The Phillips Black Inc A Nonprofit Interest Law Pr (EIN 452437353) - 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

2011

Legal Domicile

Phone

8885320897

Tax Period

2024-06-01 to 2025-05-31

The Phillips Black Inc A Nonprofit Interest Law Pr, founded in 2011, is a community nonprofit in the Crime & Legal sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.5M left a modest 10% surplus.

Mission

Phillips Black consists of independent practitioners collectively dedicated to providing the highest quality of legal representation to prisoners in the USA sentenced to the severest penalties under law; contributes to the rule of law (continued on schedule O)

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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 $758,616

Program Service Revenue $1,901,506

Investment Income $18,384

Other Revenue $75,632

TOTAL REVENUE $2,754,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,333,148

Fundraising Expenses $0

Program Expenses $2,344,942

Other Expenses $1,141,326

TOTAL EXPENSES $2,474,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,754,138	$3,509,146	-0.2%
Expenses	$2,474,474	$2,118,916	+0.2%
Net Income	$279,664	$1,390,230	-0.8%

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

$131,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Merrigan	Principal AttorneyEx Director	40.00	Officer	$131,468	$0	$131,468
Jay Ferguson	Board Member	1.00	Director	$0	$0	$0
Jonathan Broun	Board member	1.00	Director	$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
2025	$2,754,138	$2,474,474	$2,096,998	$279,664
2024	$3,509,146	$2,118,916	$1,809,957	$1,390,230
2023	$1,867,362	$1,945,311	$687,490	$-77,949
2022	$1,951,053	$2,039,255	$1,157,179	$-88,202
2021	$1,496,148	$1,277,993	$920,112	$218,155
2020	$1,325,832	$1,280,592	$592,196	$45,240
2019	$1,239,986	$1,200,469	$647,195	$39,517

The Phillips Black Inc A Nonprofit Interest Law Pr