HOMEOWNERS ASSOCIATION OF PHILA AND PHILADELPHIA COUNCIL OF PROPERTY OW (EIN 231969652) - 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

1970

Legal Domicile

Principal Officer

GREG WERTMAN

Phone

2156841684

Tax Period

2024-01-01 to 2024-12-31

HOMEOWNERS ASSOCIATION OF PHILA AND PHILADELPHIA COUNCIL OF PROPERTY OW, founded in 1970, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $437K exceeded revenue, resulting in a 73% operating deficit.

Mission

PROTECT OWNERS FROM UNJUST AND ARBITRARY ORDINANCES AND DECISIONS DETRIMENTAL TO THE RIGHTS OF CITIZENS AS PROPERTY OWNERS AND TO PRESERVE HOME OWNERSHIP. ALSO, PREPARE FOR PROCESSING LEGAL (LEGAL REPRESENTATION) DOCUMENTS THAT ARE NECESSARY.

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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 $208,795

Investment Income $43,721

Other Revenue $0

TOTAL REVENUE $252,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,341

Fundraising Expenses $0

Program Expenses $221,852

Other Expenses $226,758

TOTAL EXPENSES $437,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,516	$325,989	-0.2%
Expenses	$437,099	$408,882	+0.1%
Net Income	$-184,583	$-82,893	+1.2%

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

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

$36,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WERTMAN	PRESIDENT	10.00	Officer	$12,999	$0	$12,999
SYED MAZ ALAM	TREASURER &	5.00	Officer	$11,699	$0	$11,699
BRIAN JACKSON	1ST VICE PRE	5.00	Officer	$11,699	$0	$11,699
VINCENT BAKANAUSKAS	RECORDING SE	1.00	Officer	$0	$0	$0
HOWARD BERNSTEIN	2ND VICE PRE	1.00	Officer	$0	$0	$0
ROBERT L JACKSON	3RD VICE PRE	1.00	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
2024	$252,516	$437,099	$1,163,016	$-184,583
2023	$325,989	$408,882	$1,321,346	$-82,893
2022	$286,512	$381,066	$1,371,464	$-94,554
2021	$295,125	$346,955	$1,491,546	$-51,830
2020	$236,998	$416,000	$1,551,384	$-179,002
2019	$358,930	$419,550	$1,730,899	$-60,620
2018	$334,851	$389,127	$1,789,203	$-54,276

HOMEOWNERS ASSOCIATION OF PHILA AND PHILADELPHIA COUNCIL OF PROPERTY OW