PHILOS FOUNDATION 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

1974

Legal Domicile

Principal Officer

GEORGE LARSEN

Phone

6305728228

Tax Period

2023-07-01 to 2024-06-30

PHILOS FOUNDATION INC, founded in 1974, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.8M, a strong 61% operating margin.

Mission

TO PROVIDE MULTIPLE LEVELS OF SOCIAL SERVICES SUPPORT AND POSTIVELY IMPACT THE LIVES OF PEOPLE IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $107,139 Revenue: $6,014

THE ORGANIZATION IS PRIORITIZING GRANTMAKING ON SOCIAL WELFARE PROGRAMS WHILE ALSO EXPANDING ITS SUPPORT FOR DISASTER-RELATED INITIATIVES TO ADDRESS URGENT COMMUNITY NEEDS.

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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 $67,852

Program Service Revenue $6,014

Investment Income $2,779,555

Other Revenue $138,748

TOTAL REVENUE $2,992,169

Expense Breakdown

Grants Paid $107,139

Salaries & Benefits $766,255

Fundraising Expenses $0

Program Expenses $107,139

Other Expenses $301,482

TOTAL EXPENSES $1,174,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,992,169	$-193,580	-16.5%
Expenses	$1,174,876	$1,027,494	+0.1%
Net Income	$1,817,293	$-1,221,074	-2.5%

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

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

$362,023

Total Directors

$149,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BOKOS	PRESIDENT/DIRECTOR	15.00	Officer Director	$100,207	$40,784	$140,991
JAMES MULLIGAN	CHAIRPERSON	3.00	Officer Director	$3,000	$0	$3,000
GEORGE LARSEN	VICE CHAIRPERSON	2.00	Officer Director	$1,500	$0	$1,500
JOSEPH BIGANE III	TREASURER	2.00	Officer Director	$2,500	$0	$2,500
ALEXIS GAUGHAN	SECRETARY	2.00	Officer Director	$1,500	$0	$1,500
TRISTA BORDIGNON	EXECUTIVE DIRECTOR	40.00	Officer	$179,720	$32,812	$212,532

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	$2,992,169	$1,174,876	$33,189,593	$1,817,293
2023	$-193,580	$1,027,494	$29,159,187	$-1,221,074
2022	$5,207,288	$1,721,928	$26,784,425	$3,485,360
2021	$8,278,284	$8,414,150	$31,949,803	$-135,866
2020	$4,814,106	$5,312,222	$28,274,509	$-498,116
2019	$6,085,971	$5,598,100	$29,317,687	$487,871
2018	$6,396,312	$5,630,374	$29,744,425	$765,938