PHOENIX SERVICE CORPORATION (EIN 411677109) - 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

1990

Legal Domicile

Principal Officer

DARLENE SCOTT

Phone

6512277655

Tax Period

2024-01-01 to 2024-12-31

PHOENIX SERVICE CORPORATION, founded in 1990, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

PHOENIX SERVICE CORPORATION IS DEDICATED TO ASSISTING INDIVIDUALS WITH DISABILITIES LIVE A LIFE OF CHOICE THROUGH INTERDEPENDENCE, COMMUNITY NETWORKS, AND CIRCLE OF FRIENDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,180,593

Investment Income $13,262

Other Revenue $0

TOTAL REVENUE $2,193,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,858,416

Fundraising Expenses $0

Program Expenses $2,266,074

Other Expenses $599,288

TOTAL EXPENSES $2,457,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,193,855	$1,940,723	+0.1%
Expenses	$2,457,704	$1,807,572	+0.4%
Net Income	$-263,849	$133,151	-3.0%

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

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

$507,685

Total Directors

$267,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J IVANCE MD	CHAIRMAN	4.00	Officer Director	$0	$0	$0
DARLENE M SCOTT	PRESIDENT/CEO	10.00	Officer Director	$13,279	$0	$267,606
ERIC SCHULTZ	DIRECTOR	4.00	Director	$0	$0	$0
DEBORAH GILLIS	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
ALLISON ARMSTRONG	DIRECTOR	4.00	Director	$0	$0	$0
MIKE SEMSCH	SECRETARY/TREASURER	4.00	Officer	$0	$0	$0
CHRIS WINTER	DIRECTOR	10.00	Officer	$0	$0	$0
MARY THIRSTEN	VP OF OPERATION	10.00	Officer	$18,914	$0	$139,300
PAM CONNOLLY	FORMER VP OF FINANCIAL SERVICES	5.00	Officer	$4,150	$0	$100,779

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	$2,193,855	$2,457,704	$1,334,359	$-263,849
2023	$1,940,723	$1,807,572	$1,571,026	$133,151
2022	$1,664,669	$1,654,360	$1,144,280	$10,309
2021	$1,531,069	$1,393,304	$1,114,164	$137,765
2020	$1,497,886	$1,339,898	$992,494	$157,988
2019	$1,103,540	$1,010,911	$780,365	$92,629
2018	$852,198	$820,509	$665,979	$31,689

PHOENIX SERVICE CORPORATION