THE PHOENIX RESIDENCE 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

1996

Legal Domicile

Principal Officer

DARLENE SCOTT

Phone

6512277655

Tax Period

2024-01-01 to 2024-12-31

THE PHOENIX RESIDENCE INC, founded in 1996, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $13.1M left a modest 4% surplus.

Mission

THE PHOENIX RESIDENCE, INC. IS COMMITTED TO DEVELOPING PERSON CENTERED QUALITY LIVING EXPERIENCES FOR PERSONS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $11,417,703 Revenue: $13,333,138

RESIDENTAL SERVICES FOR THE DEVELOPMENTALLY DISABLED AND PHYSICALLY HANDICAPPED ADULTS.

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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 $225,018

Program Service Revenue $13,331,038

Investment Income $54,608

Other Revenue $118,429

TOTAL REVENUE $13,729,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,886,946

Fundraising Expenses $16,215

Program Expenses $11,417,703

Other Expenses $3,258,462

TOTAL EXPENSES $13,145,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,729,093	$12,268,724	+0.1%
Expenses	$13,145,408	$12,739,154	+0.0%
Net Income	$583,685	$-470,430	-2.2%

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

403

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

$630,273

Total Directors

$267,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA BURROWES	DIRECTOR	4.00	Director	$0	$0	$0
KIRSTEN GREGERSON	SECRETARY	4.00	Director	$0	$0	$0
ELIZABETH JOHNSON	DIRECTOR	4.00	Officer Director	$0	$0	$0
JAMES WOODARD JR	DIRECTOR	4.00	Officer Director	$0	$0	$0
ERIC SCHULTZ	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER BUCHANAN	VICE CHAIR	4.00	Director	$0	$0	$0
DARLENE SCOTT	PRESIDENT	40.00	Officer Director	$254,328	$0	$267,607
GARRETT COLAO	CHAIRMAN	4.00	Director	$0	$0	$0
JEFFERY POINTS	DIRECTOR	4.00	Director	$0	$0	$0
JULIE NAGORSKI	DIRECTOR	4.00	Director	$0	$0	$0
JAMIE GRUPE	TREASURER	4.00	Director	$0	$0	$0
MARY THIRSTEN	VP OF OPERATIONS	30.00	Officer	$120,386	$0	$139,300
PAM CONNOLLY	FORMER VP OF FINANCIAL SERVICES	40.00	Officer	$96,629	$0	$100,779
ALAN BERNER	VP OF COMMUNITY SERVICES	40.00	Officer	$122,587	$0	$122,587

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	$13,729,093	$13,145,408	$9,621,258	$583,685
2023	$12,268,724	$12,739,154	$9,308,889	$-470,430
2022	$12,498,852	$13,313,653	$10,079,825	$-814,801
2021	$12,129,691	$12,772,460	$9,462,501	$-642,769
2020	$14,346,916	$12,920,521	$10,094,801	$1,426,395
2019	$11,783,057	$11,503,959	$8,443,827	$279,098
2018	$10,852,602	$10,884,259	$8,629,881	$-31,657