PHILOMATHEAN CHARITY CLUB INC

EIN: 952653753 501(c)(3) Human Services

SANTA MONICA, CA

Total Revenue
$179,993
Total Expenses
$291,490
Total Assets
$273,386
Net Assets
$273,386
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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

Principal Officer
JO LYNN HORTON
Phone
3232924126
Tax Period
2024-01-01 to 2024-12-31

PHILOMATHEAN CHARITY CLUB INC is a small nonprofit in the Human Services sector that reported $180K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $291K exceeded revenue, resulting in a 62% operating deficit.

Mission

PROVIDE COLLEGE AND UNVERSITY SCHOLASHIPS TO HIGH SCHOOL GRADUATES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $179,993
Other Revenue $0
TOTAL REVENUE $179,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $291,490
Other Expenses $291,490
TOTAL EXPENSES $291,490

Year-over-Year Comparison

2024 2023 Change
Revenue $179,993 $162,205 +0.1%
Expenses $291,490 $185,129 +0.6%
Net Income $-111,497 $-22,924 +3.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO LYNN HORTON PRESIDENT N/A
Officer
$0 $0 $0
VERONICA HUDSON VICE PRESIDE N/A
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 $179,993 $291,490 $273,386 $-111,497
2023 $162,205 $185,129 $384,883 $-22,924
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