PHAWARE GLOBAL ASSOCIATION (EIN 474219478) - 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

2015

Legal Domicile

Principal Officer

STEPHEN VAN WORMER

Tax Period

2023-01-01 to 2023-12-31

PHAWARE GLOBAL ASSOCIATION, founded in 2015, is a small nonprofit in the Medical Research sector that reported $257K in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. Net assets of $847K represent 40 months of operating reserves.

Mission

CREATING GLOBAL PULMONARY HYPERTENSION AWARENESS THROUGH ENGAGEMENT AND INNOVATION TO FORGE A NEW COURSE TO A CURE.

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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 $230,593

Program Service Revenue $0

Investment Income $26,522

Other Revenue $0

TOTAL REVENUE $257,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50

Fundraising Expenses $0

Program Expenses $87

Other Expenses $268,805

TOTAL EXPENSES $268,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,115	$101,509	+1.5%
Expenses	$268,855	$153,352	+0.8%
Net Income	$-11,740	$-51,843	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMAN ZAMANIAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HESS	BOARD TREASURER	6.00	Director	$0	$0	$0
STEPHEN VAN WORMER	PRESIDENT	15.00	Officer 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	$257,115	$268,855	$847,317	$-11,740
2022	$101,509	$153,352	$858,901	$-51,843
2021	$484,122	$344,795	$911,775	$139,327
2020	$347,850	$528,409	$769,740	$-180,559
2019	$643,386	$544,876	$944,184	$98,510
2018	$267,461	$677,286	$844,787	$-409,825

PHAWARE GLOBAL ASSOCIATION