THE PHELPS FOUNDATION (EIN 850615136) - 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

2020

Legal Domicile

Phone

3137799531

Tax Period

2023-01-01 to 2023-12-31

THE PHELPS FOUNDATION, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 955% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 52% operating margin.

Mission

We strive to help the homeless and veteran communities by providing affordable rental housing with a focus on individuals and families currently in shelters.

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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 $242,188

Program Service Revenue $921

Investment Income $0

Other Revenue $0

TOTAL REVENUE $243,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $560

Program Expenses $33,967

Other Expenses $117,756

TOTAL EXPENSES $117,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,109	$23,033	+9.6%
Expenses	$117,756	$24,198	+3.9%
Net Income	$125,353	$-1,165	-108.6%

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

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
Renee Bryant	Director	N/A	Director	$0	$0	$0
Wallace Phelps	Director	N/A	Director	$0	$0	$0
McKinley Phelps	Director	N/A	Director	$0	$0	$0
Odessa Jones	Secretary	N/A	Officer	$0	$0	$0
Carmen Phelps	Chairman	N/A	Officer	$0	$0	$0
Theresa Phelps	Treasurer	N/A	Officer	$0	$0	$0
Christopher Dunn	Asset Manager	N/A	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	No data	No data	No data	No data
2023	$243,109	$117,756	$277,717	$125,353
2022	$23,033	$24,198	$137,367	$-1,165
2021	$49,700	$53,549	$138,532	$-3,849
2020	$187,796	$45,415	$142,381	$142,381

THE PHELPS FOUNDATION