PHOENIX HOMES FOR ELDERLY INC (EIN 582207174) - 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

1995

Legal Domicile

Principal Officer

KAY HALE

Phone

4235874500

Tax Period

2023-07-01 to 2024-06-30

PHOENIX HOMES FOR ELDERLY INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2023. Expenses of $199K exceeded revenue, resulting in a 20% operating deficit.

Mission

HOUSING FOR LOW-INCOME ELDERLY

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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 $47,612

Program Service Revenue $119,145

Investment Income $7

Other Revenue $0

TOTAL REVENUE $166,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,498

Other Expenses $199,498

TOTAL EXPENSES $199,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,764	$166,172	+0.0%
Expenses	$199,498	$235,517	-0.2%
Net Income	$-32,734	$-69,345	-0.5%

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

N/A

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
KAY HALE	PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE BENTHAL	DIRECTOR	0.10	Director	$0	$0	$0
LANE WOLFENBARGER	DIRECTOR	0.10	Director	$0	$0	$0
JACK YATES	VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
BARBARA MASON	DIRECTOR	0.10	Director	$0	$0	$0
BILL MITRIK	SECRETARY	0.10	Officer Director	$0	$0	$0
MICHAEL COLLINS	DIRECTOR	0.10	Director	$0	$0	$0
MEGAN BARNARD	DIRECTOR	0.10	Director	$0	$0	$0
WILL SLIGER	DIRECTOR	0.10	Director	$0	$0	$0
RENE TABOR	DIRECTOR	0.10	Director	$0	$0	$0
MISTY CAMERON	DIRECTOR	0.10	Director	$0	$0	$0
SUSAN LUKER	EXECUTIVE VICE PRESIDENT	0.10	Officer	$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
2025	No data	No data	No data	No data
2024	$166,764	$199,498	$820,722	$-32,734
2023	$166,172	$235,517	$846,801	$-69,345
2022	$174,722	$201,810	$918,785	$-27,088
2021	$171,792	$194,312	$948,117	$-22,520
2020	$174,346	$197,243	$974,759	$-22,897
2019	$157,081	$187,078	$995,014	$-29,997

PHOENIX HOMES FOR ELDERLY INC