PHILADELPHIA FOLKLORE PROJECT (EIN 232568080) - 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

1989

Legal Domicile

Principal Officer

MIA KANG

Phone

2157261106

Tax Period

2023-09-01 to 2024-08-31

PHILADELPHIA FOLKLORE PROJECT, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $194K in total revenue in fiscal year 2023. Net assets of $571K represent 35 months of operating reserves.

Mission

PFP WORKS TO SUSTAIN VITAL AND DIVERSE LIVING CULTURAL HERITAGE IN COMMUNITIES IN OUR REGION THROUGH COLLABORATIVE PROJECTS, RESEARCH, DOCUMENTATION AND EDUCATION, PRIORITIZING FOLK AND TRADITIONAL ARTS IN SERVICE OF SOCIAL CHANGE.

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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 $116,190

Program Service Revenue $77,560

Investment Income $105

Other Revenue $0

TOTAL REVENUE $193,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,150

Fundraising Expenses $9,866

Program Expenses $125,103

Other Expenses $119,916

TOTAL EXPENSES $203,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,855	$180,471	+0.1%
Expenses	$203,066	$320,707	-0.4%
Net Income	$-9,211	$-140,236	-0.9%

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

$13,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIA KANG	EXECUTIVE DI	40.00	Officer	$13,000	$0	$13,000
SHARON FRIEDLER	SECRETARY	2.00	Officer Director	$0	$0	$0
SAUNDRA GILLIARD	CO-CHAIR	2.00	Officer Director	$0	$0	$0
DR FARIHA I KHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RECHELLE MCJETT-BEATTY	TREASURER	2.00	Officer Director	$0	$0	$0
JEANNINE OSAYANDE	CO-CHAIR	2.00	Officer 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
2024	$193,855	$203,066	$573,973	$-9,211
2023	$180,471	$320,707	$611,982	$-140,236
2022	$305,462	$320,095	$766,753	$-14,633
2021	$186,381	$273,755	$759,838	$-87,374
2020	$375,853	$232,146	$835,197	$143,707
2019	$200,948	$496,908	$699,659	$-295,960

PHILADELPHIA FOLKLORE PROJECT