POSITIVE HEALTH PROJECT INC

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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

1996

Legal Domicile

Principal Officer

CHARLES KING

Phone

2124658304

Tax Period

2023-07-01 to 2024-06-30

POSITIVE HEALTH PROJECT INC, founded in 1996, is a small nonprofit in the Health Care sector that reported $550K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 141% operating deficit.

Mission

PHP IS A NOT-FOR-PROFIT, CULTURALLY DIVERSE, COMMUNITY-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF DRUG USERS, SEX WORKERS AND OTHERS WHO ENGAGE IN BEHAVIOR THAT PUTS THEM AND THE COMMUNITY AT RISK FOR HIV/AIDS, (SEE SCHEDULE O) HEPATITIS AND OTHER SEXUALLY TRANSMITTED DISEASES.

Program Service Accomplishments

Program 1

Expenses: $1,062,395

POSITIVE HEALTH PROJECT, INC. ("PHP") IS A NOT-FOR-PROFIT, CULTURALLY DIVERSE, COMMUNITY-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF DRUG USERS, SEX WORKERS, AND OTHERS WHO ENGAGE IN BEHAVIOR THAT PUTS THEM AND THE COMMUNITY AT RISK FOR HIV/AIDS, HEPATITIS AND OTHER SEXUALLY TRANSMITTED DISEASES. PHP ACCOMPLISHES THIS BY PROVIDING DISEASE PREVENTION, SOCIAL AND CLINICAL HEALTH SERVICES, AND EDUCATION BASED IN THE HARM REDUCTION PHILOSOPHY. POSITIVE HEALTH PROJECT, INC. IS FUNDED PRIMARILY FROM GOVERNMENT AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $549,180

Program Service Revenue $0

Investment Income $0

Other Revenue $792

TOTAL REVENUE $549,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,653

Fundraising Expenses $0

Program Expenses $1,062,395

Other Expenses $943,996

TOTAL EXPENSES $1,323,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$549,972	$2,007,335	-0.7%
Expenses	$1,323,649	$1,736,159	-0.2%
Net Income	$-773,677	$271,176	-3.9%

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

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

$1,662,282

Total Directors

$1,459,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BERNARDO	BOARD MEMBER	1.00	Officer Director	$0	$33,170	$382,326
CHARLES KING	CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$20,958	$473,511
ANDREW COAMEY	TREASURER	1.00	Officer Director	$0	$35,201	$283,789
ANDREW GREENE	BOARD MEMBER	1.00	Director	$0	$35,242	$319,730
PAT TROY	EXECUTIVE DIRECTOR	1.00	Officer	$0	$30,958	$248,562
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,199	$274,094
MAXIMO SEPULVEDA	MANAGING DIRECTOR-HARM REDUCTION	40.00	Highest	$105,248	$12,260	$117,508

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	$549,972	$1,323,649	$829,439	$-773,677
2023	$2,007,335	$1,736,159	$600,288	$271,176
2022	$478,306	$898,848	$833,024	$-420,542
2021	$433,542	$672,787	$1,141,071	$-239,245
2020	$418,259	$795,761	$832,912	$-377,502
2019	$419,967	$801,549	$479,783	$-381,582
2018	$455,355	$620,066	$361,911	$-164,711