PHX FORWARD

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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

2023

Legal Domicile

Principal Officer

MATTHEW SCORESBY

Phone

4804333121

Tax Period

2024-01-01 to 2024-12-31

PHX FORWARD, founded in 2023, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 24409% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 95% operating margin.

Mission

TO PROVIDE EDUCATION TO MEMBERS OF THE GENERAL PUBLIC & MENTORING OPPORTUNITIES FOR INEXPERIENCED ENTREPRENEURS TO EQUIP THEM WITH THE TOOLS & KNOWLEDGE NECESSARY TO BUILD SUCCESSFUL & ENDURING BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $149,726 Revenue: $3,341

THE CORPORATION WILL OFFER EDUCATION TO INTERESTED MEMBERS OF THE PUBLIC REGARDING ALL THE VARIOUS ORGANIZATIONAL, OPERATIONAL, AND GENERAL BUSINESS ISSUES THAT MAY ARISE IN ARIZONA IN CONNECTION...

THE CORPORATION WILL OFFER EDUCATION TO INTERESTED MEMBERS OF THE PUBLIC REGARDING ALL THE VARIOUS ORGANIZATIONAL, OPERATIONAL, AND GENERAL BUSINESS ISSUES THAT MAY ARISE IN ARIZONA IN CONNECTION WITH ESTABLISHING A BUSINESS. THE CORPORATION WILL RECRUIT EXPERIENCED, SUCCESSFUL ENTREPRENEURS TO ADVISE LESS EXPERIENCED ENTREPRENEURS WITH A CONCEPT THEY WISH TO DEVELOP. THE MENTORSHIP PROGRAM WILL BE TAILORED TO EACH ENTREPRENEUR, WHO WILL RECEIVE FEEDBACK, BUSINESS STRATEGY COUNSELING, AND OTHER RELEVANT INPUT FROM CURRENT AND FORMER STARTUP FOUNDERS, INVESTORS, PARTNERS, AND CEOS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,011,000

Program Service Revenue $3,341

Investment Income $49,307

Other Revenue $-78

TOTAL REVENUE $3,063,570

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,726

Other Expenses $159,945

TOTAL EXPENSES $160,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,063,570	$12,500	+244.1%
Expenses	$160,945	$69,383	+1.3%
Net Income	$2,902,625	$-56,883	-52.0%

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

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
MATTHEW SCORESBY	DIRECTOR & CHAIRMAN	5.00	Officer Director	$0	$0	$0
JACKSON SCORESBY	SECRETARY & TREASURER	5.00	Officer	$0	$0	$0
CLATE MASK	CEO	5.00	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	$3,063,570	$160,945	$2,845,742	$2,902,625