PHILADELPHIA ASSEMBLY INC (EIN 862006353) - 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

2021

Legal Domicile

Principal Officer

WHITNEY LOPEZ

Phone

2677383088

Tax Period

2023-01-01 to 2023-12-31

PHILADELPHIA ASSEMBLY INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2023. Expenses of $217K exceeded revenue, resulting in a 622% operating deficit.

Mission

THE PHILADELPHIA ASSEMBLY IS A COLLECTIVE OF CULTURE BEARERS WHO SHARE A COMMITMENT TO THE PRACTICE OF ARTS, CULTURE, AND EQUITABLE COMMUNITY DEVELOPMENT AND REFLECTS THE PEOPLE WHO ARE HERE, COMMITTED, AND DOING THE WORK TO "KEEP THE PLACE."

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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 $28,000

Program Service Revenue $0

Investment Income $2,008

Other Revenue $0

TOTAL REVENUE $30,008

Expense Breakdown

Grants Paid $54,199

Salaries & Benefits $114,061

Fundraising Expenses $0

Program Expenses $216,608

Other Expenses $48,348

TOTAL EXPENSES $216,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,008	N/A	N/A
Expenses	$216,608	N/A	N/A
Net Income	$-186,600	N/A	N/A

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

$147,600

Total Directors

$164,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WRIGHT	BOARD CHAIR	5.00	Officer Director	$14,000	$0	$14,000
PAMELA BRIDGEFORTH	SECRETARY	5.00	Officer Director	$14,000	$0	$14,000
STASIA MONTEIRO	TREASURER	5.00	Officer Director	$14,000	$0	$14,000
TINAMARIE RUSSELL	BOARD MEMBER	5.00	Director	$17,000	$0	$17,000
WHITNEY LOPEZ	EXECUTIVE DIRECTOR	40.00	Officer Director	$105,600	$0	$105,600

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
2023	$30,008	$216,608	$703,461	$-186,600

PHILADELPHIA ASSEMBLY INC