LOS ANGELES PHILHARMONIC ASSOCIATION

EIN: 951696734 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$216,690,527
Total Expenses
$210,298,852
Total Assets
$603,296,076
Net Assets
$536,195,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
CA
Principal Officer
KIM NOLTEMY
Phone
2139727300
Tax Period
2023-10-01 to 2024-09-30

LOS ANGELES PHILHARMONIC ASSOCIATION, founded in 1934, is a major nonprofit in the Arts, Culture & Humanities sector that reported $216.7M in total revenue in fiscal year 2023. Net assets of $536.2M represent 30 months of operating reserves.

Mission

LA PHILHARMONIC ASSOCIATION'S MISSION IS TO PERFORM, PRESENT, AND PROMOTE MUSIC IN ITS MANY VARIED FORMS AT THE HIGHEST LEVEL OF EXCELLENCE TO A LARGE & DIVERSE AUDIENCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,942,436
Program Service Revenue $149,512,022
Investment Income $23,660,615
Other Revenue $-2,424,546
TOTAL REVENUE $216,690,527

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $95,952,449
Fundraising Expenses $7,585,706
Program Expenses $179,506,239
Other Expenses $113,352,952
TOTAL EXPENSES $210,298,852

Year-over-Year Comparison

2023 2022 Change
Revenue $216,690,527 $208,062,332 +0.0%
Expenses $210,298,852 $196,153,186 +0.1%
Net Income $6,391,675 $11,909,146 -0.5%
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
58
Independent Members
58
Employees
2722
Volunteers
500

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
9
$873,194
Total Directors
61
$0
Key Employees
11
$6,923,889
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BECKMEN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DAVID C BOHNETT CHAIR, CAMP. & VICE CHAIR 1.00
Officer Director
$0 $0 $0
REVETA F BOWERS CHAIR, PENSION & VICE CHAIR, EXEC 1.00
Director
$0 $0 $0
DONALD P DE BRIER CHAIR, AUDIT 1.00
Director
$0 $0 $0
JONATHAN KAGAN CHAIR, HOLLYWOOD BOWL 1.00
Director
$0 $0 $0
DAVID MELINE CHAIR, CAMP. & VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAY STEIN CHAIR, PHILANTHROPY 1.00
Director
$0 $0 $0
CHRISTIAN STRACKE CHAIR, MARKETING 1.00
Director
$0 $0 $0
JANE B EISNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
DIANE B PAUL VICE-CHAIR, EXEC 1.00
Officer Director
$0 $0 $0
JAY RASULO VICE-CHAIR, EXEC 1.00
Officer Director
$0 $0 $0
NANCY ABELL DIRECTOR 1.00
Director
$0 $0 $0
GREGORY A ADAMS DIRECTOR 1.00
Director
$0 $0 $0
JULIE ANDREWS DIRECTOR 1.00
Director
$0 $0 $0
CAMILO ESTEBAN BECHDACH DIRECTOR 1.00
Director
$0 $0 $0
LINDA P BRITTAN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BRODER DIRECTOR 1.00
Director
$0 $0 $0
KAWANNA BROWN DIRECTOR 1.00
Director
$0 $0 $0
ANDREA CHAO-KHARMA DIRECTOR 1.00
Director
$0 $0 $0
R MARTIN CHAVEZ DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN CHIVAROLI DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN CONGDON DIRECTOR (AS OF 09/23) 1.00
Director
$0 $0 $0
LOUISE D EDGERTON DIRECTOR 1.00
Director
$0 $0 $0
LISA FIELD DIRECTOR 1.00
Director
$0 $0 $0
DAVID A FORD DIRECTOR 1.00
Director
$0 $0 $0
ALFRED FRAIJO JR DIRECTOR (AS OF 06/24) 1.00
Director
$0 $0 $0
HILARY GARLAND DIRECTOR (AS OF 09/23) 1.00
Director
$0 $0 $0
JENNIFER MILLER GOFF DIRECTOR 1.00
Director
$0 $0 $0
TAMARA GOLIHEW DIRECTOR (AS OF 09/23) 1.00
Director
$0 $0 $0
LENORE S GREENBERG DIRECTOR 1.00
Director
$0 $0 $0
CAROL COLBURN GRIGOR DIRECTOR 1.00
Director
$0 $0 $0
MARIAN HALL DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE HART DIRECTOR (THRU 07/24) 1.00
Director
$0 $0 $0
ANTONIA HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
TEENA HOSTOVICH DIRECTOR (THRU 09/24) 1.00
Director
$0 $0 $0
DARIOUSH KHALEDI DIRECTOR 1.00
Director
$0 $0 $0
WINNIE KHO DIRECTOR 1.00
Director
$0 $0 $0
MATT MCINTYRE DIRECTOR (AS OF 07/24) 1.00
Director
$0 $0 $0
FRANCOIS MOBASSER DIRECTOR 1.00
Director
$0 $0 $0
MARGARET MORGAN DIRECTOR 1.00
Director
$0 $0 $0
LEITH O'LEARY DIRECTOR 1.00
Director
$0 $0 $0
ANDY PARK DIRECTOR 1.00
Director
$0 $0 $0
SANDY PRESSMAN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD RAFFETTO DIRECTOR (THRU 08/24) 1.00
Director
$0 $0 $0
GEOFFREY RICH DIRECTOR 1.00
Director
$0 $0 $0
LAURA ROSENWALD DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SCHIRTZER DIRECTOR (AS OF 12/23) 1.00
Director
$0 $0 $0
GABRIELLE STARR DIRECTOR 1.00
Director
$0 $0 $0
JASON SUBOTKY DIRECTOR 1.00
Director
$0 $0 $0
DR RONALD D SUGAR DIRECTOR 1.00
Director
$0 $0 $0
VIKKI SUNG DIRECTOR 1.00
Director
$0 $0 $0
JACK SUZAR DIRECTOR 1.00
Director
$0 $0 $0
KEITH TERASAKI DIRECTOR (AS OF 09/23) 1.00
Director
$0 $0 $0
SUE TSAO DIRECTOR 1.00
Director
$0 $0 $0
JON VEIN DIRECTOR 1.00
Director
$0 $0 $0
MEGAN WATANABE DIRECTOR 1.00
Director
$0 $0 $0
REGINA WEINGARTEN DIRECTOR 1.00
Director
$0 $0 $0
JENNY WILLIAMS DIRECTOR (AS OF 06/24) 1.00
Director
$0 $0 $0
ALYCE DE ROULET WILLIAMSON DIRECTOR 1.00
Director
$0 $0 $0
IRWIN WINKLER DIRECTOR 1.00
Director
$0 $0 $0
DEBRA WONG YANG DIRECTOR 1.00
Director
$0 $0 $0
MONA PATEL GEN. COUNSEL, SECRETARY 40.00
Officer
$424,943 $26,155 $451,098
GLENN BRIFFA CFO 40.00
Officer
$420,000 $2,096 $422,096
KIM NOLTEMY CEO (AS OF 07/24) 40.00
Officer
$0 $0 $0
DANIEL SONG INTERIM CEO (THRU 7/24), COO 40.00
Key Emp
$601,268 $51,983 $653,251
GUSTAVO DUDAMEL MUSIC & ARTISTIC DIRECTOR 40.00
Key Emp
$2,740,000 $43,661 $2,783,661
MARGIE KIM BERMEO CHIEF PHILANTHROPY OFFICER 40.00
Key Emp
$470,752 $26,155 $496,907
NORA BRADY CHIEF MKTG & COMS. OFFICER 40.00
Key Emp
$401,624 $49,858 $451,482
MEGHAN UMBER CHIEF CONTENT OFFICER 40.00
Key Emp
$405,082 $37,955 $443,037
EMANUEL MAXWELL CHIEF TALENT & EQUITY OFFICER 40.00
Key Emp
$369,935 $52,823 $422,758
SUMMER BJORK CHIEF OF STAFF 40.00
Key Emp
$381,217 $31,290 $412,507
LAURA CONNELLY GM HOLLYWOOD BOWL, VP PROD 40.00
Key Emp
$326,451 $39,629 $366,080
JOHANNA REES VP, PRESENTATIONS 40.00
Key Emp
$312,041 $24,476 $336,517
ELSJE KIBLER-VERMAAS VP LEARNING 40.00
Key Emp
$248,424 $37,707 $286,131
SARA KIM VP OF PHILANTHROPY 40.00
Key Emp
$253,408 $18,150 $271,558
MARTIN CHALIFOUR PRINCIPAL CONCERTMASTER 40.00
Highest
$556,896 $41,916 $598,812
THOMAS HOOTEN STAFF MUSICIAN 40.00
Highest
$415,178 $53,453 $468,631
NATHAN COLE STAFF MUSICIAN 40.00
Highest
$391,166 $53,453 $444,619
ANDREW BAIN STAFF MUSICIAN 40.00
Highest
$377,491 $53,453 $430,944
ROBERT DEMAINE STAFF MUSICIAN 40.00
Highest
$371,917 $53,453 $425,370
CHAD SMITH FORMER CEO (THRU 08/23) 0.00
$995,467 $23,919 $1,019,386
RENAE WILLIAMS NILES FMR. CHIEF CONTENT OFF. (THRU 08/23) 0.00
$228,264 $19,441 $247,705
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 $216,690,527 $210,298,852 $603,296,076 $6,391,675
2023 $208,062,331 $196,153,186 $531,402,786 $11,909,145
2022 $158,200,776 $180,019,533 $502,518,104 $-21,818,757
2021 $148,973,896 $105,289,785 $566,505,035 $43,684,111
2020 $89,931,631 $110,692,252 $484,797,959 $-20,760,621
2019 $187,166,290 $166,254,625 $414,000,405 $20,911,665
2018 $190,852,623 $159,075,164 $417,446,115 $31,777,459
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