SHERMAN PHOENIX FOUNDATION

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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

RON ADAMS

Phone

2622286021

Tax Period

2023-01-01 to 2023-12-31

SHERMAN PHOENIX FOUNDATION, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE SHERMAN PHOENIX FOUNDATION BUILDS INCLUSIVE AND JUST ECONOMIES FOR COMMUNITIES OF COLOR THROUGHSTRATEGIES THAT SUPPORT ENTREPRENEURSHIP, WELLNESS, WORKPLACE INCLUSION, AND ECONOMIC EMPOWERMENT.

Program Service Accomplishments

Program 1

Expenses: $352,757 Revenue: $1,175

ENTREPRENEURSHIP AND SMALL BUSINESS SUCCESS

Program 2

Expenses: $160,392 Revenue: $14,901

CULTURAL AND ECONOMIC VIBRANCY

Program 3

Expenses: $160,392 Revenue: $1,500

ECONOMIC EQUITY AND EMPOWERMENT

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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 $1,182,802

Program Service Revenue $17,576

Investment Income $620

Other Revenue $47,021

TOTAL REVENUE $1,248,019

Expense Breakdown

Grants Paid $143,651

Salaries & Benefits $270,885

Fundraising Expenses $137,542

Program Expenses $833,932

Other Expenses $1,123,366

TOTAL EXPENSES $1,537,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,248,019	$668,697	+0.9%
Expenses	$1,537,902	$411,180	+2.7%
Net Income	$-289,883	$257,517	-2.1%

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

$135,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON ADAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY COBB	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENGE ADAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
LEANA NAKIELSKI	TREASURER	1.00	Officer Director	$0	$0	$0
ANGELA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE SABIR	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE BLY	DIRECTOR	1.00	Director	$0	$0	$0
RAMEL BLY	DIRECTOR	1.00	Director	$0	$0	$0
STACIA THOMPSON	EXECUTIVE DIRECTOR	40.00	Officer	$125,963	$10,008	$135,971

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	$1,248,019	$1,537,902	$852,058	$-289,883
2022	$668,697	$411,180	$291,010	$257,517