Philippine Cultural Foundation 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

1995

Phone

8139251232

Tax Period

2024-05-01 to 2025-04-30

Philippine Cultural Foundation Inc, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $298K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $530K exceeded revenue, resulting in a 78% operating deficit.

Mission

To preserve & present the Philippine culture as our legacy to the youth and future generations. To contribute to the diversity & richness of cultures in the region , the state of Florida and the USA. Preserving and celebrating the Philippine heritage particularly to mixed heritage and/or those born here, allows them to receive that part of their identity and helps them better understand themselves and become better contributing citizens.

Program Service Accomplishments

Program 1

Expenses: $44,372 Revenue: $131,668

Phi PhilFest (annual Philippine festival) a 3-day weekend fiesta or festival that mimics those back in the Philippines. There are lots of Philipino food, musical and dance competitions and...

Phi PhilFest (annual Philippine festival) a 3-day weekend fiesta or festival that mimics those back in the Philippines. There are lots of Philipino food, musical and dance competitions and presentations featuring traditional and street dancing, singing competitions, the Mrs. PhilFest fundraising competition and a whole host of opportunities for families and friends to celebrate the Philipino identity together

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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 $18,820

Program Service Revenue $13,114

Investment Income $10

Other Revenue $266,076

TOTAL REVENUE $298,020

Expense Breakdown

Grants Paid $100

Salaries & Benefits $78,092

Fundraising Expenses $0

Program Expenses $50,847

Other Expenses $451,901

TOTAL EXPENSES $530,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,020	$516,198	-0.4%
Expenses	$530,093	$486,183	+0.1%
Net Income	$-232,073	$30,015	-8.7%

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

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

$37,440

Total Directors