PHILADELPHIA ARMS TOWNHOMES 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

2007

Legal Domicile

Principal Officer

Michael Whaley

Phone

3022283864

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA ARMS TOWNHOMES INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $210K in total revenue in fiscal year 2024.

Mission

The Philadelphia Arms Townhomes Inc. is a non-profit organization dedicated to providing resources and programing to alleviate poverty issues in Sussex County of Delaware by supporting individuals and families in the areas of homelessness, healthy living, and mental wellness that lead them to improved self-empowerment and self-sufficiency in those areas of need.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Form 990, Part III, Line 4d - PROVIDING TRANSITIONAL AND LOW-INCOME HOUSING

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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 $29,500

Program Service Revenue $0

Investment Income $0

Other Revenue $180,092

TOTAL REVENUE $209,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,031

Fundraising Expenses $0

Program Expenses $209,718

Other Expenses $89,687

TOTAL EXPENSES $209,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,592	$217,301	0.0%
Expenses	$209,718	$215,138	0.0%
Net Income	$-126	$2,163	-1.1%

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

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
Major Foster	Past Chair	1	Officer	$0	$0	$0
Michael Whaley	Chair	1	Officer	$0	$0	$0
Tiana Bowden	Secretary	1	Officer	$0	$0	$0
Malia Wise	Vice Chair	1	Officer	$0	$0	$0
Elizabeth Williams	Treasurer	1	Officer	$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	$209,592	$209,718	$14,495	$-126
2023	$217,301	$215,138	$1,143	$2,163
2022	$293,897	$295,565	$1,143	$-1,668
2021	$192,489	$232,845	$2,790	$-40,356
2020	$216,724	$193,583	$29,199	$23,141