PHMC WEST (FORMERLY RESEARCH FOR BETTER SCHOOLS INC) (EIN 236411869) - 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

1965

Legal Domicile

Principal Officer

ROBERT BLOCK

Phone

2159852500

Tax Period

2022-07-01 to 2023-06-30

PHMC WEST (FORMERLY RESEARCH FOR BETTER SCHOOLS INC), founded in 1965, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $26.9M exceeded revenue, resulting in a 986% operating deficit.

Mission

TO UNDERTAKE ACTIVITIES RELATED TO PUBLIC HEALTH CAMPUS ON CEDAR AVE IN PHILA, PA.

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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 $0

Program Service Revenue $2,276,009

Investment Income $183,825

Other Revenue $16,573

TOTAL REVENUE $2,476,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,558,461

Fundraising Expenses $0

Program Expenses $26,481,712

Other Expenses $24,330,798

TOTAL EXPENSES $26,889,259

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,476,407	$10,733,324	-0.8%
Expenses	$26,889,259	$10,289,251	+1.6%
Net Income	$-24,412,852	$444,073	-56.0%

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

$1,869,582

Total Directors

$1,897,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD COHEN	PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$1,278,216
ROBERT BLOCK	TREASURER	1.00	Officer Director	$0	$0	$591,366
SAMUEL PATTERSON	MEMBER	1.00	Director	$0	$0	$0
MICHAEL PEARSON	MEMBER	1.00	Director	$0	$28,000	$28,000

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	$2,476,407	$26,889,259	$87,208,530	$-24,412,852
2022	$10,733,324	$10,289,251	$22,062,860	$444,073
2021	$470,008	$545,965	$10,491,319	$-75,957

PHMC WEST (FORMERLY RESEARCH FOR BETTER SCHOOLS INC)