PHOENIX MINISTRIES 3 INC (EIN 475217326) - 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

MELISSA CLAYTON

Phone

3038303300

Tax Period

2024-01-01 to 2024-12-31

PHOENIX MINISTRIES 3 INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $873K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $3.6M represent 49 months of operating reserves.

Mission

PHOENIX MINISTRIES 3, INC. (PM3I) WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ARIZONA, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $592,555

Program Service Revenue $271,022

Investment Income $194

Other Revenue $9,691

TOTAL REVENUE $873,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $827,459

Other Expenses $849,280

TOTAL EXPENSES $849,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$873,462	$805,826	+0.1%
Expenses	$849,280	$875,030	0.0%
Net Income	$24,182	$-69,204	-1.3%

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

N/A

Employees

N/A

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

$958,084

Total Directors

$503,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KASSIDI BOENING	VICE PRESIDENT	0.10	Officer Director	$0	$31,209	$195,151
MELISSA CLAYTON	PRESIDENT	0.10	Officer Director	$0	$35,478	$308,489
CHAD PAYNE	TREASURER	0.10	Officer	$0	$9,965	$211,480
JOE ROSENBLUM	SECRETARY	0.10	Officer	$0	$10,382	$242,964

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	$873,462	$849,280	$6,470,098	$24,182
2023	$805,826	$875,030	$6,519,439	$-69,204
2022	$793,148	$911,177	$6,621,215	$-118,029
2021	$744,802	$903,488	$6,773,678	$-158,686
2020	$745,543	$803,804	$6,977,951	$-58,261
2019	$724,682	$768,539	$7,107,793	$-43,857
2018	$742,123	$809,061	$7,282,701	$-66,938

PHOENIX MINISTRIES 3 INC