ORLANDO PHILHARMONIC PLAZA FOUNDAT… - 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

2013

Legal Domicile

Principal Officer

JOANNE GRANT

Phone

4078966700

Tax Period

2024-07-01 to 2025-06-30

ORLANDO PHILHARMONIC PLAZA FOUNDATION INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $2.5M left a modest 10% surplus.

Mission

THE ORLANDO PHILHARMONIC PLAZA FOUNDATION, INC. (THE ORGANIZATION") IS A FLORIDA NONPROFIT CORPORATION RECENTLY FORMED. THE ORGANIZATION HAS BEEN ESTABLISHED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME (THE "CODE"). THE ORGANIZATION SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF A CLASS OF "QUALIFIED ORGANIZATIONS" DESCRIBED IN CODE SECTION 501(C)(3) AND CODE SECTION 509(A)(1) OR (2) THAT ARE ENGAGED IN THE PERFORMING ARTS IN THE ORLANDO, FLORIDA AREA. THE ORGANIZATION SHALL PROMOTE THE GROWTH AND APPRECIATION OF MUSIC AND OTHER PERFORMING ARTS BY ENGAGING IN VARIOUS ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING CONTRIBUTIONS AND OTHER RESOURCES TO QUALIFIED ORGANIZATIONS ENGAGED IN THE PERFORMING ARTS IN THE ORLANDO, FLORIDA AREA. SPECIFICA

Program Service Accomplishments

Program 1

Expenses: $2,511,823

THE PLAZA LIVE THEATRE: A NEW ERA FOR THE PHILHARMONIC THE ORLANDO PHILHARMONIC IS PERHAPS THE FIRST AMERICAN ORCHESTRA TO USE A CONTEMPORARY MUSIC VENUE AS A WAY TO REACH NEW AUDIENCES AND SUSTAIN THE ORGANIZATION. OUR NEW PLAZA HOME GIVES US AN OPPORTUNITY TO EXPAND OUR PROGRAMMING AS WELL AS PROVIDE NEEDED FACILITIES: AN IMPROVED VENUE FOR SMALLER PHILHARMONIC CONCERTS, AN APPROPRIATE REHEARSAL FACILITY FOR THE ORCHESTRA, ADEQUATE OFFICE, STORAGE AND MUSIC LIBRARY SPACE, AND FREE PARKING.

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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 $0

Program Service Revenue $2,807,116

Investment Income $-10,277

Other Revenue $0

TOTAL REVENUE $2,796,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,178,616

Fundraising Expenses $0

Program Expenses $2,511,823

Other Expenses $1,333,207

TOTAL EXPENSES $2,511,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,796,839	$8,159,050	-0.7%
Expenses	$2,511,823	$7,516,625	-0.7%
Net Income	$285,016	$642,425	-0.6%

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

118

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE GRANT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SCHILLHAMMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSIE DYER	SECRETARY	1.00	Officer Director	$0	$0	$0
AL MICHEJDA	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
KIMRA MAJOR-MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
IAN ROBINSON	DIRECTOR	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	$2,796,839	$2,511,823	$7,888,542	$285,016
2024	$8,159,050	$7,516,625	$8,330,462	$642,425
2023	$3,132,079	$3,066,293	$7,971,645	$65,786
2022	$3,037,687	$1,667,338	$1,972,566	$1,370,349
2021	$342,110	$671,332	$758,292	$-329,222
2020	$-4,550,693	$1,305,515	$788,923	$-5,856,208
2019	$1,636,433	$1,888,127	$9,475,266	$-251,694
2018	$1,787,042	$2,570,033	$9,717,346	$-782,991

ORLANDO PHILHARMONIC PLAZA FOUNDATION INC