New Philharmonic Orchestra of Irving Inc
Nonprofit profile at a glance
- EIN
- 752239724
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Irving, TX, USA
- Phone
- 9722527558
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $96,815
- Expenses
- $76,061
- Assets
- $110,342
- Liabilities
- $10,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Jay Terpstra (President)
People named in this filing
- Chris Aucoin (Director)
- Janet Cockerham (Secretary)
- Jan Dolezal Staab (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The New Philharmonic Orchestra of Irving is a full-size community orchestra comprised of musicians from Irving and surrounding areas, most of whom have performed together for several years.The members formed the orchestra in the summer of 1988 as an expression of their commitment to preserving the longstanding tradition of superior quality orchestral performance in Irving. The New Philharmonic continues to offer the community a variety of enjoyable and traditional symphonic compositions, as well as popular pieces from film and stage.Through involvement in local service projects, the orchestra enriches the cultural life of the community it serves. The New Philharmonic Orchestra of Irving and its members truly exemplify the orchestra's name.
What it reported doing in 2024
Musical concerts and community service projects, benefiting more than 2,500 persons. This includes about 7,000 hours of time by voluntary musicians and donations of time, supplies and money.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.6%; rating input score 79
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.45; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 10.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 78.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $76K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.