Phillips University 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

1907

Legal Domicile

Principal Officer

ANGELA KAUFMAN

Phone

5802374433

Tax Period

2020-07-01 to 2021-06-30

Phillips University Inc, founded in 1907, is a micro nonprofit that reported $42K in total revenue in fiscal year 2020. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 7766% operating deficit.

Mission

TO MAKE SCHOLARSHIPS AND/OR GRANTS AVAILABLE TO : (I) INDIVIDUALS PURSUING A LIBERAL ARTS CURRICULUM AND ATTENDING A PRIVATE COLLEGE OR UNIVERSITY; AND (II) FACULTY AND STAFF OF PRIVATE, LIBERAL ARTS COLLEGES OR UNIVERSITIES PURSUING ADVANCED EDUCATIONAL STUDIES, IN ORDER TO ENABLE BOTH TO PAY THE EXPENSES OF HIGHER EDUCATION AND TO RECEIVE A HIGHER QUALITY OF EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $3,273,315

TO MAKE SCHOLARSHIPS AND/OR GRANTS AVAILABLE TO: (I) INDIVIDUALS PURSUING A LIBERAL ARTS CURRICULUM AND ATTENDING A PRIVATE COLLEGE OR UNIVERSITY; AND (II) FACULTY AND STAFF OF PRIVATE, LIBERAL ARTS COLLEGES OR UNIVERSITIES PURSUING ADVANCED EDUCATIONAL STUDIES, IN ORDER TO ENABLE BOTH TO PAY THE EXPENSES OF HIGHER EDUCATION AND TO RECEIVE A HIGHER QUALITY OF EDUCATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $29,216

Other Revenue $13,120

TOTAL REVENUE $42,336

Expense Breakdown

Grants Paid $3,184,012

Salaries & Benefits $113,706

Fundraising Expenses $0

Program Expenses $3,273,315

Other Expenses $32,486

TOTAL EXPENSES $3,330,204

Year-over-Year Comparison

	2020	2019	Change
Revenue	$42,336	$199,372	-0.8%
Expenses	$3,330,204	$431,946	+6.7%
Net Income	$-3,287,868	$-232,574	+13.1%

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

$86,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY COKER	VICE PRESIDENT/EXEC DIRECTOR	22.0	Officer	$77,742	$8,304	$86,046
GENE CHALLENNER	SECRETARY	1.0	Officer Director	$0	$0	$0
BARRY K ROBINSON	CHAIR	1.0	Officer Director	$0	$0	$0
TOM WALKER	TRUSTEE	1.0	Director	$0	$0	$0
DON ALEXANDER	TRUSTEE	1.0	Director	$0	$0	$0
KIRBY GOULD	TRUSTEE	1.0	Director	$0	$0	$0
LEON WHITNEY	TRUSTEE	1.0	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
2021	$42,336	$3,330,204	No data	$-3,287,868
2020	$199,372	$431,946	$3,286,762	$-232,574
2019	$1,102,581	$723,405	$2,769,542	$379,176
2018	$299,051	$395,638	$2,342,344	$-96,587