PHILIPPINE DEVELOPMENT FOUNDATION DBA PHILDEV USA (EIN 943369973) - 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

2000

Legal Domicile

Principal Officer

OLIVIA DE JESUS

Phone

6507873804

Tax Period

2024-01-01 to 2024-12-31

PHILIPPINE DEVELOPMENT FOUNDATION DBA PHILDEV USA, founded in 2000, is a small nonprofit in the International Affairs sector that reported $433K in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum.

Mission

PHILDEV'S MISSION IS TO PROVIDE THE FILIPINO-AMERICAN COMMUNITIES IN THE USA WITH AN EFFECTIVE MECHANISM FOR PHILANTHROPIC ACTIVITIES AND TO ASSIST THE CIVIL SOCIETY ORGANIZATIONS IN THE PHILIPPINES WITH THIS RESOURCE.

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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 $517,425

Program Service Revenue $0

Investment Income $644

Other Revenue $-85,063

TOTAL REVENUE $433,006

Expense Breakdown

Grants Paid $245,000

Salaries & Benefits $102,336

Fundraising Expenses $11,614

Program Expenses $353,273

Other Expenses $99,384

TOTAL EXPENSES $446,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,006	$144,069	+2.0%
Expenses	$446,720	$295,600	+0.5%
Net Income	$-13,714	$-151,531	-0.9%

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

$89,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE BUAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA ORIEL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE SONGCO LAU	TRUSTEE (UNTIL 05/24)	1.00	Director	$0	$0	$0
CRIS LIBAN	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
DANILO LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
DIOSDADO BANATAO	TRUSTEE	1.00	Officer Director	$0	$0	$0
DON LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
ERIC MANLUNAS	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA GIL	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
JONES CASTRO	TRUSTEE	1.00	Officer Director	$0	$0	$0
LYNN HESS	TRUSTEE	1.00	Director	$0	$0	$0
MARIA BANATAO	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
PAOLO MALABUYO	BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
RANDY REYES	TRUSTEE	1.00	Director	$0	$0	$0
REGINA MANZANA-SAWHNEY	TRUSTEE	1.00	Director	$0	$0	$0
RIGOBERTO ADVINCULA	TRUSTEE	1.00	Director	$0	$0	$0
SHERRI BURKE	TRUSTEE (UNTIL 01/24)	1.00	Director	$0	$0	$0
ANGELINA CASTRO	EXECUTIVE DIRECTOR (UNTIL 07/24)	40.00	Officer	$43,428	$8,392	$51,820
OLIVIA DE JESUS	EXECUTIVE DIRECTOR	40.00	Officer	$37,992	$0	$37,992

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	$433,006	$446,720	$471,111	$-13,714
2023	$144,069	$295,600	$412,873	$-151,531
2022	$361,557	$439,609	$887,133	$-78,052
2021	$419,528	$400,642	$640,053	$18,886
2020	$547,819	$214,220	$1,100,803	$333,599
2019	$540,707	$379,898	$539,011	$160,809
2018	$296,997	$237,512	$398,272	$59,485

PHILIPPINE DEVELOPMENT FOUNDATION DBA PHILDEV USA