PHYLLIS WHEATLEY COMMUNITY CENTER INC

EIN: 410706132 501(c)(3) Human Services

Minneapolis, MN

Total Revenue
$2,794,294
Total Expenses
$3,162,524
Total Assets
$3,674,869
Net Assets
$3,002,193
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MN
Principal Officer
Valerie Stevenson
Phone
6123744342
Tax Period
2023-01-01 to 2023-12-31

PHYLLIS WHEATLEY COMMUNITY CENTER INC, founded in 1924, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

Phyllis Wheatley programs address the needs of children, youth, families, and elders by providing tailored education and skill-building opportunities to help individuals and families discover their strengths, develop their personal networks of support, and take control of their futures.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,168,727
Program Service Revenue $1,591,668
Investment Income $32,587
Other Revenue $1,312
TOTAL REVENUE $2,794,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,632,479
Fundraising Expenses $325,796
Program Expenses $2,236,874
Other Expenses $1,478,049
TOTAL EXPENSES $3,162,524

Year-over-Year Comparison

2023 2022 Change
Revenue $2,794,294 $3,218,933 -0.1%
Expenses $3,162,524 $3,169,624 0.0%
Net Income $-368,230 $49,309 -8.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
32
Volunteers
150

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
4
$0
Total Directors
5
$0
Key Employees
1
$120,506
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suzanne Burks Executive Director 40
Key Emp
$117,329 $0 $120,506
Kenard Rockette Board Director 1
Director
$0 $0 $0
Batala-Ra McFarlane Board Director 1
Director
$0 $0 $0
Molly Greenman Board Director 1
Director
$0 $0 $0
Bryan Tyner Board Director 1
Director
$0 $0 $0
Cliff Shaw Board Director 1
Director
$0 $0 $0
Scott Morris Chair 1
Officer
$0 $0 $0
Adriene Thornton Vice Chair 1
Officer
$0 $0 $0
Trent Bowman Treasurer 2
Officer
$0 $0 $0
Erica Edwards Secretary 1
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
2024 No data No data No data No data
2023 $2,794,294 $3,162,524 $3,674,869 $-368,230
2022 $3,218,933 $3,169,624 $3,998,298 $49,309
2021 $2,770,647 $2,733,098 $3,835,158 $37,549
2020 $2,201,734 $1,845,940 $3,644,875 $355,794
2020 $2,357,791 $1,918,158 $3,912,789 $439,633
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