ALLEN PHILHARMONIC SYMPHONY INC

EIN: 752751889 501(c)(3) Arts, Culture & Humanities

ALLEN, TX

Total Revenue
$247,892
Total Expenses
$275,106
Total Assets
$72,182
Net Assets
$71,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Phone
2145385128
Tax Period
2024-01-01 to 2024-12-31

ALLEN PHILHARMONIC SYMPHONY INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $275K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ENHANCE OUR COMMUNITYS RICH CULTURE, FOSTER A COMMUNITY-WIDE APPRECIATION FOR MUSIC, AND SUPPORT THE LOCAL BUSINESSES IN OUR COMMUNITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $194,970
Program Service Revenue $52,922
Investment Income $0
Other Revenue $0
TOTAL REVENUE $247,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,977
Fundraising Expenses $0
Program Expenses $275,106
Other Expenses $252,129
TOTAL EXPENSES $275,106

Year-over-Year Comparison

2024 2023 Change
Revenue $247,892 $226,933 +0.1%
Expenses $275,106 $302,742 -0.1%
Net Income $-27,214 $-75,809 -0.6%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
N/A
Employees
N/A
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
16
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN R LITINAS PRESIDENT 10.00
Officer
$0 $0 $0
SHIRLEY WHITE-STEVENS DIRECTOR 0.00
Officer
$0 $0 $0
DENISE KENNEDY DIRECTOR 0.00
Officer
$0 $0 $0
JANET STONE SECRETARYTREASURER 0.00
Officer
$0 $0 $0
REGINA TAYLOR DIRECTOR 0.00
Officer
$0 $0 $0
TOM MELTON DIRECTOR 0.00
Officer
$0 $0 $0
ELLEN TOWNLEY ORCHESTRA COMM 0.00
Officer
$0 $0 $0
PUSHPA BASNET DIRECTOR 0.00
Officer
$0 $0 $0
ALAN BONNER DIRECTOR 0.00
Officer
$0 $0 $0
IAN BUI DIRECTOR 0.00
Officer
$0 $0 $0
GRIFF MOORE BOOKS IN CARE OF 0.00
Officer
$0 $0 $0
DWIGHT BURNS DIRECTOR 0.00
Officer
$0 $0 $0
DANIEL SERRAGO APSO PERSONNEL MGR 0.00
Officer
$0 $0 $0
JEANNE SEVIGNY DIRECTOR 0.00
Officer
$0 $0 $0
SANDY LIU DIRECTOR 0.00
Officer
$0 $0 $0
DIEM-TU TRINH DIRECTOR 0.00
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
2024 $247,892 $275,106 $72,182 $-27,214
2023 $226,933 $302,742 $98,855 $-75,809
2019 $203,011 $201,758 $28,053 $1,253
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