FORT WAYNE PHILHARMONIC ORCHESTRA … - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

CHARLES CAMMACK JR

Phone

2604810770

Tax Period

2024-09-01 to 2025-08-31

FORT WAYNE PHILHARMONIC ORCHESTRA INC, founded in 1944, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.8M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

THE MISSION OF THE PHILHARMONIC IS TO FOSTER AND INSTILL A LIFELONG LOVE OF MUSIC ACROSS THE ORCHESTRAL SPECTRUM THROUGH LIVE PERFORMANCES AND EDUCATIONAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $5,941,708 Revenue: $995,103

THE FORT WAYNE PHILHARMONIC ORCHESTRA IS A CIVIC NOT-FOR-PROFIT ORGANIZATION. OUR PRIMARY FUNCTION IS TO PROVIDE MUSICAL ENTERTAINMENT AND EDUCATION FOR THE COMMUNITY. OUR CONCERT SEASON IS...

THE FORT WAYNE PHILHARMONIC ORCHESTRA IS A CIVIC NOT-FOR-PROFIT ORGANIZATION. OUR PRIMARY FUNCTION IS TO PROVIDE MUSICAL ENTERTAINMENT AND EDUCATION FOR THE COMMUNITY. OUR CONCERT SEASON IS APPROXIMATELY 28 WEEKS LONG. CONCERTS SERVED APPROXIMATELY 37,000 INDIVIDUALS AND EDUCATIONAL PROGRAMS SERVED APPROXIMATELY 40,000 INDIVIDUALS.

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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 $5,233,139

Program Service Revenue $995,103

Investment Income $2,599,898

Other Revenue $-20,335

TOTAL REVENUE $8,807,805

Expense Breakdown

Grants Paid $13,222

Salaries & Benefits $4,803,773

Fundraising Expenses $454,912

Program Expenses $5,941,708

Other Expenses $2,476,973

TOTAL EXPENSES $7,352,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,807,805	$12,140,357	-0.3%
Expenses	$7,352,448	$6,483,011	+0.1%
Net Income	$1,455,357	$5,657,346	-0.7%

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

261

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

$181,171

Total Directors

$69,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY A HALL	PRESIDENT &	40.00	Officer	$175,927	$5,244	$181,171
DENNIS FICK	BOARD MEMBER	26.00	Director	$37,733	$23	$37,756
MICHAEL GALBRAITH	BOARD MEMBER	26.00	Director	$31,944	$0	$31,944
CHARLES CAMMACK JR	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DAVID AMEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROL LINDQUIST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUDY PURSLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE FARMER	SECRETARY	1.00	Officer Director	$0	$0	$0
KARA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
RICK JAMES	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
CLARANN BENGS	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGHAN CAST	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERILL COLVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN CUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN EISBART	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT ELLIOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY FINK	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL FRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE FUHR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HAGERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRY HASSELBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTI HAYS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATY HOBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
FLOYD LANCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN LOECHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR MARINE	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY O'MALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON ROW MD	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SALZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SHADBURNE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL SHUTTLEWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN ZIEMBO	BOARD MEMBER	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	$8,807,805	$7,352,448	$41,955,967	$1,455,357
2024	$12,140,357	$6,483,011	$39,970,604	$5,657,346
2023	$3,934,068	$4,656,687	$31,757,238	$-722,619
2022	$8,770,927	$5,544,254	$31,943,005	$3,226,673
2021	$6,067,577	$3,504,548	$32,272,942	$2,563,029
2020	$5,947,084	$5,466,203	$27,926,694	$480,881
2019	$6,960,819	$5,932,830	$25,772,770	$1,027,989
2018	$10,411,094	$5,761,638	$25,025,411	$4,649,456

FORT WAYNE PHILHARMONIC ORCHESTRA INC