PHANTOM REGIMENT INC (EIN 237198026) - 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

1956

Legal Domicile

Principal Officer

KELLY COUVELAIRE

Phone

8152262835

Tax Period

2023-10-01 to 2024-09-30

PHANTOM REGIMENT INC, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PHANTOM REGIMENT'S VISION IS A WORLD FULL OF EMPOWERED AND PASSIONATE LEADERS. WE ACCOMPLISH THIS THROUGH OUR MISSION: PROVIDING LIFE-CHANGING EXPERIENCES THROUGH PERFORMING ARTS EDUCATION.

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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 $753,717

Program Service Revenue $1,839,335

Investment Income $9,996

Other Revenue $357,659

TOTAL REVENUE $2,960,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,390

Fundraising Expenses $261,927

Program Expenses $2,492,575

Other Expenses $2,733,021

TOTAL EXPENSES $3,051,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,960,707	$2,522,157	+0.2%
Expenses	$3,051,411	$2,695,931	+0.1%
Net Income	$-90,704	$-173,774	-0.5%

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

Volunteers

129

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

$27,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HASSAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBIN LANNING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EMILY BARCLAY	SECRETARY	2.00	Officer Director	$0	$0	$0
KELLY COUVELAIRE	TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS BARBER	DIRECTOR	1.00	Director	$0	$0	$0
JIM DEVINE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DUENKE	DIRECTOR	1.00	Director	$0	$0	$0
TIM FARRELL	DIRECTOR	1.00	Director	$27,956	$0	$27,956
JOE HICKEY	DIRECTOR	1.00	Director	$0	$0	$0
MISSY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HILDRETH	DIRECTOR	1.00	Director	$0	$0	$0
GREG NEWELL	DIRECTOR	1.00	Director	$0	$0	$0
AARON OZMINSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARK PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON STANSBURY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN TYSDAL	DIRECTOR	1.00	Director	$0	$0	$0
BARB PELAN	DIRECTOR EME	1.00	Director	$0	$0	$0
RON SCHULZ	DIRECTOR EME	1.00	Director	$0	$0	$0
JIM WREN	DIRECTOR EME	1.00	Director	$0	$0	$0
KATHY VIGNA	DIRECTOR EME	1.00	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	$2,960,707	$3,051,411	$1,871,604	$-90,704
2023	$2,522,157	$2,695,931	$1,922,368	$-173,774
2022	$3,170,575	$2,659,549	$2,015,777	$511,026
2021	$1,379,502	$887,788	$1,306,729	$491,714
2020	$829,110	$769,043	$990,727	$60,067
2019	$1,396,623	$1,549,619	$700,815	$-152,996
2018	$1,297,520	$1,498,541	$855,669	$-201,021

PHANTOM REGIMENT INC