IOTA PHI Foundation of Pittsburgh Inc (EIN 232907335) - 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

1997

Legal Domicile

Principal Officer

Rahmon Hart Sr Chairman

Tax Period

2025-01-01 to 2025-12-31

IOTA PHI Foundation of Pittsburgh Inc, founded in 1997, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $366K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED BY PROFESSIONAL EDUCATED AFRICAN-AMERICAN MALES WHO VOLUNTEER TO IMPROVE THE QUALITY OF LIFE OF PEOPLE IN THE GREATER PITTSBURGH COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $54,082

Program Service Revenue $272,523

Investment Income $0

Other Revenue $0

TOTAL REVENUE $326,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,139

Other Expenses $366,130

TOTAL EXPENSES $366,130

Year-over-Year Comparison

	2025	2024	Change
Revenue	$326,605	$421,645	-0.2%
Expenses	$366,130	$336,664	+0.1%
Net Income	$-39,525	$84,981	-1.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Andre Patterson	Director	Director	$0	$0	$0
Jake Wheatley	Director	Director	$0	$0	$0
Albert Reese	Director	Director	$0	$0	$0
Frank Walker	Director	Director	$0	$0	$0
Joseph Washington	Director	Director	$0	$0	$0
Jermaine Younger	Director	Director	$0	$0	$0
Rahmon Hart Sr	Chairman	Officer	$0	$0	$0
Larry Meadows	Vice Chairman	Officer	$0	$0	$0
Kenneth Minefield	Treasurer	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
2025	$326,605	$366,130	$563,094	$-39,525
2024	$421,645	$336,664	$601,220	$84,981
2023	$379,109	$294,935	$549,692	$84,174
2023	$379,109	$294,935	$549,692	$84,174
2022	$264,701	$209,584	$452,642	$55,117
2021	$298,272	$107,508	$397,525	$190,764
2020	$131,311	$140,436	$206,761	$-9,125
2018	$129,993	$127,043	$73,126	$2,950

IOTA PHI Foundation of Pittsburgh Inc