PARTNERSHIP FOR A NEW PHOEBUS INC

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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

1985

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

PARTNERSHIP FOR A NEW PHOEBUS INC, founded in 1985, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE PARTNERSHIP IS ORGANIZED FOR THE PURPOSE OF IMPROVING, CONSERVING, AND REVITALIZING THE BUSINESS, HOUSING, SOCIAL AND ECONOMIC CONDITIONS ASSOCIATED WITH THE QUALITY OF LIFE OF THE CITIZENS OF THE PHOEBUS AREA OF HAMPTON, VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $156,206 Revenue: $129,219

PHOEBUS EVENTS LLC

Program 2

Expenses: $131,618 Revenue: $82,432

NEW PHOEBUS INC.

Program 3

Expenses: $83,372 Revenue: $65,616

HAMPTON CUP REGATTA LLC

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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 $78,930

Program Service Revenue $277,267

Investment Income $0

Other Revenue $0

TOTAL REVENUE $356,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $371,196

Other Expenses $380,131

TOTAL EXPENSES $380,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,197	$311,200	+0.1%
Expenses	$380,131	$218,461	+0.7%
Net Income	$-23,934	$92,739	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DOOP	Secretary	0.00	Director	$0	$0	$0
ROBIN CARPENTER	President	3.00	Director	$0	$0	$0
COLLEEN WALKER	Treasurer	8.00	Director	$0	$0	$0
LAURA SANDFORD	Vice President	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
2025	$356,197	$380,131	$237,581	$-23,934
2024	No data	No data	No data	No data
2023	$317,558	$283,867	$175,484	$33,691