PHOEBE HOME INC

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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

1984

Legal Domicile

Phone

6107945142

Tax Period

2022-07-01 to 2023-06-30

PHOEBE HOME INC, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $39.0M in total revenue in fiscal year 2022.

Mission

PHOEBE HOME, inc. IS AN AFFILIATED ENTITY OF PHOEBE MINISTRIES. ITS MISSION ADHERES TO THE PHOEBE MINISTRIES' MISSION: "A COMMUNITY OF FAITH, CALLED BY GOD, to enrich the lives of our seniors, their families, and the communities we serve."

Program Service Accomplishments

Program 1

Expenses: $36,209,074 Revenue: $37,055,872

1) SKILLED NURSING - PHOEBE HOME PROVIDES QUALITY NURSING CARE IN A COMFORTABLE HEALTH CARE CENTER. THE PHOEBE HOME SKILLED NURSING PROGRAM SERVED 862 INDIVIDUALS FOR THEIR YEAR ENDED JUNE 30, 2023. THEY HAD 86,490 SKILLED NURSING CARE CENSUS DAYS DURING THAT TIME WHICH WAS APPROXIMATELY 91.59% OCCUPANCY. ADDITIONALLY, 260,167 NURSING CARE HOURS WERE DEVOTED TO ACCOMPLISHING THIS PROGRAM SERVICE. 2) PERSONAL CARE - PHOEBE HOME PROVIDES INTERMEDIATE LEVELS OF CARE WHEN INDIVIDUALS NEED HELP WITH SOME ACTIVITIES OF DAILY LIVING BUT DO NOT REQUIRE 24 HOUR SKILLED NURSING CARE. THE PHOEBE HOME PERSONAL CARE PROGRAM SERVED 84 INDIVIDUALS FOR THEIR YEAR ENDED JUNE 30, 2023. THEY HAD 18,466 PERSONAL CARE CENSUS DAYS DURING THAT TIME, WHICH WAS APPROXIMATELY 91.73% OCCUPANCY. ADDITIONALLY, 28,882 NURSING CARE HOURS WERE DEVOTED TO ACCOMPLISHING THIS PROGRAM SERVICE. 3) INDEPENDENT LIVING - PHOEBE HOME PROVIDEs COMPREHENSIVE, INDEPENDENT LIVING SERVICES FOR AGING PEOPLE. THE PHOEBE HOME INDEPENDENT LIVING PROGRAM SERVED 118 INDIVIDUALS FOR THE YEAR ENDED JUNE 30, 2023. THEY HAD 989 INDEPENDENT LIVING UNITS DURING THAT TIME which was APPROXIMATELY 93.65% OCCUPANCY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,539,408

Program Service Revenue $37,055,872

Investment Income $146,465

Other Revenue $249,412

TOTAL REVENUE $38,991,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,270,653

Fundraising Expenses $0

Program Expenses $36,209,074

Other Expenses $19,466,600

TOTAL EXPENSES $41,737,253

Year-over-Year Comparison

	2022	2021	Change
Revenue	$38,991,157	$39,940,244	0.0%
Expenses	$41,737,253	$38,702,125	+0.1%
Net Income	$-2,746,096	$1,238,119	-3.2%

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

606

Volunteers

151

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

$1,431,094

Total Directors

$827,853

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER (UNTIL 01/01/23)	1.0	Officer Director	$0	$0	$0
N/A	TREASURER (AS OF 01/01/23)	1.0	Officer Director	$0	$0	$0
N/A	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT/CEO	40.0	Officer Director	$0	$37,732	$827,853
N/A	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	COO	40.0	Officer	$0	$28,637	$380,179
N/A	CFO	40.0	Officer	$0	$12,794	$223,062
N/A	LPN UNIT MANAGER	40.0	Highest	$146,606	$11,589	$158,195
N/A	LIC PRACTICAL NURSE	40.0	Highest	$171,336	$5,336	$176,672
N/A	RN POOL	40.0	Highest	$125,130	$8,584	$133,714
N/A	RN SUPERVISOR	40.0	Highest	$149,162	$4,343	$153,505
N/A	EXECUTIVE DIRECTOR	40.0	Highest	$127,157	$0	$127,157
N/A	FORMER COO	40.0		$0	$0	$287,360

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	No data	No data	No data	No data
2023	$38,991,157	$41,737,253	$35,197,334	$-2,746,096
2022	$39,940,244	$38,702,125	$44,194,675	$1,238,119
2021	$39,439,760	$37,291,919	$47,388,491	$2,147,841
2020	$37,033,122	$39,548,454	$44,042,871	$-2,515,332
2019	$35,173,949	$36,390,189	$45,202,363	$-1,216,240
2018	$34,434,337	$37,072,518	$47,831,679	$-2,638,181