The Phillis Wheatley Association Inc (EIN 340714787) - 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

1911

Legal Domicile

Principal Officer

Richard King

Phone

2163914443

Tax Period

2023-01-01 to 2023-12-31

The Phillis Wheatley Association Inc, founded in 1911, is a micro nonprofit in the Human Services sector that reported $57K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 331% operating deficit.

Mission

Providing meals and social services to clients

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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 $17,275

Program Service Revenue $0

Investment Income $19,771

Other Revenue $20,364

TOTAL REVENUE $57,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,554

Fundraising Expenses $3,259

Program Expenses $106,109

Other Expenses $144,096

TOTAL EXPENSES $247,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,410	$996,307	-0.9%
Expenses	$247,650	$254,813	0.0%
Net Income	$-190,240	$741,494	-1.3%

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

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

$43,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Craig Thompson	Board President	2.00	Officer Director	$0	$0	$0
Thomas Harrington	First Vice President	1.00	Officer Director	$0	$0	$0
Jeanette Haynes-Gordon	Second Vice President	1.00	Officer Director	$0	$0	$0
Christine Gregory	Third Vice President	1.00	Officer Director	$0	$0	$0
Ronald V Johnson Jr	President PWAEmeritus LLC	1.00	Officer Director	$0	$0	$0
Karine Miller	Treasurer	1.00	Officer Director	$0	$0	$0
Martha Harris	Trustee	0.50	Director	$0	$0	$0
Kimberly H Jones	Trustee	0.50	Director	$0	$0	$0
Karen Murray-Banks	Trustee	0.50	Director	$0	$0	$0
Terricita Thomas	Trustee	0.50	Director	$0	$0	$0
Richard King	Executive Director	30.00	Key Emp	$43,200	$0	$43,200

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	No data	No data	No data	No data
2023	$57,410	$247,650	$1,266,198	$-190,240
2022	$996,307	$254,813	$1,482,213	$741,494
2021	$202,313	$274,586	$774,630	$-72,273
2020	$209,406	$290,245	$846,491	$-80,839
2019	$272,493	$350,756	$894,843	$-78,263

The Phillis Wheatley Association Inc