NATIONAL PHILHARMONIC ORCHESTRA AN… - 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

2003

Legal Domicile

Principal Officer

JIM KELLY

Phone

3014939283

Tax Period

2024-07-01 to 2025-06-30

NATIONAL PHILHARMONIC ORCHESTRA AND CHORALE OF MONTGOMERY COUNTY INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

The National Philharmonic engages, inspires, and unites diverse communities across the Washington, DC area through outstanding music performances and innovative education programs.

Program Service Accomplishments

Program 1

Expenses: $1,560,304

The National Philharmonic (NatPhil) engages, inspires, and unites diverse communities across the metropolitan Washington, DC area, including Central and Eastern Maryland, the District of Columbia...

The National Philharmonic (NatPhil) engages, inspires, and unites diverse communities across the metropolitan Washington, DC area, including Central and Eastern Maryland, the District of Columbia, Northern Virginia, and beyond. Through outstanding music performances and innovative education programs, NatPhil serves youth, families, and adults by providing high-quality concert presentations and educational opportunities for the community. NatPhil produces up to 15 orchestral and choral concerts a year, as well as chamber concerts and other small group outreach events for approximately 40,000 people. Other concert events support the Warrior Caf at Walter Reed National Military Medical Center and local senior living facilities, as well as families with children through our All Kids, All Free, All the Time initiative that provides free admission for children to all concerts.

Program 2

NatPhils education programs include annual concerts hosted in partnership with Montgomery County Public Schools for all 12,000 Montgomery County 2nd graders designed to heighten their exposure to...

NatPhils education programs include annual concerts hosted in partnership with Montgomery County Public Schools for all 12,000 Montgomery County 2nd graders designed to heighten their exposure to classical music. THE Youth Mentorship Program (YMP) provides completely free resources to up to 25 students per year through concert immersive mentorship experiences. This program (YMP) also includes free weekly lessons, chamber music, guest clinician sessions and concert immersive days at Strathmore on the days of concerts. All participant families are invited to all concerts for free.

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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 $1,021,512

Program Service Revenue $728,400

Investment Income $10,181

Other Revenue $0

TOTAL REVENUE $1,760,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,834

Fundraising Expenses $51,748

Program Expenses $1,560,304

Other Expenses $1,501,982

TOTAL EXPENSES $2,064,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,760,093	$1,991,924	-0.1%
Expenses	$2,064,816	$2,117,085	0.0%
Net Income	$-304,723	$-125,161	+1.4%

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

154

Volunteers

200

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

$141,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KELLY	Executive Dir.	40.00	Officer	$141,753	$0	$141,753
JULIE PANGELINAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PAUL DUDEK	VICECHAIR/TREAS	2.00	Officer Director	$0	$0	$0
JOAN FIDLER	Director	2.00	Director	$0	$0	$0
MICHELE FARQUHAR	Director	2.00	Director	$0	$0	$0
ALLISON FULTZ	Director	2.00	Director	$0	$0	$0
CAROL EVANS	Director	2.00	Director	$0	$0	$0
RUTH FAISON	Secretary	2.00	Officer Director	$0	$0	$0
DOUGLAS JACOBSON	Director	2.00	Director	$0	$0	$0
THADDEUS MIRECKI	Director	2.00	Director	$0	$0	$0
DIENEKE JOHNSON	Director	2.00	Director	$0	$0	$0
LISA RICHARDSON	Director	2.00	Director	$0	$0	$0
DR JOEL BRATTON JR	Director	2.00	Director	$0	$0	$0
EDWARD BRINKER	Director	2.00	Director	$0	$0	$0
JANE LIU	Director	2.00	Director	$0	$0	$0
LINDA CURRIE	Director	2.00	Director	$0	$0	$0
ELZBIETA VANDE SANDE	Director	2.00	Director	$0	$0	$0
MAURY PIEPERL	Director	2.00	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	$1,760,093	$2,064,816	$757,526	$-304,723
2024	No data	No data	No data	No data
2023	$2,259,687	$3,367,152	$1,169,329	$-1,107,465
2022	$2,888,620	$3,257,781	$1,849,727	$-369,161
2021	$1,483,657	$1,683,909	$752,535	$-200,252
2020	$1,954,473	$1,725,521	$807,712	$228,952
2019	$1,794,382	$2,110,719	$562,073	$-316,337
2018	$2,026,379	$2,055,313	$628,231	$-28,934

NATIONAL PHILHARMONIC ORCHESTRA AND CHORALE OF MONTGOMERY COUNTY INC