PHILADELPHIA MUSIC & ARTS FESTIVAL LLC

EIN: 821056712 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$291,948
Total Expenses
$312,442
Total Assets
$114,507
Net Assets
$114,507
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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
2017
Legal Domicile
PA
Principal Officer
GREG SELTZER
Phone
2158648424
Tax Period
2024-01-01 to 2024-12-31

PHILADELPHIA MUSIC & ARTS FESTIVAL LLC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

PROMOTION OF ANNUAL MUSIC FESTIVAL WITH SUBSTANTIAL PORTION OF NET REVENUE FUNDING LOCAL EDUCATIONAL AND MUSIC CHARITIES.

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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 $285,120
Program Service Revenue $0
Investment Income $0
Other Revenue $6,828
TOTAL REVENUE $291,948

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $311,200
Other Expenses $212,442
TOTAL EXPENSES $312,442

Year-over-Year Comparison

2024 2023 Change
Revenue $291,948 $330,687 -0.1%
Expenses $312,442 $279,074 +0.1%
Net Income $-20,494 $51,613 -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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
2

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG SELTZER PRESIDENT 10.00
Officer Director
$0 $0 $0
JENN SELTZER SECRETARY 10.00
Officer Director
$0 $0 $0
CHRISTOPHER JONES TREASURER 1.00
Officer 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
2024 $291,948 $312,442 $114,507 $-20,494
2023 $330,687 $279,074 $142,013 $51,613
2022 $265,454 $213,548 $83,556 $51,906
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