PHILA AREA INDPDNT SCHOOL BUSINESS (EIN 467526272) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

HEATHER GELTING

Phone

4845808844

Tax Period

2023-11-01 to 2024-10-31

PHILA AREA INDPDNT SCHOOL BUSINESS, founded in 2014, is a major nonprofit in the Mutual Benefit sector that reported $128.3M in total revenue in fiscal year 2023. Expenses of $145.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PAISBOA HEALTH BENEFIT TRUST IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) TREATED AS A SINGLE EMPLOYEE BENEFIT PLAN UNDER ERISA. ITS SOLE PURPOSE IS TO PROVIDE THE BENEFITS UNDER THE PAISBOA HEALTH BENEFIT PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $126,951,823

Investment Income $1,313,817

Other Revenue $75,576

TOTAL REVENUE $128,341,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,425

Fundraising Expenses $0

Program Expenses $135,971,815

Other Expenses $144,436,939

TOTAL EXPENSES $145,105,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,341,216	$122,145,832	+0.1%
Expenses	$145,105,364	$122,402,451	+0.2%
Net Income	$-16,764,148	$-256,619	+64.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$246,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA SCACHE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DONALD KATES	CHAIR UNTIL 3/15/24	1.00	Officer Director	$0	$0	$0
HAL DAVIDOW	SECRETARY UNTIL 6/30/24	1.00	Officer Director	$0	$0	$0
MARK GIBBONS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELE B TODD	CHAIR - CURRENT	1.00	Officer Director	$0	$0	$0
CHRISTINA ABBOTT	SECRETARY - CURRENT	1.00	Officer Director	$0	$0	$0
BOB ALISON	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ALOISE	DIRECTOR	1.00	Director	$0	$0	$0
HUNT BARTINE	DIRECTOR	1.00	Director	$0	$0	$0
KACEY BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
MITCH BILKER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CATANIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DYSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE FEDOROFF	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA FENSTERMAKER	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLEY FOWLKES	DIRECTOR	1.00	Director	$0	$0	$0
ALISON TARGET	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ZIELKE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER GELTING	EXECUTIVE DIRECTOR	40.00	Officer	$224,010	$22,177	$246,187
JOAN M BARONE	ASSOCIATE DIRECTOR	40.00	Highest	$151,305	$17,814	$169,119

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	$128,341,216	$145,105,364	$47,377,646	$-16,764,148
2023	$122,145,832	$122,402,451	$62,861,958	$-256,619
2022	$116,093,885	$112,234,657	$60,011,542	$3,859,228
2021	$109,180,414	$105,512,924	$57,205,186	$3,667,490
2020	$108,614,688	$92,347,290	$54,483,216	$16,267,398
2019	$102,812,592	$99,626,818	$36,368,831	$3,185,774

PHILA AREA INDPDNT SCHOOL BUSINESS