OKLAHOMA PHILHARMONIC SOCIETY INC

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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

1988

Legal Domicile

Principal Officer

BRENT HART

Phone

4052327575

Tax Period

2024-07-01 to 2025-06-30

OKLAHOMA PHILHARMONIC SOCIETY INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2024. Expenses of $7.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

THE OKLAHOMA PHILHARMONIC SOCIETY, INC. EXISTS TO PROVIDE INSPIRATION AND JOY FOR THE COMMUNITY THROUGH ORCHESTRAL MUSIC PROGRAMMING. OUR VISION IS TO ENHANCE THE CULTURAL LIFE OF THE COMMUNITY, EDUCATE FUTURE GENERATIONS, ENTERTAIN OUR AUDIENCES, ELEVATE THE QUALITY OF EVERY PERFORMANCE, SERVE AS A LEADER FOR POSITIVE COMMUNITY GROWTH THROUGH ORCHESTRAL MUSIC, AND WORK TOGETHER WITH OTHER ARTS ORGANIZATIONS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,839,942 Revenue: $2,358,826

A SERIES OF 8 CLASSIC CONCERTS THAT PRESERVE AND PROMOTE THE ORCHESTRAL TRADITION, 6 POP CONCERTS THAT ATTRACT NEW AUDIENCES WITH POPULAR MUSIC, AND 3 DISCOVERY FAMILY CONCERTS THAT PROVIDE...

A SERIES OF 8 CLASSIC CONCERTS THAT PRESERVE AND PROMOTE THE ORCHESTRAL TRADITION, 6 POP CONCERTS THAT ATTRACT NEW AUDIENCES WITH POPULAR MUSIC, AND 3 DISCOVERY FAMILY CONCERTS THAT PROVIDE ENTERTAINMENT AND EDUCATIONAL ENRICHMENT TO THE YOUTH OF OKLAHOMA CITY. THESE 17 CONCERTS PROVIDE CULTURAL ENRICHMENT FOR THE COMMUNITY AT LARGE.

Program 2

Expenses: $732,242 Revenue: $173,930

AN ARRAY OF EDUCATIONAL AND COMMUNITY ENGAGEMENT ACTIVITIES PROVIDE COMMUNITY MEMBERS FROM CHILDREN TO ADULTS WITH AFFORDABLE OR FREE ACTIVITIES. THESE INCLUDE WEVE GOT RHYTHM, SOCIETY OF STRINGS...

AN ARRAY OF EDUCATIONAL AND COMMUNITY ENGAGEMENT ACTIVITIES PROVIDE COMMUNITY MEMBERS FROM CHILDREN TO ADULTS WITH AFFORDABLE OR FREE ACTIVITIES. THESE INCLUDE WEVE GOT RHYTHM, SOCIETY OF STRINGS, YOUTH CONCERTS, RHYTHM ON THE ROAD, YOUTH CONCERTS, THREE FREE OUTDOOR SUMMER CONCERTS AT SCISSORTAIL PARK INCLUDING RED, WHITE & BOOM AND COLLABORATIVE PARTNERSHIPS WITH THE OKLAHOMA CITY BALLET AND THE CANTERBURY VOICES.

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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 $2,808,063

Program Service Revenue $2,528,245

Investment Income $86,209

Other Revenue $-6,488

TOTAL REVENUE $5,416,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,786,081

Fundraising Expenses $318,560

Program Expenses $5,572,184

Other Expenses $3,864,255

TOTAL EXPENSES $7,650,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,416,029	$5,389,137	+0.0%
Expenses	$7,650,336	$6,495,028	+0.2%
Net Income	$-2,234,307	$-1,105,891	+1.0%

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

245

Volunteers

225

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

$398,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT HART	EXECUTIVE DIRECTOR	40.00	Officer	$170,550	$26,091	$196,641
JOHN A MICKELTHWATE	MUSIC DIRECTOR	40.00	Officer	$174,154	$27,237	$201,391
JERROD SHOUSE	PRESIDENT	0.40	Officer Director	$0	$0	$0
JIM ROTH	PRESIDENT ELECT	0.40	Officer Director	$0	$0	$0
DEBBIE MCKINNEY	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
LOUISE CLEARY CANNON	TREASURER	0.40	Officer Director	$0	$0	$0
JENNIFER SCHULTZ KOUANDJIO	SECRETARY	0.40	Officer Director	$0	$0	$0
JANE B HARLOW	LIFETIME DIRECTOR	0.40	Director	$0	$0	$0
PATRICK ALEXANDER	LIFETIME DIRECTOR	0.40	Director	$0	$0	$0
TRACEY BUDZ	DIRECTOR	0.40	Director	$0	$0	$0
ROBERT CLEMENTS	DIRECTOR	0.40	Director	$0	$0	$0
LAWRENCE DAVIS	DIRECTOR	0.40	Director	$0	$0	$0
KEVIN DUNNINGTON	DIRECTOR	0.40	Director	$0	$0	$0
JANE JAYROE GAMBLE	DIRECTOR	0.40	Director	$0	$0	$0
KIRK HAMMONS	DIRECTOR	0.40	Director	$0	$0	$0
HONORABLE JEROME A HOLMES	DIRECTOR	0.40	Director	$0	$0	$0
JAMES HULSEY	DIRECTOR	0.40	Director	$0	$0	$0
DEBRA KOS	DIRECTOR	0.40	Director	$0	$0	$0
KRISTIAN KOS	DIRECTOR	0.40	Director	$0	$0	$0
TOM LERUM	DIRECTOR	0.40	Director	$0	$0	$0
MATT PAQUE	DIRECTOR	0.40	Director	$0	$0	$0
CRAIG PERRY	DIRECTOR	0.40	Director	$0	$0	$0
SAM RAINBOLT	DIRECTOR	0.40	Director	$0	$0	$0
ROBERT RUIZ	DIRECTOR	0.40	Director	$0	$0	$0
KELLY SACHS	DIRECTOR	0.40	Director	$0	$0	$0
AMALIA MIRANDA SILVERSTEIN	DIRECTOR	0.40	Director	$0	$0	$0
DOUG STUSSI	DIRECTOR	0.40	Director	$0	$0	$0
GEETIKA VERMA	DIRECTOR	0.40	Director	$0	$0	$0
EVAN WALTER	DIRECTOR	0.40	Director	$0	$0	$0
TRAVIS WEEDN	DIRECTOR	0.40	Director	$0	$0	$0
WENDI WILSON	DIRECTOR	0.40	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	$5,416,029	$7,650,336	$16,569,536	$-2,234,307
2024	$5,389,137	$6,495,028	$17,578,230	$-1,105,891
2023	$6,101,693	$6,670,842	$16,943,676	$-569,149
2022	$6,401,721	$5,669,125	$16,602,843	$732,596
2021	$4,077,058	$3,928,008	$17,812,011	$149,050
2020	$4,539,457	$5,313,355	$14,965,051	$-773,898
2019	$5,815,991	$5,571,633	$15,334,487	$244,358
2018	$5,661,500	$5,210,401	$14,280,348	$451,099