PHI OMEGA INCORPORATED (EIN 561518660) - 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

1986

Legal Domicile

Principal Officer

BRENDA T HODGE

Phone

3367689381

Tax Period

2023-01-01 to 2023-12-31

PHI OMEGA INCORPORATED, founded in 1986, is a small nonprofit that reported $233K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $58K, a strong 25% operating margin.

Mission

Provide quality affordable housing for low and moderate income citizens and a facility for community activities such as educational workshops for middle and high school students.

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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 $0

Program Service Revenue $226,554

Investment Income $6,491

Other Revenue $0

TOTAL REVENUE $233,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,658

Other Expenses $174,793

TOTAL EXPENSES $174,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,045	$251,987	-0.1%
Expenses	$174,793	$217,756	-0.2%
Net Income	$58,252	$34,231	+0.7%

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
Janet Wheeler	President	2.00	Officer Director	$0	$0	$0
Virginia Newell	V. President	2.00	Officer Director	$0	$0	$0
Brenda Hodge	Treasurer	2.00	Officer Director	$0	$0	$0
Hazel McGill	Secretary	2.00	Officer Director	$0	$0	$0
Alma Corbett	Corresponding Secretary	1.00	Officer Director	$0	$0	$0
Annette Wilson	Financial Secretary	1.00	Officer Director	$0	$0	$0
Candice Wooten-Brown	Director	0.50	Director	$0	$0	$0
LaDessa Cunningham	Director	0.50	Director	$0	$0	$0
Stephanie Sanders-Pratt	Director	0.50	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	$233,045	$174,793	$565,478	$58,252
2022	$251,987	$217,756	$524,275	$34,231
2021	$251,077	$229,871	$507,046	$21,206
2020	$257,574	$264,574	$512,260	$-7,000
2019	$270,914	$241,000	$552,715	$29,914
2018	$273,405	$243,689	$646,912	$29,716

PHI OMEGA INCORPORATED