PHI CHI WELFARE ASSN INC C/O DANA … - Form 990 Financial Data

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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

1901

Legal Domicile

Principal Officer

LAWRENCE LEBLOND

Phone

8129237270

Tax Period

2023-12-01 to 2024-11-30

PHI CHI WELFARE ASSN INC C/O DANA MURPHY, founded in 1901, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. Expenses of $741K exceeded revenue, resulting in a 1453% operating deficit.

Mission

TO SUPPORT AND ADVISE INDIVIDUAL MEDICAL STUDENTS AND MEDICAL EDUCATION.

Program Service Accomplishments

Program 1

TO SUPPORT AND ADVISE INDIVIDUAL MEDICAL STUDENTS AND MEDICAL EDUCATION THROUGH SCHOLARSHIPS, LOANS, GRANTS, LIBRARIES, AND EQUIPMENT.

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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 $4,685

Program Service Revenue $0

Investment Income $37,685

Other Revenue $5,330

TOTAL REVENUE $47,700

Expense Breakdown

Grants Paid $701,320

Salaries & Benefits $1,001

Fundraising Expenses $0

Other Expenses $38,516

TOTAL EXPENSES $740,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,700	$21,429	+1.2%
Expenses	$740,837	$38,123	+18.4%
Net Income	$-693,137	$-16,694	+40.5%

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
SHILPEN PATEL	PRESIDENT	4.00	Officer Director	$0	$0	$0
LAWRENCE LEBLOND	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
ASHLEY LANEHART	BOARD MEMBER	4.00	Director	$0	$0	$0
TAYLOR NEWSOME	BOARD MEMBER	4.00	Director	$0	$0	$0
GARY GILBERT-HOWES	BOARD MEMBER	4.00	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	$47,700	$740,837	$5,788	$-693,137
2023	$21,429	$38,123	$560,666	$-16,694
2022	$-49,898	$69,636	$566,209	$-119,534
2021	$153,110	$35,771	$639,083	$117,339
2020	$15,632	$38,314	$504,744	$-22,682

PHI CHI WELFARE ASSN INC C/O DANA MURPHY