PHILLIS WHEATLEY ASSOCIATION (EIN 570327895) - 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

1920

Legal Domicile

Principal Officer

RANDY JACKSON

Phone

8642404242

Tax Period

2023-01-01 to 2023-12-31

PHILLIS WHEATLEY ASSOCIATION, founded in 1920, is a small nonprofit in the Human Services sector that reported $713K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $120K, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE, SOCIAL, CULTURAL, AND SPIRITUAL OPPORTUNITIES FOR ALL RESIDENTS OR GREENVILLE AND SURROUNDING AREAS.

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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 $489,556

Program Service Revenue $0

Investment Income $7,832

Other Revenue $215,522

TOTAL REVENUE $712,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,072

Fundraising Expenses $0

Program Expenses $515,524

Other Expenses $403,726

TOTAL EXPENSES $592,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,910	$600,208	+0.2%
Expenses	$592,798	$562,284	+0.1%
Net Income	$120,112	$37,924	+2.2%

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

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

$74,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY JACKSON	EXECUTIVE DI	40.00	Officer	$74,406	$0	$74,406
DENNIS BRAASCH	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS BRAASCH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERIA CLARKE	SECRETARY	1.00	Director	$0	$0	$0
JEFF GAUDIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES N HALTIWANGER JR	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM JUSTICE	BOARD MEMBER	1.00	Director	$0	$0	$0
TED KELLY	VICE CHAIR	1.00	Director	$0	$0	$0
RAY A LATTIMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADDY MATNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN NAIL	TREASURER	1.00	Director	$0	$0	$0
BRAD POCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA RICE	CHAIR	1.00	Director	$0	$0	$0
ART SEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY WALDEN	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$712,910	$592,798	$3,460,775	$120,112
2022	$600,208	$562,284	$3,345,703	$37,924
2021	$533,507	$436,401	$3,294,732	$97,106
2020	$474,426	$394,945	$3,236,514	$79,481

PHILLIS WHEATLEY ASSOCIATION