Harvey Phillips Foundation Inc

EIN: 132935236 501(c)(3) Philanthropy & Grantmaking

Bloomington, IN

Total Revenue
$237,960
Total Expenses
$234,712
Total Assets
$406,774
Net Assets
$402,023
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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
2000
Legal Domicile
IN
Principal Officer
Thomas Phillips
Phone
8128248833
Tax Period
2023-07-01 to 2024-06-30

Harvey Phillips Foundation Inc, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $238K in total revenue in fiscal year 2023.

Mission

Public Musical Performances

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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 $237,960
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $237,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,549
Fundraising Expenses $0
Program Expenses $234,712
Other Expenses $92,163
TOTAL EXPENSES $234,712

Year-over-Year Comparison

2023 2022 Change
Revenue $237,960 $228,087 +0.0%
Expenses $234,712 $269,290 -0.1%
Net Income $3,248 $-41,203 -1.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
2
$117,733
Total Directors
4
$0
Key Employees
1
$117,733
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Phillips Vice President 040.00
Officer Key Emp Highest
$117,733 $0 $117,733
Jesse Phillips MD Board Chairman 002.00
Director
$0 $0 $0
Jim Williams Board Member 002.00
Director
$0 $0 $0
Eric Strohecher Board Member 002.00
Director
$0 $0 $0
Norlan Bewley Board Member 002.00
Director
$0 $0 $0
Garnet Davis Treasurer 002.00
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 No data No data No data No data
2024 $237,960 $234,712 $406,774 $3,248
2023 $228,087 $269,290 $417,179 $-41,203
2022 $148,278 $220,922 $422,688 $-72,644
2021 $14,659 $246,090 $493,677 $-231,431
2020 $250,617 $231,315 $721,775 $19,302
2019 $280,277 $187,138 $706,911 $93,139
2018 $250,819 $189,404 $610,166 $61,415
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