THE NUCI PHILLIPS MEMORIAL FOUNDATION INC (EIN 582409414) - 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

1999

Legal Domicile

Principal Officer

JENNIFER DAVIDSON

Phone

7062271515

Tax Period

2023-01-01 to 2023-12-31

THE NUCI PHILLIPS MEMORIAL FOUNDATION INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $831K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF NUCIS SPACE IS TO PREVENT SUICIDE BY PROVIDING OBSTACLE-FREE TREATMENT FOR MUSICIANS SUFFERING FROM DEPRESSION AND OTHER RELATED DISORDERS

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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 $578,910

Program Service Revenue $237,801

Investment Income $13,610

Other Revenue $1,036

TOTAL REVENUE $831,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,623

Fundraising Expenses $76,519

Program Expenses $688,472

Other Expenses $309,964

TOTAL EXPENSES $898,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$831,357	$1,065,158	-0.2%
Expenses	$898,587	$660,081	+0.4%
Net Income	$-67,230	$405,077	-1.2%

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

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
Nadine Forche	President	2.00	Officer Director	$0	$0	$0
Richard Daniels	Vice President	2.00	Officer Director	$0	$0	$0
Brant Rackley	Treasurer	2.00	Officer Director	$0	$0	$0
Michelle Arington	Secretary	2.00	Officer Director	$0	$0	$0
Lisa H Allen	Director	1.00	Director	$0	$0	$0
Fances Beusse	Director	1.00	Director	$0	$0	$0
Dr Dorian Lamis	Director	1.00	Director	$0	$0	$0
DRee Church-Krohn	Director	1.00	Director	$0	$0	$0
Jack E Jones III	Director	1.00	Director	$0	$0	$0
Jennifer Davidson	Director	1.00	Director	$0	$0	$0
Michael Dwyer	Director	1.00	Director	$0	$0	$0
Dr Bill Orr	Director	1.00	Director	$0	$0	$0
Elizabeth Elmore	Director	1.00	Director	$0	$0	$0
Bryan Howard	Director	1.00	Director	$0	$0	$0
David Sutherland II	Director	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	$831,357	$898,587	$1,369,545	$-67,230
2022	$1,065,158	$660,081	$2,024,873	$405,077
2021	$941,996	$675,157	$1,618,585	$266,839
2021	$1,517,807	$799,704	$1,785,508	$718,103
2020	$1,010,748	$730,206	$1,117,688	$280,542
2019	$696,709	$683,625	$772,302	$13,084
2018	$602,575	$540,417	$757,987	$62,158
2017	$810,022	$837,891	$714,861	$-27,869

THE NUCI PHILLIPS MEMORIAL FOUNDATION INC