RIVERSIDE COUNTY PHILHARMONIC ASSN INC (EIN 956096638) - 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

1959

Legal Domicile

Principal Officer

Robert Herrick

Phone

9517870251

Tax Period

2024-06-01 to 2025-05-31

RIVERSIDE COUNTY PHILHARMONIC ASSN INC, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $151K, a strong 45% operating margin.

Mission

The mission of the Riverside County Philharmonic is to advance the enjoyment & appreciation of symphonic music to the communities in the inland So Cal region

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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 $80,650

Program Service Revenue $248,660

Investment Income $20

Other Revenue $8,638

TOTAL REVENUE $337,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,095

Fundraising Expenses $0

Program Expenses $183,864

Other Expenses $125,246

TOTAL EXPENSES $187,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,968	$436,223	-0.2%
Expenses	$187,341	$616,439	-0.7%
Net Income	$150,627	$-180,216	-1.8%

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

N/A

Independent Members

N/A

Employees

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
Virginia Blumenthal	Pres	2.0	Officer Director	$0	$0	$0
Stan Morrison	VP	2.0	Officer Director	$0	$0	$0
Colleen Nicol	VP	2.0	Officer Director	$0	$0	$0
Norm Pelzer	VP	2.0	Officer Director	$0	$0	$0
Ken Gutierrez	Secretary	0.0	Officer Director	$0	$0	$0
Christopher J Brown	Treasurer	2.0	Officer 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	$337,968	$187,341	$89,294	$150,627
2024	$436,223	$616,439	$26,533	$-180,216
2023	$576,150	$452,436	$119,670	$123,714
2022	$378,972	$368,508	$56,274	$10,464
2021	$203,429	$233,003	$41,648	$-29,574
2018	$394,290	$346,157	$17,888	$48,133

RIVERSIDE COUNTY PHILHARMONIC ASSN INC