PHOENIX HOUSING CORPORATION (EIN 611152553) - 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

1988

Legal Domicile

Principal Officer

RONALD KIBBEY

Phone

8597456516

Tax Period

2023-07-01 to 2024-06-30

PHOENIX HOUSING CORPORATION, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $243K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $209K left a modest 14% surplus.

Mission

PROVIDE GOVERNMENT SUBSIDIZED HOUSING IN WINCHESTER, KENTUCKY.

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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 $155,305

Program Service Revenue $87,528

Investment Income $31

Other Revenue $0

TOTAL REVENUE $242,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,013

Other Expenses $209,354

TOTAL EXPENSES $209,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,864	$218,417	+0.1%
Expenses	$209,354	$276,264	-0.2%
Net Income	$33,510	$-57,847	-1.6%

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
RONALD KIBBEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETTY JANE GLASSCOCK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DARREN HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER GORMLEY DRURY	SECRETARY	1.00	Officer Director	$0	$0	$0
COLE MAIER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
HENRY BRANHAM	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS CLEM	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
2025	No data	No data	No data	No data
2024	$242,864	$209,354	$194,164	$33,510
2023	$218,417	$276,264	$205,337	$-57,847
2022	$223,495	$237,117	$291,938	$-13,622
2021	$212,033	$219,300	$295,831	$-7,267
2020	$213,165	$219,334	$300,966	$-6,169
2019	$198,913	$207,809	$308,625	$-8,896

PHOENIX HOUSING CORPORATION