RENO PHILHARMONIC ENDOWMENT TRUST

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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

1994

Legal Domicile

Principal Officer

HEIDI FOSTER

Phone

7753236393

Tax Period

2024-07-01 to 2025-06-30

RENO PHILHARMONIC ENDOWMENT TRUST, founded in 1994, is a small nonprofit that reported $593K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $305K, a strong 51% operating margin.

Mission

TO SUPPORT THE RENO PHILHARMONIC ASSOCIATION, INC.

Program Service Accomplishments

Program 1

Expenses: $268,000

THE ACTIVITIES OF THE TRUST ARE TO 1) SOLICIT AND ACCEPT PROPERTY AND CONTRIBUTIONS FROM DONORS 2) INVEST AND REINVEST FUNDS AND 3) MAKE DISTRIBUTIONS TO THE RENO PHILHARMONIC ASSOCIATION, INC.

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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 $188,000

Program Service Revenue $0

Investment Income $405,060

Other Revenue $0

TOTAL REVENUE $593,060

Expense Breakdown

Grants Paid $268,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $268,000

Other Expenses $19,664

TOTAL EXPENSES $287,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$593,060	$1,532,227	-0.6%
Expenses	$287,664	$244,933	+0.2%
Net Income	$305,396	$1,287,294	-0.8%

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
LAURIE MCLANAHAN	CHAIR	1.00	Officer Director	$0	$0	$0
LINDY DELLER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE MCCONNELL	TRUSTEE	1.00	Director	$0	$0	$0
TYLER SMITH	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI FOSTER	CHAIR	1.00	Officer Director	$0	$0	$0
AARON DOTY	PRESIDENT & CEO	1.00		$0	$0	$151,539

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	$593,060	$287,664	$7,838,515	$305,396
2024	No data	No data	No data	No data
2023	$149,727	$220,255	$4,932,995	$-70,528
2022	$672,406	$207,684	$5,003,523	$464,722
2021	$1,482,300	$150,193	$4,538,801	$1,332,107
2020	$257,443	$169,628	$3,206,694	$87,815
2019	$222,828	$134,372	$3,002,879	$88,456