PHILIPPIAN GARDENS INC (EIN 232583401) - 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

MARY F STALLINGS-WHITING

Phone

2154555000

Tax Period

2024-01-01 to 2024-12-31

PHILIPPIAN GARDENS INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $523K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $581K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING RENTAL HOUSING TO FINANCIALLY DISADVANTAGED ELDERLY AND/OR INDIVIDUALS WITH DISABILITIES RECEIVING RENTAL ASSISTANCE FROM HUD.

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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 $267,334

Program Service Revenue $201,269

Investment Income $8

Other Revenue $54,103

TOTAL REVENUE $522,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,983

Fundraising Expenses $0

Program Expenses $389,577

Other Expenses $430,057

TOTAL EXPENSES $580,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,714	$449,934	+0.2%
Expenses	$580,723	$529,245	+0.1%
Net Income	$-58,009	$-79,311	-0.3%

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

$72,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY F STALLINGS-WHITING	PRESIDENT	0.50	Officer Director	$0	$0	$0
SHIRLEY BEST	SECRETARY/ T	0.25	Officer Director	$0	$0	$0
NELLY E CRUZ	BOARD MEMBER	0.25	Director	$0	$0	$0
KERMIT GRIFFIN	BOARD MEMBER	0.25	Director	$0	$0	$0
MARION A JOHNSON	BOARD MEMBER	0.25	Director	$0	$0	$0
KEVIN WHITING	BOARD MEMBER	0.25	Director	$0	$0	$0
ELAINE TOMLIN	BOARD MEMBER	0.25	Director	$0	$0	$0
PATRICIA BRACKEEN	BOARD MEMBER	0.25	Director	$0	$0	$0
FAWNDA BRACKEEN	EXECUTIVE DI	35.00	Officer	$63,700	$8,683	$72,383

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	$522,714	$580,723	$1,199,741	$-58,009
2023	$449,934	$529,245	$1,280,405	$-79,311
2022	$431,860	$508,695	$1,338,213	$-76,835
2021	$410,122	$516,604	$1,417,495	$-106,482
2020	$401,219	$517,555	$1,520,107	$-116,336

PHILIPPIAN GARDENS INC