THE PHEBE FOUNDATION

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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

2002

Legal Domicile

Principal Officer

SHARRON WILLIAMS

Phone

4406221626

Tax Period

2023-01-01 to 2023-12-31

THE PHEBE FOUNDATION, founded in 2002, is a small nonprofit in the Human Services sector that reported $308K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 35% operating margin.

Mission

THE FOUNDATION PROVIDES VARIOUS COMMUNITY-BASED SERVICES THROUGH EDUCATION AND EMPOWERMENT TO LOW-INCOME AND UNDERSERVED COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,119 Revenue: $59,750

WIRED 2 WORK PROGRAM - PROVIDES INTERNET ACCESS TO ELIGIBLE INDIVIDUALS, FAMILIES, AND HOUSEHOLDS WITHIN CUYAHOGA COUNTY

Program 2

Expenses: $138,320 Revenue: $161,591

FINANCIAL LITERACY PROGRAM - TEACHES YOUTH (STUDENTS; MINORITY) MALES, SINGLE MOTHERS, AND ADULTS ABOUT PERSONAL FINANCIAL MANAGEMENT, INCLUDING CREDIT AND BANKING, WEALTH BUILDING AND FINACIAL...

FINANCIAL LITERACY PROGRAM - TEACHES YOUTH (STUDENTS; MINORITY) MALES, SINGLE MOTHERS, AND ADULTS ABOUT PERSONAL FINANCIAL MANAGEMENT, INCLUDING CREDIT AND BANKING, WEALTH BUILDING AND FINACIAL INDEPENDENCE. THIS PROGRAM PREPARES PARTICIPANTS TO INCREASE THEIR KNOWLEDGE ABOUT THEIR FINANCES AND HOW TO MAKE DECISIONS ABOUT THEIR FINANCIAL SITUATIONS.

Program 3

Expenses: $47,669 Revenue: $57,800

WEALTH WELLNESS TEACHES PARTICIPANTS HOW TO TAKE CHARGE OF THEIR FINANCES AND BUILD THEIR WEALTH FOR TODAY AND PLAN FOR THE FUTURE. THIS PROGRAM IS CONDUCTED ON WEEKENDS.

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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 $307,731

Program Service Revenue $0

Investment Income $585

Other Revenue $0

TOTAL REVENUE $308,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,049

Fundraising Expenses $0

Program Expenses $188,108

Other Expenses $129,269

TOTAL EXPENSES $200,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,316	$189,622	+0.6%
Expenses	$200,318	$145,684	+0.4%
Net Income	$107,998	$43,938	+1.5%

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

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

$66,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARRON WILLIAMS	EXCUTIVE DIRECTOR	40.00	Director	$66,000	$0	$66,000
LYNN JOHNSON	CHAIRPERSON	5.00	Officer	$0	$0	$0
SHARRA THOMAS	TREASURER	4.00	Officer	$0	$0	$0
DEBORAH MILLER	SECRETARY	4.00	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
2024	No data	No data	No data	No data
2023	$308,316	$200,318	$223,293	$107,998
2022	$189,622	$145,684	$126,181	$43,938
2021	$150,400	$108,266	$80,638	$42,134