LAKE NORMAN PHILHARMONIC INC (EIN 852404328) - 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

2021

Legal Domicile

Principal Officer

EDUARDO CEDENO

Tax Period

2023-07-01 to 2024-06-30

LAKE NORMAN PHILHARMONIC INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 57% operating deficit.

Mission

CREATE AND MAINTAIN NON-PROFIT COMMUNITY ORCHESTRA, OFFER COMMUNITY MUSICIANS OPPORTUNITES TO PRACTICE AND PERFORM ORCHESTRAL MUSIC TOGETHER, CONTRIBUTE TO PERFORMING ARTS IN OUR COMMUNITY, FOSTER MUSIC EDUCATION FOR COM

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,589

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,651

Other Expenses $8,795

TOTAL EXPENSES $8,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,589	$9,086	-0.4%
Expenses	$8,795	$5,575	+0.6%
Net Income	$-3,206	$3,511	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDUARDO CEDENO	PRESIDENT	010.00	Director	$0	$0	$0
CLAIRE CEDENO	VICE PRESIDENT	010.00	Director	$0	$0	$0
DENYS GORSKI	TREASURER	004.00	Director	$0	$0	$0
LYNN BLIZARD	SECRETARY	002.00	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
2024	$5,589	$8,795	$1,387	$-3,206
2023	$9,086	$5,575	$4,504	$3,511

LAKE NORMAN PHILHARMONIC INC