PHN CHARITABLE FOUNDATION

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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

2006

Legal Domicile

Principal Officer

CARL A SIZER

Phone

7249812875

Tax Period

2024-09-01 to 2025-08-31

PHN CHARITABLE FOUNDATION, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $814K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $290K, a strong 36% operating margin.

Mission

TO INCREASE ACCESS TO HEALTH CARE SERVICES AND IMPROVE HEALTH AND QUALITY OF LIFE IN THE COMMUNITIES PRIMARY HEALTH NETWORK SERVES.

Program Service Accomplishments

Program 1

Expenses: $432,568 Revenue: $412,554

TO INCREASE ACCESS TO HEALTH CARE SERVICES AND IMPROVE HEALTH AND QUALITY OF LIFE IN THE COMMUNITIES PRIMARY HEALTH NETWORK SERVES.

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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 $15,252

Program Service Revenue $240,422

Investment Income $114,412

Other Revenue $444,409

TOTAL REVENUE $814,495

Expense Breakdown

Grants Paid $38,000

Salaries & Benefits $191,870

Fundraising Expenses $4,105

Program Expenses $432,568

Other Expenses $294,445

TOTAL EXPENSES $524,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,495	$889,643	-0.1%
Expenses	$524,315	$584,494	-0.1%
Net Income	$290,180	$305,149	0.0%

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

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

$633,442

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR 'BUDDY' WHITE	DIRECTOR/PAST CHAIR	1.00	Director	$0	$0	$0
DAN BELL	DIRECTOR	1.00	Director	$0	$0	$0
BILL HILLGROVE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MCGONIGLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK LONGETTI	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KIGHTLINGER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL GOLDSTONE	DIRECTOR	1.00	Director	$0	$0	$0
JENNA BATES	DIRECTOR	1.00	Director	$0	$0	$0
DR TIMOTHY GOETZE	DIRECTOR	1.00	Director	$0	$0	$0
APRIL TORRENCE	CHAIR	1.00	Officer	$0	$0	$0
GEORGE GARROW	CEO	1.00	Key Emp	$0	$54,992	$422,930
CARL SIZER	CFO	1.00	Key Emp	$0	$40,049	$210,512

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
2025	$814,495	$524,315	$12,514,240	$290,180
2024	$889,643	$584,494	$12,582,927	$305,149
2023	$768,701	$552,049	$12,801,514	$216,652
2022	$601,221	$623,835	$12,947,759	$-22,614
2021	$1,010,601	$1,031,125	$10,616,960	$-20,524
2020	$1,208,179	$1,386,483	$10,731,333	$-178,304
2019	$1,743,667	$1,788,803	$9,664,280	$-45,136