ORLANDO PHILHARMONIC ORCHESTRA INC (EIN 593058884) - 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

1991

Legal Domicile

Principal Officer

KARINA BHARNE

Phone

4078966700

Tax Period

2024-07-01 to 2025-06-30

ORLANDO PHILHARMONIC ORCHESTRA INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE ORLANDO PHILHARMONIC ORCHESTRA IS CENTRAL FLORIDAS RESIDENT PROFESSIONAL ORCHESTRA. ITS MISSION IS TO FOSTER AND PROMOTE SYMPHONIC MUSIC THROUGH EXCELLENCE IN PERFORMANCE, EDUCATION AND CULTURAL LEADERSHIP. EACH SEASON, THE PHILHARMONIC BRINGS LIVE SYMPHONIC MUSIC AND WORLD-CLASS ARTISTS TO THOUSANDS OF CENTRAL FLORIDA RESIDENTS, PROVIDING AN ENRICHING SOCIAL EXPERIENCE FOR THE COMMUNITY. THE ORLANDO PHILHARMONIC IS DEDICATED TO BEING BOTH SOCIALLY AND FINANCIALLY RESPONSIBLE.

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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 $3,421,009

Program Service Revenue $2,707,463

Investment Income $358,794

Other Revenue $35,236

TOTAL REVENUE $6,522,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,758,445

Fundraising Expenses $570,187

Program Expenses $5,174,853

Other Expenses $2,102,518

TOTAL EXPENSES $6,860,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,522,502	$5,872,471	+0.1%
Expenses	$6,860,963	$6,343,619	+0.1%
Net Income	$-338,461	$-471,148	-0.3%

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

248

Volunteers

5000

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

$151,918

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRISCILLA AZZOLINI	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAWRENCE LARRY KELLOGG	VICE PRESIDENT & PRESIDENT ELECT	5.00	Director	$0	$0	$0
MICHAEL MOORE	SECRETARY	5.00	Director	$0	$0	$0
DERIC MILLIGAN	TREASURER	5.00	Director	$0	$0	$0
MELODY LYNCH	PAST PRESIDENT	5.00	Director	$0	$0	$0
DIANE BISHOP	PRINCIPAL BASSOON	20.00	Director	$0	$0	$0
BRIAN BRINK	BASS TROMBONE	20.00	Director	$0	$0	$0
LYMAN BRODIE	TRUMPET	20.00	Director	$0	$0	$0
JAMES F BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JUAN CAMACHO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CARPENTER	PRINCIPAL TUBA	20.00	Director	$0	$0	$0
KYLE DEN BESTE	DIRECTOR	1.00	Director	$0	$0	$0
LISA EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
MARK FISCHER	HORN	20.00	Director	$0	$0	$0
WASHINGTON GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ALEX GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK GOLDBERG	PERCUSSION	20.00	Director	$0	$0	$0
JOANNE GRANT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE HOTALING	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH KNEPLER	DIRECTOR	1.00	Director	$0	$0	$0
RHODA LITTLE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID MAGANA	DIRECTOR	1.00	Director	$0	$0	$0
AL MICHEJDA	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEFF MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DR MARY PALMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID POFF	DIRECTOR	1.00	Director	$0	$0	$0
DR JEFFERY REDDING	DIRECTOR	1.00	Director	$0	$0	$0
ALEX REGAZZI	TROMBONE	20.00	Director	$0	$0	$0
SHYLA REICH	DIRECTOR	1.00	Director	$0	$0	$0
IAN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA ROMAO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY P ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SANDLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN M SHARMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY SHERRIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SMEDLEY	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS GUILLERMO SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE STRFELER	PRINCIPAL OBOE	1.00	Director	$0	$0	$0
TED J SPERO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
DR ERIKA WIKSTROM	DIRECTOR	1.00	Officer Director	$0	$0	$0
KARINA BHARNE	EXECUTIVE DIRECTOR	40.00	Key Emp	$151,918	$0	$151,918

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	$6,522,502	$6,860,963	$6,091,586	$-338,461
2024	No data	No data	No data	No data
2023	$5,553,318	$6,514,813	$5,941,782	$-961,495
2022	$5,093,583	$4,754,333	$6,928,554	$339,250
2021	$4,632,792	$4,488,155	$6,944,219	$144,637
2020	$4,624,564	$4,168,805	$6,191,749	$455,759
2019	$4,487,098	$4,244,779	$5,649,131	$242,319
2018	$6,070,223	$4,891,729	$5,211,401	$1,178,494

ORLANDO PHILHARMONIC ORCHESTRA INC