DR PHILLIPS INC

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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

1997

Legal Domicile

Principal Officer

KENNETH D ROBINSON

Phone

4074226105

Tax Period

2024-09-01 to 2025-08-31

DR PHILLIPS INC, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.1M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Net assets of $227.2M represent 208 months of operating reserves.

Mission

TO PRESERVE THE LEGACY OF THE DR. PHILLIPS FAMILY BY CONTINUING SUPPORT OF THE FREE ENTERPRISE SYSTEM AND PRIVATE PROPERTY RIGHTS. TO RESPONSIBLY SUPPORT THE CHARITABLE NEEDS OF CENTRAL FLORIDA THROUGH FUNDING AND COUNSEL. TO CONTINUE THE STANDARD OF EXCELLENCE, ACCOUNTABILITY AND RESPONSIBILITY ESTABLISHED BY THE PHILLIPS FAMILY.

Program Service Accomplishments

Program 1

Expenses: $12,786,026

SUPPORT ORGANIZATION FOR NAMED EXEMPT ORGANIZATIONS UNDER IRS 501(C)(3). SEE LIST OF GRANTS IN SCHEDULE A AND SCHEDULE I. IN ADDITION TO CASH CONTRIBUTIONS, THE ORGANIZATION HAS ENTERED INTO...

SUPPORT ORGANIZATION FOR NAMED EXEMPT ORGANIZATIONS UNDER IRS 501(C)(3). SEE LIST OF GRANTS IN SCHEDULE A AND SCHEDULE I. IN ADDITION TO CASH CONTRIBUTIONS, THE ORGANIZATION HAS ENTERED INTO COMMERCIAL LEASE ARRANGEMENTS WITH TWO OF ITS PRIMARY SUPPORTED ORGANIZATIONS, THE 4R FOUNDATION, INC. AND THE CENTRAL FLORIDA YMCA, AT NO COST OR BELOW MARKET RENTAL RATES. THE ANNUAL AMOUNT OF THE FREE AND REDUCED RENT PROVIDED TO THE SUPPORTED ORGANIZATIONS IS $948,485.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,950,613

Other Revenue $6,184,120

TOTAL REVENUE $13,134,733

Expense Breakdown

Grants Paid $9,138,945

Salaries & Benefits $3,075,276

Fundraising Expenses $0

Program Expenses $12,786,026

Other Expenses $1,158,944

TOTAL EXPENSES $13,373,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,134,733	$23,979,371	-0.5%
Expenses	$13,373,165	$13,292,791	+0.0%
Net Income	$-238,432	$10,686,580	-1.0%

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

$1,596,834

Total Directors

$1,370,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH D ROBINSON	PRESIDENT/DIRECTOR	50.00	Officer Director	$629,755	$72,769	$703,399
TODD BURNETT	SECRETARY/ DIRECTOR	2.00	Director	$2,000	$0	$3,500
JOHN HILLENMEYER	DIRECTOR	2.00	Director	$875	$0	$1,500
STEVE CASTINO	DIRECTOR	2.00	Director	$1,125	$0	$1,750
TERRY PRATHER	CHAIRMAN/DIRECTOR	2.00	Officer Director	$1,750	$0	$3,000
KEVIN BOLDING	DIRECTOR	2.00	Director	$1,250	$30,197	$374,266
JAMES K HASSON	MEMBER	1.00	Director	$0	$0	$0
ED F FUREY	MEMBER	1.00	Director	$0	$0	$0
GRACIELA NORIEGA JACOBY	DIRECTOR	2.00	Director	$0	$30,413	$282,666
ROBERT MILES	DIRECTOR	2.00	Director	$0	$0	$0
EM TUKDARIAN	TREASURER	50.00	Officer	$325,460	$70,974	$396,434
KATHERINE MARTIN	CHIEF GRANTS OFFICER	50.00	Officer	$134,807	$45,323	$180,130
THOMAS WILLIAMS	CHIEF OPERATING OFFICER	50.00	Officer	$229,362	$84,509	$313,871
SK DONNELLY	CONTROLLER	50.00	Highest	$179,524	$54,574	$234,098
IRIS SEGAL	DIRECTOR OF LEASING	50.00	Highest	$131,059	$59,150	$190,209

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	$13,134,733	$13,373,165	$230,159,798	$-238,432
2024	$23,979,371	$13,292,791	$231,492,900	$10,686,580
2023	$15,245,877	$13,374,322	$220,205,936	$1,871,555
2022	$19,084,709	$12,732,433	$219,173,154	$6,352,276
2021	$31,224,001	$11,835,776	$213,755,802	$19,388,225
2020	$8,471,951	$9,413,297	$191,636,591	$-941,346