EVANSVILLE PHILHARMONIC ORCHESTRAL

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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

1934

Legal Domicile

Principal Officer

KIMBERLY BREDEMEIER

Phone

8124255050

Tax Period

2024-06-01 to 2025-05-31

EVANSVILLE PHILHARMONIC ORCHESTRAL, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $4.9M represent 31 months of operating reserves.

Mission

TO PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $704,859 Revenue: $782,125

ARTISTIC PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUTTING ON CONCERTS THROUGHOUT THE SEASON, WITH A FOCUS ON ARTISTIC PERSONNEL. ON THE REVENUE SIDE THIS INCLUDES ALL FUNDING...

ARTISTIC PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUTTING ON CONCERTS THROUGHOUT THE SEASON, WITH A FOCUS ON ARTISTIC PERSONNEL. ON THE REVENUE SIDE THIS INCLUDES ALL FUNDING THAT SUPPORTS THE GUEST ARTISTS, ARTISTS, ARTISTIC PERSONNEL, AND SPONSORSHIP AND GRANTS FOR THE CONCERTS THEMSELVES. ON THE EXPENSE SIDE THIS INCLUDES ALL EXPENSES RELATED TO ARTISTIC PERSONNEL.

Program 2

Expenses: $309,520 Revenue: $522,368

PRODUCTION PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUT ON ON CONCERTS THROUGH THE SEASON, WITH THE FOCUS ON OPERATIONS. ON THE REVENUE SIDE THIS INCLUDES TICKET SALES, OTHER...

PRODUCTION PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUT ON ON CONCERTS THROUGH THE SEASON, WITH THE FOCUS ON OPERATIONS. ON THE REVENUE SIDE THIS INCLUDES TICKET SALES, OTHER PERFORMANCE INCOME AND SUPPORT WITH OUR GUILD. ON THE EXPENSE SIDE, THIS INCLUDES ANNUAL DUES AND SUBSCRIPTIONS, MUSIC LICENSING, PROGRAM NOTES, STAGEHANDS, FACILITY HALL RENTAL FEES, OTHER OPERATIONS PERSONNEL, AND OTHER CONCERT EXPENSES.

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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 $1,203,840

Program Service Revenue $522,368

Investment Income $146,721

Other Revenue $48,443

TOTAL REVENUE $1,921,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,118,949

Fundraising Expenses $296,153

Program Expenses $1,021,529

Other Expenses $891,539

TOTAL EXPENSES $2,010,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,921,372	$2,742,397	-0.3%
Expenses	$2,010,488	$2,017,549	0.0%
Net Income	$-89,116	$724,848	-1.1%

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

293

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

$97,824

Total Directors

$99,851

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER KALIA	MUSIC DIRECT	40.00	Director	$99,851	$0	$99,851
KIMBERLY BREDEMEIER	EXECUTIVE DI	40.00	Officer	$97,824	$0	$97,824
RANDA DOLEH	DIRECTOR	N/A	Director	$0	$0	$0
CAROLINE FAIRBANKS	DIRECTOR	N/A	Director	$0	$0	$0
JILL GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL HOLMES	DIRECTOR	N/A	Director	$0	$0	$0
JANE JOHANSEN	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA MALOTTE	DIRECTOR	N/A	Director	$0	$0	$0
LAURA MATHIS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MUSGRAVE	DEVELOPMENT	N/A	Director	$0	$0	$0
CELINE MESTEL MD PHD	DIRECTOR	N/A	Director	$0	$0	$0
TONY RICKETTS	DIRECTOR	N/A	Director	$0	$0	$0
GEETA RODRIGUES	DIRECTOR	N/A	Director	$0	$0	$0
MONTE SKELTON	DIRECTOR	N/A	Director	$0	$0	$0
PAT VAUGHAN THEBY	DIRECTOR	N/A	Director	$0	$0	$0
HAVI TROFFKIN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN VAUGHAN	TREASURER	N/A	Officer Director	$0	$0	$0
LEE VEAZEY	DIRECTOR	N/A	Director	$0	$0	$0
PAT WELBORN	DIRECTOR	N/A	Director	$0	$0	$0
KIRK WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
SETH ZIRKLE	DIRECTOR	N/A	Director	$0	$0	$0
NICHOLAS GARTNER	PRESIDENT	N/A	Officer	$0	$0	$0
DAVID SCHULTZ MD	VICE PRESIDE	N/A	Officer	$0	$0	$0
LOUIS CADY MD	PAST PRESIDE	N/A	Officer	$0	$0	$0
JIM SPATH	SECRETARY	N/A	Officer	$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	$1,921,372	$2,010,488	$5,371,213	$-89,116
2024	$2,742,397	$2,017,549	$5,031,749	$724,848
2023	$2,101,828	$1,766,025	$4,924,740	$335,803
2022	$1,905,675	$1,647,515	$4,262,599	$258,160
2021	$1,471,396	$1,433,985	$4,622,852	$37,411
2020	$1,396,419	$1,588,886	$3,881,178	$-192,467
2019	$1,839,084	$1,728,841	$3,741,498	$110,243
2018	$1,755,846	$1,911,962	$3,716,545	$-156,116