THE PHD PROJECT ASSOCIATION

EIN: 202610773 501(c)(3) Civil Rights & Advocacy

MONTVALE, NJ

Total Revenue
$3,547,888
Total Expenses
$2,714,824
Total Assets
$2,758,664
Net Assets
$2,180,297
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Principal Officer
BLANE RUSCHAK
Phone
2013077662
Tax Period
2023-07-01 to 2024-06-30

THE PHD PROJECT ASSOCIATION, founded in 2005, is a community nonprofit in the Civil Rights & Advocacy sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $833K, a strong 23% operating margin.

Mission

A BROADER TALENT PIPELINE OF CURRENT AND FUTURE BUSINESS LEADERS COMMITTED TO EXCELLENCE AND TO EACH OTHER.

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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 $3,524,826
Program Service Revenue $0
Investment Income $23,062
Other Revenue $0
TOTAL REVENUE $3,547,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $361,635
Program Expenses $1,705,647
Other Expenses $2,714,824
TOTAL EXPENSES $2,714,824

Year-over-Year Comparison

2023 2022 Change
Revenue $3,547,888 $2,000,211 +0.8%
Expenses $2,714,824 $3,118,172 -0.1%
Net Income $833,064 $-1,117,961 -1.7%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
115

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFONZO ALEXANDER CHAIR 0.50
Officer Director
$0 $0 $0
JEN WYNE VICE CHAIR 0.50
Officer Director
$0 $0 $0
BLANE RUSCHAK PRESIDENT 40.00
Officer Director
$0 $0 $0
KURT HEISSENBUTTEL SECRETARY 0.50
Officer Director
$0 $0 $0
NEIL BOSLAND BOARD MEMBER 0.50
Director
$0 $0 $0
CRYSTAL COOKE BOARD MEMBER 0.50
Director
$0 $0 $0
ROSANNA DURRUTHY BOARD MEMBER 0.50
Director
$0 $0 $0
YVONNE HINSON BOARD MEMBER 0.50
Director
$0 $0 $0
CAROLYNN JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN PRICE BOARD MEMBER 0.50
Director
$0 $0 $0
AL RENSHAW BOARD MEMBER 0.50
Director
$0 $0 $0
SANDRA RICHTERMEYER BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA SPROUL BOARD MEMBER 0.50
Director
$0 $0 $0
JEREMY VAN EK BOARD MEMBER 0.50
Director
$0 $0 $0
SABRINA WHITE BOARD MEMBER 0.50
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 No data No data No data No data
2024 $3,547,888 $2,714,824 $2,758,664 $833,064
2023 $2,000,211 $3,118,172 $1,608,113 $-1,117,961
2022 $1,384,348 $2,068,450 $2,576,486 $-684,102
2021 $2,872,226 $1,318,649 $3,174,411 $1,553,577
2020 $1,600,197 $2,742,114 $1,673,179 $-1,141,917
2019 $2,435,867 $2,619,726 $2,784,748 $-183,859
2018 $1,989,213 $2,080,018 $2,941,300 $-90,805
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