THE FLORIDA PHILHARMONIC INC

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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

2023

Legal Domicile

Principal Officer

RUDY ASKEW

Phone

9415296094

Tax Period

2025-01-01 to 2025-12-31

THE FLORIDA PHILHARMONIC INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

TO BE THE CORNERSTONE OF THE REGION'S PERFORMING ARTS INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $206,447 Revenue: $125,287

TO BE THE CORNERSTONE OF THE REGION'S PERFORMING ARTS INSTITUTIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $109,880

Program Service Revenue $125,287

Investment Income $0

Other Revenue $20,086

TOTAL REVENUE $255,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,472

Fundraising Expenses $39,618

Program Expenses $206,447

Other Expenses $250,092

TOTAL EXPENSES $263,564

Year-over-Year Comparison

	2025	2024	Change
Revenue	$255,253	$164,167	+0.6%
Expenses	$263,564	$126,339	+1.1%
Net Income	$-8,311	$37,828	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BERLON	DIRECTOR	2.00	Director	$0	$0	$0
MING GAO	DIRECTOR	2.00	Director	$0	$0	$0
NANCY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KATHY KELLE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD STOELZEL	DIRECTOR	2.00	Director	$0	$0	$0
RUDY ASKEW	PRESIDENT	4.00	Officer	$0	$0	$0
RON BLYTHE	VICE PRESIDE	4.00	Officer	$0	$0	$0
ROBERT WEITZ	SECRETARY	4.00	Officer	$0	$0	$0
CARL WOLAVER	TREASURER	4.00	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
2025	$255,253	$263,564	$59,296	$-8,311
2024	$164,167	$126,339	$73,709	$37,828