THE PHOENIX RESIDENCE INC

EIN: 416170035 501(c)(3)

ST PAUL, MN

Total Revenue
$13,729,093
Total Expenses
$13,145,408
Total Assets
$9,621,258
Net Assets
$7,886,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
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.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
403
Volunteers
45

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
6
$630,273
Total Directors
11
$267,607
Key Employees
0
$0
Highest Compensated
0
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
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