THE PHILADELPHIA POVERTY ACTION FUND (EIN 872442054) - 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

WILLIAM A GOLDERER

Phone

2159942415

Tax Period

2023-07-01 to 2024-06-30

THE PHILADELPHIA POVERTY ACTION FUND, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 252% from the prior year, signaling strong growth momentum. Expenses of $7.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE DIRECT PROGRAMS AND SERVICES THAT DEMONSTRABLY REDUCE POVERTY.

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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 $5,223,985

Program Service Revenue $0

Investment Income $218,021

Other Revenue $0

TOTAL REVENUE $5,442,006

Expense Breakdown

Grants Paid $6,038,842

Salaries & Benefits $347,614

Fundraising Expenses $40,553

Program Expenses $7,293,847

Other Expenses $1,043,262

TOTAL EXPENSES $7,429,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,442,006	$1,546,151	+2.5%
Expenses	$7,429,718	$8,430,259	-0.1%
Net Income	$-1,987,712	$-6,884,108	-0.7%

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

$262,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BANKS	EXECUTIVE DIRECTOR	37.5	Officer	$228,086	$34,348	$262,434
DALILA WILSON-SCOTT	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
DOUGLAS OLIVER	VICE CHAIR	1.0	Officer Director	$0	$0	$0
LESLIE CALLAHAN	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL FIELDS	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM A GOLDERER	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN JACOBSON	DIRECTOR	1.0	Director	$0	$0	$0
MITCHELL LITTLE	DIRECTOR (THRU 4/24)	1.0	Director	$0	$0	$0
HARRIET WEISS	DIRECTOR	1.0	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
2025	No data	No data	No data	No data
2024	$5,442,006	$7,429,718	$6,997,569	$-1,987,712
2023	$1,546,151	$8,430,259	$8,163,754	$-6,884,108
2022	$10,809,403	$4,332,413	$14,768,275	$6,476,990
2021	$12,860,000	$5,866,215	$10,960,000	$6,993,785

THE PHILADELPHIA POVERTY ACTION FUND