THE CHICAGO PHILHARMONIC SOCIETY (EIN 363616076) - 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

1988

Legal Domicile

Principal Officer

TERELL JOHNSON

Phone

3129570000

Tax Period

2022-07-01 to 2023-06-30

THE CHICAGO PHILHARMONIC SOCIETY, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO EXCITE, ENGAGE, AND TRANSFORM DIVERSE AUDIENCES WITH THE BEAUTY AND POWER OF MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $403,953

Program Service Revenue $1,934,239

Investment Income $14,669

Other Revenue $0

TOTAL REVENUE $2,352,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,423,409

Fundraising Expenses $202,958

Program Expenses $2,548,396

Other Expenses $612,044

TOTAL EXPENSES $3,035,453

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,352,861	$3,210,456	-0.3%
Expenses	$3,035,453	$2,799,247	+0.1%
Net Income	$-682,592	$411,209	-2.7%

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

328

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

$212,570

Total Directors

$138,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MANNING	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DUFFIE ADELSON	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT EVERSON	VICE CHAIR	1.00	Officer Director	$7,006	$1,382	$8,388
PAUL JUDY	CHAIRMAN EMIRITUS	1.00	Officer Director	$0	$0	$0
JOY THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
LORI ASHIKAWA	BOARD MEMBER	1.00	Director	$10,549	$2,105	$12,654
ANNE BACH	BOARD MEMBER	1.00	Director	$10,934	$2,255	$13,189
ELEANOR BARTSCH	BOARD MEMBER	1.00	Director	$10,058	$2,014	$12,072
JENYCE BOOLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN BRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER CAPPELLI	BOARD MEMBER	1.00	Director	$15,283	$3,196	$18,479
REED CAPSHAW	BOARD MEMBER	1.00	Director	$9,965	$2,098	$12,063
ED CLINTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN DILLINGHAM	BOARD MEMBER	1.00	Director	$2,722	$523	$3,245
CHIMAOBI ENYIA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN FELTZIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZANDRO GARCIA-MONTOYA	BOARD MEMBER	1.00	Director	$10,365	$2,100	$12,465
BARBARA HAFFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN LLOP KASSINGER	BOARD MEMBER	1.00	Director	$18,160	$3,757	$21,917
NEIL KIMEL	BOARD MEMBER	1.00	Director	$7,525	$1,568	$9,093
LYNNE MCDONOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA MILANOVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT NESLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA PLOUCHE	BOARD MEMBER	1.00	Director	$0	$0	$0
KARIN URSIN	BOARD MEMBER	1.00	Director	$12,497	$2,496	$14,993
ERIC WASSENARR	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT WOUTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
FENG XUE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERELL JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$111,898	$13,428	$125,326
NATHANIEL DAVIS	DIRECTOR OF FINANCE	40.00	Officer	$70,407	$8,449	$78,856

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,352,861	$3,035,453	$995,258	$-682,592
2022	$3,210,456	$2,799,247	$1,745,348	$411,209
2021	$1,001,087	$548,174	$1,354,412	$452,913
2020	$2,420,194	$2,419,460	$638,432	$734
2019	$2,989,655	$2,680,960	$622,177	$308,695

THE CHICAGO PHILHARMONIC SOCIETY