PTHA CHARITIES (EIN 852731013) - 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

Principal Officer

JEFFREY A MATTY JR

Phone

2156382012

Tax Period

2023-01-01 to 2023-12-31

PTHA CHARITIES, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $18K in total revenue in fiscal year 2023. Revenue surged 2201% from the prior year, signaling strong growth momentum. Expenses of $26K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS TO STABLE EMPLOYEES OF ANY THOROUGHBRED RACE TRACKS IN EASTERN PENNSYLVANIA WHO ARE IN NEED OF AID DUE TO EMERGENCY HARDSHIP SUCH AS SERIOUS ILLNESS, ACCIDENTIAL INJURY, DEATH, VIOLENT CRIME, LOSS OF HOME, NATURAL DISASTER, ETC., AND TO PROVIDE FOR SCHOLARSHIPS FOR HIGHER EDUCATION AND VOCATIONAL TRAINING FOR SUCH PERSONS AT EDUCATIONAL INSTITUTIONS THAT QUALIFY UNDER 501(C)(3) OF THE CODE.

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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 $18,064

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,722

Other Expenses $25,722

TOTAL EXPENSES $25,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,064	$785	+22.0%
Expenses	$25,722	$8,698	+2.0%
Net Income	$-7,658	$-7,913	0.0%

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

$291,682

Total Directors

$419,918

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY A MATTY JR	EXECUTIVE DIRECTOR/SECRETA	1.00	Officer Director	$0	$24,198	$267,725
EDWARD COLETTI JR	DIRECTOR	1.00	Director	$0	$34,842	$34,842
JOHN C SERVIS	DIRECTOR	1.00	Director	$0	$34,146	$34,146
KATHLEEN DEMASI	VICE PRESIDENT	1.00	Officer Director	$0	$23,957	$23,957
JACK ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ASENSIO	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT LAKE	DIRECTOR	1.00	Director	$0	$32,203	$32,203
ROBERT HUTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT E REID JR	DIRECTOR	1.00	Director	$0	$27,045	$27,045
JOHN FANELLI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JULIA	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
2024	No data	No data	No data	No data
2023	$18,064	$25,722	$57,850	$-7,658
2022	$785	$8,698	$64,591	$-7,913
2021	$23,991	$2,586	$72,504	$21,405

PTHA CHARITIES