PALOMAR HEALTH DEVELOPMENT INC

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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

2005

Legal Domicile

Principal Officer

ANDREW TOKAR

Phone

7607406385

Tax Period

2024-07-01 to 2025-06-30

PALOMAR HEALTH DEVELOPMENT INC, founded in 2005, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.4M left a modest 5% surplus.

Mission

TO SEEK, SECURE AND MANAGE FUNDS THAT PROMOTE AND SUPPORT THE MISSION, VISION AND VALUES OF PALOMAR HEALTH AND TO SUPPORT THE VISION OF PALOMAR HEALTH BY FACILITATING STEWARDSHIP OF GRANTS AND CONTRACTS.

Program Service Accomplishments

Program 1

Expenses: $1,493,811

THE HEALTHY DEVELOPMENT SERVICES (HDS) - ADMINISTERED BY PALOMAR HEALTH DEVELOPMENT IS A NORTH SAN DIEGO COUNTY PROJECT THAT PROVIDES NO COST DEVELOPMENTAL CHECKUPS AND PROMOTES AND SUPPORTS AN...

THE HEALTHY DEVELOPMENT SERVICES (HDS) - ADMINISTERED BY PALOMAR HEALTH DEVELOPMENT IS A NORTH SAN DIEGO COUNTY PROJECT THAT PROVIDES NO COST DEVELOPMENTAL CHECKUPS AND PROMOTES AND SUPPORTS AN INTEGRATED NETWORK OF SERVICES THAT ADDRESS THE HEALTH AND DEVELOPMENT NEEDS OF CHILDREN FROM BIRTH THROUGH FIVE YEARS OF AGE.

Program 2

Expenses: $903,289

THE FIRST 5 FIRST STEPS - THE NORTH COUNTY PROGRAM IS ADMINISTERED BY PALOMAR HEALTH DEVELOPMENT. THE HOME VISITING PROGRAM PROVIDES HOME VISITING SERVICES FOR PREGNANT WOMEN AND FAMILIES WITH...

THE FIRST 5 FIRST STEPS - THE NORTH COUNTY PROGRAM IS ADMINISTERED BY PALOMAR HEALTH DEVELOPMENT. THE HOME VISITING PROGRAM PROVIDES HOME VISITING SERVICES FOR PREGNANT WOMEN AND FAMILIES WITH CHILDREN AGES 0-3. FIRST STEPS PROMOTES POSITIVE PARENTING AND ENHANCES CHILD HEALTH AND DEVELOPMENT FOR FAMILIES WHO MAY FACE HARDSHIPS AND STRESSORS THAT PLACE THEM AT INCREASED RISK FOR POOR HEALTH AND DEVELOPMENTAL OUTCOMES. OUR SERVICES ARE OFFERED OVER THE LONG TERM TO PREPARE CHILDREN TO ENTER SCHOOL AS ACTIVE LEARNERS, AND ENSURE THAT ALL CHILDREN ARE HEALTHY, LOVED AND NURTURED.

Program 3

Expenses: $529,358

CALWORKS HOME VISITING - ADMINISTERED BY PALOMAR HEALTH DEVELOPMENT TO FAMILIES WHO ARE ENROLLED IN CALWORKS. THE HOME VISITING PROGRAM PROVIDES HOME VISITING SERVICES FOR PREGNANT WOMEN AND FAMILIES WITH CHILDREN AGES 0-3. CALWORKS HOME VISITING PROMOTES POSITIVE PARENTING AND ENHANCES CHILD HEALTH AND DEVELOPMENT FOR FAMILIES WHO MAY FACE HARDSHIPS AND STRESSORS THAT PLACE THEM AT INCREASED RISK FOR POOR HEALTH AND DEVELOPMENTAL OUTCOMES. OUR SERVICES ARE OFFERED OVER THE LONG TERM TO PREPARE CHILDREN TO ENTER SCHOOL AS ACTIVE LEARNERS, AND ENSURE THAT ALL CHILDREN ARE HEALTHY, LOVED AND NURTURED.

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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 $3,612,294

Program Service Revenue $0

Investment Income $5,201

Other Revenue $0

TOTAL REVENUE $3,617,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,298,899

Fundraising Expenses $0

Program Expenses $2,926,458

Other Expenses $1,145,442

TOTAL EXPENSES $3,444,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,617,495	$3,777,010	0.0%
Expenses	$3,444,341	$3,567,476	0.0%
Net Income	$173,154	$209,534	-0.2%

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

N/A

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

$3,697,523

Total Directors

$3,756,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY CORRALES RN	CHAIRPERSON	1.00	Officer Director	$0	$11,776	$20,572
HUGH KING	CFO	0.25	Officer Director	$0	$5,979	$742,149
DIANE LHANSEN	PRESIDENT	0.25	Officer Director	$0	$128,962	$2,470,405
ANDREW TOKAR	CFO	0.25	Officer Director	$0	$30,809	$464,397
LINDA GREER RN	DIRECTOR	1.00	Director	$0	$12,271	$21,277
LAURA BARRY	DIRECTOR	1.00	Director	$0	$29,364	$37,476

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	$3,617,495	$3,444,341	$1,497,522	$173,154
2024	$3,777,010	$3,567,476	$3,390,754	$209,534
2023	$3,663,771	$3,486,516	$2,871,867	$177,255
2022	$3,603,751	$3,415,342	$2,796,120	$188,409
2021	$3,774,303	$3,257,953	$2,481,775	$516,350
2020	$3,486,508	$3,303,640	$2,358,649	$182,868
2019	$3,571,036	$3,368,157	$2,296,670	$202,879
2018	$3,596,243	$3,465,250	$2,062,155	$130,993