PHILHARMONIA ASSOCIATION DBA CALIFORNIA PHILHARMONIC ORCHESTRA (EIN 463952262) - 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

2013

Legal Domicile

Principal Officer

ANDRE VENER

Phone

6263040333

Tax Period

2019-01-01 to 2019-12-31

PHILHARMONIA ASSOCIATION DBA CALIFORNIA PHILHARMONIC ORCHESTRA, founded in 2013, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2019. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $566K, a strong 35% operating margin.

Mission

TO SUPPORT FINE ARTS PERFORMANCES OF CLASSICAL MUSIC WITH THE PRESENTATION AND PROMOTION OF VARIOUS MUSICAL PERFORMANCES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,207,535

Program Service Revenue $398,670

Investment Income $53

Other Revenue $5,816

TOTAL REVENUE $1,612,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,627

Fundraising Expenses $0

Program Expenses $773,031

Other Expenses $912,945

TOTAL EXPENSES $1,046,572

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,612,074	$1,011,375	+0.6%
Expenses	$1,046,572	$996,953	+0.0%
Net Income	$565,502	$14,422	+38.2%

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

103

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

$86,176

Total Directors

$86,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE VENER	Executive Dir.	20.00	Officer Director	$86,176	$0	$86,176
KEVIN BAINES	PRESIDENT / CHA	20.00	Officer Director	$0	$0	$0
CALVIN GROSS	TREASURER / DIR	10.00	Officer Director	$0	$0	$0
VICTOR VENER	Director	40.00	Officer Director	$0	$0	$0
JOHN MORIARITY	Director	1.00	Director	$0	$0	$0
ANDRE VENER	Director	20.00	Officer Director	$0	$0	$0
ROB MILLER	Director	1.00	Director	$0	$0	$0
STEWART TODD	Director	1.00	Director	$0	$0	$0
KELLEY NELSON	Director	1.00	Director	$0	$0	$0
VON RAEES	Director	1.00	Director	$0	$0	$0
ROGER WARD	COMPOSER EMERIT	1.00	Director	$0	$0	$0
JOHN DEWIS	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
2019	$1,612,074	$1,046,572	$128,843	$565,502
2018	$1,011,375	$996,953	$57,510	$14,422

PHILHARMONIA ASSOCIATION DBA CALIFORNIA PHILHARMONIC ORCHESTRA