ABINGDON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PEOPLE INCORPORATED FINANCIAL SERVICES INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $919K, a strong 26% operating margin.
TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.
BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 125 JOBS WERE CREATED AND RETAINED AS A RESULT OF...
BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 125 JOBS WERE CREATED AND RETAINED AS A RESULT OF COMMUNITY ECONOMIC DEVELOPMENT PROGRAM ACTIVITIES. BUSINESS LENDING & TRAINING: 1,128 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS. CONSUMER LENDING & EDUCATION: 387 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,542,230 | $2,174,921 | +0.6% |
| Expenses | $2,623,189 | $2,297,356 | +0.1% |
| Net Income | $919,041 | $-122,435 | -8.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRYAN PHIPPS | PRESIDENT/CEO | 1.00 |
Officer
|
$0 | $3,634 | $200,696 |
| CHARLOTTE MULLINS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILLY TAYLOR | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELIA COMBS TUGGLE | TREASURER (THRU 05/2025) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MCCRACKEN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM BUTLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PEGGY KISER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALICE MEADE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAN SELBO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS SHORTRIDGE | DIRECTOR (THRU 07/2025) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,542,230 | $2,623,189 | $8,083,485 | $919,041 |
| 2024 | $2,174,921 | $2,297,356 | $8,688,506 | $-122,435 |
| 2023 | $3,189,156 | $2,848,713 | $11,055,198 | $340,443 |
| 2022 | $4,663,057 | $4,152,341 | $9,830,118 | $510,716 |
| 2021 | $2,723,664 | $2,140,388 | $9,480,957 | $583,276 |
| 2020 | $2,329,666 | $2,059,639 | $8,772,148 | $270,027 |
| 2019 | $1,662,856 | $1,591,052 | $7,935,513 | $71,804 |
| 2018 | $3,441,153 | $3,401,759 | $8,130,113 | $39,394 |
Compare PEOPLE INCORPORATED FINANCIAL SERVICES INC with other nonprofits in Virginia and across the country.