PHILADELPHIA MENTAL HEALTH CLINIC INC (EIN 231532882) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

KEREY PARNES

Phone

2157359379

Tax Period

2024-07-01 to 2025-06-30

PHILADELPHIA MENTAL HEALTH CLINIC INC, founded in 1953, is a community nonprofit in the Mental Health sector that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE PHILADELPHIA MENTAL HEALTH CENTER WAS FOUNDED BY DR. EDWARD K. PARNES 15 1953 AS A NON-PROFIT TO PROVIDE AFFORDABLE PROFESSIONAL MENTAL HEALTH SERVICES IN PHILADELPHIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,658,354

Investment Income $1,204

Other Revenue $0

TOTAL REVENUE $8,659,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,294,529

Fundraising Expenses $0

Program Expenses $8,022,009

Other Expenses $7,923,606

TOTAL EXPENSES $9,218,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,659,558	$9,739,322	-0.1%
Expenses	$9,218,135	$9,735,264	-0.1%
Net Income	$-558,577	$4,058	-138.6%

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

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

$219,638

Total Directors

$219,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEREY PARNES	CEO	37.50	Officer Director	$206,073	$13,565	$219,638
LISA ALEXOFF	PRESIDENT	2.00	Officer Director	$0	$0	$0
TED WILLIS	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK SMALL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SEGAL	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY P O BRIEN	DIRECTOR	2.00	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	$8,659,558	$9,218,135	$406,916	$-558,577
2024	$9,739,322	$9,735,264	$468,627	$4,058
2023	$8,037,608	$9,021,687	$439,149	$-984,079
2022	$7,675,404	$8,061,910	$995,715	$-386,506
2021	$7,964,306	$7,860,467	$1,542,009	$103,839
2020	$7,951,686	$7,937,666	$1,061,162	$14,020
2019	$8,762,993	$8,996,653	$399,388	$-233,660
2018	$7,934,460	$8,409,635	$1,040,446	$-475,175

PHILADELPHIA MENTAL HEALTH CLINIC INC