THE PHD PROJECT ASSOCIATION

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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

2005

Legal Domicile

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

TO EXPAND THE POOL OF WORKPLACE TALENT BY DEVELOPING BUSINESS SCHOOL FACULTY WHO ENCOURAGE, MENTOR AND SUPPORT TOMORROW'S LEADERS.

Program Service Accomplishments

Program 1

Expenses: $1,705,647 Revenue: $0

THE PHD PROJECT ENCOURAGES AN INCLUSIVE VARIETY OF PROFESSIONALS TO PURSUE A PHD IN BUSINESS WHO THEN SERVE AS ROLE MODELS FOR FUTURE GENERATIONS OF BUSINESS LEADERS. WE HELD TWO ANNUAL CONFERENCES DURING FY24 (NOV. 2023 & MARCH 2024). 402 INDIVIDUALS APPLIED FOR THE TWO CONFERENCES, 335 WERE INVITED AND 287 ATTENDED.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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