PHILIPS TOWER DECATUR INC

EIN: 581112549 501(c)(3)

QUITMAN, GA

Total Revenue
$3,294,518
Total Expenses
$2,637,708
Total Assets
$5,031,196
Net Assets
$3,599,500
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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
1988
Legal Domicile
GA
Principal Officer
ALEX PATTERSON
Phone
2292636191
Tax Period
2023-01-01 to 2023-12-31

PHILIPS TOWER DECATUR INC, founded in 1988, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. The organization ran a surplus of $657K, a strong 20% operating margin.

Mission

PHILIPS TOWER PROVIDES AFFORDABLE RESIDENTIAL HOUSING TO LOW INCOME SENIOR ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,117
Program Service Revenue $3,110,125
Investment Income $40,161
Other Revenue $143,115
TOTAL REVENUE $3,294,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $717,884
Fundraising Expenses $0
Program Expenses $1,881,718
Other Expenses $1,919,824
TOTAL EXPENSES $2,637,708

Year-over-Year Comparison

2023 2022 Change
Revenue $3,294,518 $3,425,775 0.0%
Expenses $2,637,708 $2,472,884 +0.1%
Net Income $656,810 $952,891 -0.3%
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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Governance

Voting Members
11
Independent Members
10
Employees
8
Volunteers
10

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
7
$783,557
Total Directors
11
$435,659
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX PATTERSON PRESIDENT/CEO 1.00
Officer Director
$0 $54,854 $435,659
REV TONY SUNDERMEIER CHAIR 1.00
Officer Director
$0 $0 $0
JACK BENEDICT TREASURER 1.00
Officer Director
$0 $0 $0
LATIVIA ALSTON BOARD MEMBER 1.00
Director
$0 $0 $0
C DUNCAN BEARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARION GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS E JONES JR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT H NEEL BOARD MEMBER 1.00
Director
$0 $0 $0
S MARK ROBERSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVIS C STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES H MORGAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
DIANNE ARRENDALE CFO 1.00
Officer
$0 $18,271 $173,797
GWEN HARDY COO 1.00
Officer
$0 $1,488 $105,640
STACY BANNWORTH ADMINISTRATOR 40.00
Officer
$59,460 $9,001 $68,461
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 $3,294,518 $2,637,708 $5,031,196 $656,810
2022 $3,425,775 $2,472,884 $4,345,247 $952,891
2021 $3,315,530 $2,366,631 $3,771,264 $948,899
2020 $2,908,194 $2,459,916 $2,786,772 $448,278
2019 $2,677,452 $2,399,863 $2,434,957 $277,589
2018 $2,231,273 $2,385,133 $2,377,289 $-153,860
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