SOUTH CAROLINA PHILHARMONIC INC (EIN 570742901) - 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

1982

Legal Domicile

Principal Officer

RHONDA HUNSINGER

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA PHILHARMONIC INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE APPRECIATION OF CLASSICAL AND OTHER MUSIC BY PROVIDING CONCERT PERFORMANCES AND MUSIC EDUCATION TO ADULTS AND YOUTH OF THE STATE OF SC.

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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 $1,209,838

Program Service Revenue $661,166

Investment Income $41,664

Other Revenue $150,923

TOTAL REVENUE $2,063,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,133,247

Fundraising Expenses $270,543

Program Expenses $1,694,329

Other Expenses $953,321

TOTAL EXPENSES $2,086,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,063,591	$1,855,449	+0.1%
Expenses	$2,086,568	$1,686,225	+0.2%
Net Income	$-22,977	$169,224	-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

177

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

$140,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA HUNSINGER	ED OFFICIO BOARD MEMBER	040.00	Director	$99,549	$0	$140,885
MORIHIKO NAKAHARA	ED OFFICIO BOARD MEMBER	020.00	Director	$0	$0	$0
GAIL MORRISON	BOARD MEMBER	001.00	Director	$0	$0	$0
JARRETT COCO	BOARD MEMBER	001.00	Director	$0	$0	$0
KENNETH COX	BOARD MEMBER	001.00	Director	$0	$0	$0
STEPHEN T SAVITZ	BOARD MEMBER	001.00	Director	$0	$0	$0
TOM FORTSON	BOARD MEMBER	001.00	Director	$0	$0	$0
BILL DANIELSON	BOARD MEMBER	001.00	Director	$0	$0	$0
JASON L BECKETT	BOARD MEMBER	001.00	Director	$0	$0	$0
PATRICIA SMITH	BOARD MEMBER	001.00	Director	$0	$0	$0
LUCY DINKINS	BOARD MEMBER	001.00	Director	$0	$0	$0
CHRIS WINSTON	PRESIDENT ELECT	001.00	Director	$0	$0	$0
KYLE BRANNON	BOARD MEMBER	001.00	Director	$0	$0	$0
TERRY GOODFELLOW	BOARD MEMBER	001.00	Director	$0	$0	$0
SARAH LANDHOLT	BOARD MEMBER	001.00	Director	$0	$0	$0
ALMA SCHULTZ	EX OFFICIO BOARD MEMBER	001.00	Director	$0	$0	$0
LYNN HODGE	BOARD MEMBER	001.00	Director	$0	$0	$0
CORKY HARPER	BOARD MEMBER	001.00	Director	$0	$0	$0
DAVID TURNER	IMMEDIATE PAST PRESIDENT	001.00	Officer	$0	$0	$0
EMILY LUTHER	PRESIDENT	001.00	Officer	$0	$0	$0
SAMUEL WATERS	VICE PRESIDENT	001.00	Officer	$0	$0	$0
STEVE ANASTASION	VICE PRESIDENT	001.00	Officer	$0	$0	$0
JOSH PRICE	TREASURER	001.00	Officer	$0	$0	$0
DR HAROLD FRIEDMAN	VICE PRESIDENT	001.00	Officer	$0	$0	$0
MIKE FERGUSON	VICE PRESIDENT	001.00	Officer	$0	$0	$0
ALEXIS SHORT	SECRETARY	001.00	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	$2,063,591	$2,086,568	$1,317,829	$-22,977
2024	$1,855,449	$1,686,225	$1,446,871	$169,224
2023	$1,204,947	$1,495,172	$1,125,799	$-290,225
2022	$1,280,519	$1,218,818	$1,342,848	$61,701
2021	$1,099,021	$808,415	$1,390,921	$290,606
2020	$1,234,509	$1,259,860	$994,620	$-25,351
2019	$1,192,684	$1,284,973	$845,702	$-92,289
2018	$1,189,645	$1,221,348	$862,443	$-31,703

SOUTH CAROLINA PHILHARMONIC INC