Phased In (EIN 464123649) - 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

2013

Legal Domicile

Principal Officer

Joel Webb

Phone

8172010034

Tax Period

2023-01-01 to 2023-12-31

Phased In, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $363K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $433K exceeded revenue, resulting in a 20% operating deficit.

Mission

Phased In is a transitional living program for emancipated youth. Our goal is to assist these young adults in learning basic life skills that will prepare them for independent living by providing housing, education, medical care, and life skills training.

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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 (2023)

Revenue Breakdown

Contributions & Grants $295,133

Program Service Revenue $0

Investment Income $2,187

Other Revenue $65,296

TOTAL REVENUE $362,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,311

Fundraising Expenses $0

Program Expenses $359,161

Other Expenses $250,086

TOTAL EXPENSES $433,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,616	$919,728	-0.6%
Expenses	$433,397	$399,192	+0.1%
Net Income	$-70,781	$520,536	-1.1%

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cindy Wright	President	5.00	Officer	$0	$0	$0
Joel Webb	Treasurer	5.00	Officer	$0	$0	$0
Cameron McBride	Secretary	10.00	Officer	$0	$0	$0
Darrell Trout	Exec Director	40.00	Director	$60,000	$0	$60,000
Blake Walker	Director	5.00	Director	$0	$0	$0
Kile Bateman	Director	5.00	Director	$0	$0	$0
Colby Van Sickler	Director	5.00	Director	$0	$0	$0
Kristen Grogan	Director	5.00	Director	$0	$0	$0
Jeff Nacol	Director	5.00	Director	$0	$0	$0
Tamara Graff	Director	5.00	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
2024	No data	No data	No data	No data
2023	$362,616	$433,397	$1,538,713	$-70,781
2022	$919,728	$399,192	$1,523,818	$520,536
2021	$277,849	$405,614	$528,277	$-127,765
2020	$254,121	$264,918	$548,205	$-10,797
2019	$309,306	$340,153	$595,293	$-30,847
2018	$348,484	$252,251	$662,289	$96,233
2017	$513,514	$347,706	$599,521	$165,808

Phased In