Steven Weiser	Former Executive Director	0.00	Officer	$20,525	$0	$20,525
Thomas Brooks	Interim Executive Director	40.00	Officer	$14,850	$0	$14,850
See attached	list	1.00	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
2025	$3,685,062	$3,297,302	$5,048,806	$387,760
2024	No data	No data	No data	No data
2023	$2,449,748	$2,931,892	$4,552,607	$-482,144
2022	$3,795,866	$2,697,659	$4,718,520	$1,098,207
2021	$2,304,109	$1,206,411	$4,500,246	$1,097,698
2020	$2,491,157	$1,815,745	$2,690,353	$675,412

Erie Philharmonic Inc