PHOEBE SERVICES 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

1989

Legal Domicile

Phone

6107945142

Tax Period

2022-07-01 to 2023-06-30

PHOEBE SERVICES INC, founded in 1989, is a mid-sized nonprofit in the Community Improvement sector that reported $37.1M in total revenue in fiscal year 2022.

Mission

PHOEBE SERVICES, 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: $21,370,819 Revenue: $23,053,145

THE PHOEBE SERVICES, INC PHARMACY SERVICED 17,394 INDIVIDUALS DURING THE YEAR ENDED JUNE 30, 2023. THE RESIDENTS OF THE VARIOUS PHOEBE MINISTRIES' RETIREMENT COMMUNITIES BENEFIT FROM COST REDUCTIONS THROUGH BULK PURCHASING DISCOUNTS RECEIVED BY THE PHARMACY. SEE SCHEDULE O FOR MORE DETAILS ON PHOEBE PROGRAM SERVICES

Program 2

Expenses: $16,867,963 Revenue: $8,874,718

PHOEBE SERVICES PROVIDES MANAGEMENT SERVICES FOR RELATED 501(C)(3) ORGANIZATIONS TO ASSIST IN THE ORGANIZATIONS' MISSION TO SERVE THE AGING COMMUNITY, INCLUDING COMMUNICATIONS AND PASTORAL CARE. SEE...

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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 $2,000

Program Service Revenue $36,868,680

Investment Income $56,056

Other Revenue $185,867

TOTAL REVENUE $37,112,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,615,824

Fundraising Expenses $0

Program Expenses $38,238,782

Other Expenses $25,626,408

TOTAL EXPENSES $40,242,232

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,112,603	$36,925,367	+0.0%
Expenses	$40,242,232	$39,788,668	+0.0%
Net Income	$-3,129,629	$-2,863,301	+0.1%

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

282

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

$1,431,094

Total Directors

$827,853

Key Employees

$505,609

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	$790,121	$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	$351,542	$28,637	$380,179
N/A	CFO	40.0	Officer	$210,268	$12,794	$223,062
N/A	VP PHARMACY SERVICES	40.0	Key Emp	$246,572	$11,622	$258,194
N/A	VP HEALTHCARE OPERATIONS	40.0	Key Emp	$236,806	$10,609	$247,415
N/A	DIRECTOR, PHARMACY	40.0	Highest	$161,458	$6,760	$168,218
N/A	DIRECTOR, PHARMACY	40.0	Highest	$166,986	$16,627	$183,613
N/A	EXECUTIVE DIRECTOR HR	40.0	Highest	$179,410	$6,307	$185,717
N/A	DIRECTOR, CLINICAL PHARMACY	40.0	Highest	$163,246	$13,238	$176,484
N/A	PHARMACIST	40.0	Highest	$159,956	$4,865	$164,821
N/A	FORMER COO	40.0		$287,360	$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	$37,112,603	$40,242,232	$12,538,884	$-3,129,629
2022	$36,925,367	$39,788,668	$12,412,818	$-2,863,301
2021	$32,050,372	$36,508,979	$13,209,475	$-4,458,607
2020	$40,001,465	$42,808,743	$15,199,025	$-2,807,278
2019	$38,987,313	$40,715,774	$19,491,925	$-1,728,461
2018	$33,920,636	$36,768,967	$22,182,781	$-2,848,331