PHAC NO 1 INC (EIN 990297069) - 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

1992

Legal Domicile

Principal Officer

COLLIN HOO

Phone

8085235681

Tax Period

2022-07-01 to 2023-06-30

PHAC NO 1 INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $407K in total revenue in fiscal year 2022. Expenses of $529K exceeded revenue, resulting in a 30% operating deficit.

Mission

OPERATION OF RENTAL HOUSING AND FACILITIES TO BENEFIT ELDERLY PERSONS AS DEFINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $283,884

Program Service Revenue $120,644

Investment Income $296

Other Revenue $1,875

TOTAL REVENUE $406,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,903

Fundraising Expenses $0

Program Expenses $437,859

Other Expenses $494,503

TOTAL EXPENSES $529,406

Year-over-Year Comparison

	2022	2021	Change
Revenue	$406,699	$413,097	0.0%
Expenses	$529,406	$523,627	+0.0%
Net Income	$-122,707	$-110,530	+0.1%

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

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

$169,022

Total Directors

$169,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NADINE NAKAMURA	PRESIDENT	0.40	Officer Director	$0	$0	$0
CARL TAKAMURA	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
SANDRA OSHIRO	SECRETARY	0.40	Officer Director	$0	$0	$0
COLLIN HOO	TREASURER	0.40	Officer Director	$0	$0	$0
SARA HORIUCHI	DIRECTOR	0.40	Director	$0	$0	$0
DONALYN DELA CRUZ	DIRECTOR	0.40	Director	$0	$0	$0
STEVEN HUNT	DIRECTOR	0.40	Director	$0	$0	$0
BENNETT LIU	DIRECTOR	0.40	Director	$0	$0	$0
AUDREY AWAYA	AUTHOR. AGENT/ASSIST. SEC.	1.00	Officer Director	$0	$0	$169,022
ROCHELLE GREGSON	DIRECTOR	0.40	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
2024	No data	No data	No data	No data
2023	$406,699	$529,406	$3,117,266	$-122,707
2022	$413,097	$523,627	$3,216,542	$-110,530
2021	$398,261	$509,219	$3,303,011	$-110,958
2020	$384,525	$478,139	$3,417,560	$-93,614
2019	$330,774	$508,149	$3,503,333	$-177,375
2018	$316,628	$495,177	$3,684,650	$-178,549
2017	$331,627	$468,965	$3,854,055	$-137,338

PHAC NO 1 INC