Portland Youth Philharmonic Associ… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

NOREEN MURDOCK

Phone

5032235939

Tax Period

2024-06-01 to 2025-05-31

Portland Youth Philharmonic Association, founded in 1925, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $333K, a strong 16% operating margin.

Mission

TO PREPARE YOUNG PEOPLE FOR SUCCESS THROUGH MUSICAL EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $1,157,650 Revenue: $554,676

ORCHESTRA:THE ASSOCIATION HAS OFFERED RIGOROUS MUSIC EDUCATION AND PERFORMANCE PRACTICE SINCE 1924. IN SEASON 101, OVER 300 MUSICIANS RANGING IN AGE FROM 9 TO 23 WERE ACCEPTED BY AUDITION FROM 89...

ORCHESTRA:THE ASSOCIATION HAS OFFERED RIGOROUS MUSIC EDUCATION AND PERFORMANCE PRACTICE SINCE 1924. IN SEASON 101, OVER 300 MUSICIANS RANGING IN AGE FROM 9 TO 23 WERE ACCEPTED BY AUDITION FROM 89 SCHOOLS IN THE AREA. ALTHOUGH COMPETITION FOR VIOLINS AND CELLOS WAS VERY TOUGH, ON AVERAGE, 70 PERCENT OF ALL APPLICANTS WERE ACCEPTED, AND EVERY STUDENT IN NEED RECEIVED FINANCIAL AID.

Program 2

Expenses: $47,094

COMMUNITY PROGRAMS:IN 2024-2025, THE ASSOCIATION ALSO PROVIDED MUSIC EDUCATION ACTIVITIES FOR YOUTH IN THE COMMUNITY WITH FREE CONDUCTOR VISITS TO SCHOOL MUSIC PROGRAMS, AND LOW-COST PRIVATE MUSIC...

COMMUNITY PROGRAMS:IN 2024-2025, THE ASSOCIATION ALSO PROVIDED MUSIC EDUCATION ACTIVITIES FOR YOUTH IN THE COMMUNITY WITH FREE CONDUCTOR VISITS TO SCHOOL MUSIC PROGRAMS, AND LOW-COST PRIVATE MUSIC LESSONS TAUGHT BY ADVANCED PHILHARMONIC ORCHESTRA MUSICIANS. THE FREE CHILDREN'S CONCERTS SERVED OVER 6,000 STUDENTS, TEACHERS, AND CHAPERONES. THE ASSOCIATIONS ACTIVITIES ARE SUPPORTED BY TUITION FEES, FOUNDATION AND GOVERNMENT GRANTS, BUSINESS AND CORPORATE SPONSORSHIPS, AND INDIVIDUAL DONORS.

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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 $1,385,402

Program Service Revenue $554,676

Investment Income $140,534

Other Revenue $11,431

TOTAL REVENUE $2,092,043

Expense Breakdown

Grants Paid $109,892

Salaries & Benefits $854,054

Fundraising Expenses $335,437

Program Expenses $1,204,744

Other Expenses $794,844

TOTAL EXPENSES $1,758,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,092,043	$2,020,561	+0.0%
Expenses	$1,758,790	$2,030,934	-0.1%
Net Income	$333,253	$-10,373	-33.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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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

$231,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HATTNER	Music Director	37.50	Officer	$110,152	$12,355	$122,507
NOREEN MURDOCK	Executive Dir.	37.50	Officer	$97,449	$11,973	$109,422
LESLIE WU	President	2.00	Officer Director	$0	$0	$0
JODY KUJOVICH	Vice President	2.00	Officer Director	$0	$0	$0
BRENDA RAY SCOTT	Recording Sec	2.00	Officer Director	$0	$0	$0
ANNE BERGERON	Corporate Sec	2.00	Officer Director	$0	$0	$0
J WALLACE WALKER	Treasurer	2.00	Officer Director	$0	$0	$0
GESELL BROOK	Director	2.00	Director	$0	$0	$0
EVELYN CURIOSO	Director	2.00	Director	$0	$0	$0
ERIK SKARSTAD	Director	2.00	Director	$0	$0	$0
ROBERT LANGSLET	Director	2.00	Director	$0	$0	$0
ADRIENNE ANDERSON	Director	2.00	Director	$0	$0	$0
JANE PERLAS	Director	2.00	Director	$0	$0	$0
RON SINHA	Director	2.00	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	$2,092,043	$1,758,790	$6,106,945	$333,253
2024	$2,020,561	$2,030,934	$5,599,935	$-10,373
2023	$1,558,531	$1,626,413	$5,206,117	$-67,882
2022	$1,550,813	$1,358,262	$5,269,398	$192,551
2021	$1,534,927	$1,111,064	$5,363,875	$423,863
2020	$1,304,936	$1,017,249	$4,326,357	$287,687
2019	$1,090,000	$1,017,161	$3,982,467	$72,839
2018	$1,210,169	$976,991	$3,926,820	$233,178

Portland Youth Philharmonic Association