CAROLINA PHILHARMONIC INC (EIN 270741753) - 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

2009

Legal Domicile

Principal Officer

KATHLEEN C WILFORD

Phone

9106870287

Tax Period

2024-07-01 to 2025-06-30

CAROLINA PHILHARMONIC INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $768K in total revenue in fiscal year 2024.

Mission

To perpetuate a lifetime appreciation for music and the arts, by providing opportunities for thousands of local children every year to experience the joy of exceptional music through interactive

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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 $531,022

Program Service Revenue $233,985

Investment Income $1,864

Other Revenue $885

TOTAL REVENUE $767,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,613

Fundraising Expenses $48,440

Program Expenses $305,387

Other Expenses $518,860

TOTAL EXPENSES $815,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,756	N/A	N/A
Expenses	$815,473	$605	+1346.9%
Net Income	$-47,717	$-605	+77.9%

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

100

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

$143,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN C WILFORD	CHAIRMAN OF BOARD	40.00	Officer	$0	$0	$0
JANIE GOULD	DIRECTOR	5.00	Director	$0	$0	$0
DAVID M WOLFF	ARTISTIC DIRECTOR	60.00	Director Highest	$143,599	$0	$143,599
GREG COLLINS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN SAPP	SECRETARY	5.00	Officer	$0	$0	$0
ALAN KANE	DIRECTOR	5.00	Officer	$0	$0	$0
C FOSTER BROWN	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT DEGANGE	TREASURER	5.00	Officer	$0	$0	$0
ALAN BERANEK	DIRECTOR	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
2025	$767,756	$815,473	$52,730	$-47,717
2024	$660,345	$756,234	$79,268	$-95,889
2023	$619,842	$586,735	$175,997	$33,107
2022	$540,396	$491,000	No data	$49,396
2021	$386,716	$332,166	No data	$54,550
2020	$454,569	$445,887	$95,022	$8,682

CAROLINA PHILHARMONIC INC