DENVER PHILHARMONIC ORCHESTRA (EIN 846046303) - 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

1986

Legal Domicile

Phone

7204400818

Tax Period

2024-07-01 to 2025-06-30

DENVER PHILHARMONIC ORCHESTRA, founded in 1986, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Expenses of $304K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO CONTINUALLY REDEFINE THE WAY OUR COMMUNITY EXPERIENCES AND ENGAGES WITH CALSSICAL MUSIC

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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 $131,834

Program Service Revenue $59,219

Investment Income $0

Other Revenue $25,226

TOTAL REVENUE $216,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,113

Fundraising Expenses $18,582

Program Expenses $158,689

Other Expenses $230,523

TOTAL EXPENSES $304,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,279	$208,178	+0.0%
Expenses	$304,047	$254,483	+0.2%
Net Income	$-87,768	$-46,305	+0.9%

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

Volunteers

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

$52,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER HAAK	EXECUTIVE DIRECTOR	40.00	Officer	$52,154	$0	$52,154
MICHAEL SAX	PRESIDENT, ACTING TREASURER	4.00	Director	$0	$0	$0
RYAN JEFFERS	SECRETARY, PERSONNEL	4.00	Director	$0	$0	$0
CALLISTA MEDLAND	FINANCE CHAIR, BOARD MEMBER	2.00	Director	$0	$0	$0
LANE RANDALL	EDIA & COMMUNITY CHAIR	2.00	Director	$0	$0	$0
LAURA THOMPSON	FUNDRAISING CHAIR	4.00	Director	$0	$0	$0
STEPHANIE GILLMAN	MARKETING & EVENT CHAIR	2.00	Director	$0	$0	$0
AMY STUBBLEFIELD	BOARD MEMBER	4.00	Director	$0	$0	$0
ELSA DIAS	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER VAN VLEET	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHNNY CAMPBELL	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE GOLAN	MUSIC DIRECTOR LAUREATE	15.00	Director	$0	$0	$0
MALCOLM BROWN	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA MCCLAIN	DIRECTOR	1.00	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	$216,279	$304,047	$93,809	$-87,768
2024	$208,178	$254,483	$167,480	$-46,305
2023	$218,881	$218,851	$207,961	$30
2022	$192,615	$170,651	$213,131	$21,964

DENVER PHILHARMONIC ORCHESTRA