ABILENE PALM HOUSE 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

Marla Polk

Phone

3253389141

Tax Period

2020-10-01 to 2021-09-30

ABILENE PALM HOUSE INC, founded in 2005, is a small nonprofit in the Public Safety sector that reported $221K in total revenue in fiscal year 2020. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 43% operating margin.

Mission

Palm House offers people in our neighborhood and beyond the practical and spiritual tools necessary to have a fulfilling life and to cultivate a relationship with God. We do this through mentoring programs, outreach services, and consistent interaction. We seek to encourage people into their destinies and provide hope and identity where it has been lost. We believe in the context of "home" and aim to provide a safe and loving environment to which people always feel welcome to come. We are also equally motivated to go outside the four walls of the Palm House and into the neighborhood and city of Abilene. The restoration of Palm House is a standing testimony that we believe, even in th face of devastation, restoration is always possible. It simply takes a village of people and consistent effort.

Program Service Accomplishments

Program 1

Expenses: $115,308 Revenue: $0

Mentoring, outreach services, and interaction with people of the neighborhood, and beyond through ministries, communication groups, meals, Bible study and benevolence. On the average 40 children from age 5 to 16 attend a bi-weekly program and ministry. Approximately 35 college volunteers mentor the kids weekly. In addition to providing a safe place for children, 60-80 young children are feed weekly by several groups. There is a weekly open house time for fellowship with the college volunteers with an average of 15 attending on a weekly basis. Women have communication groups via Zoom on in-person, which 10-20 women attend weekly, whcih help them to identify trauma and how to overcome it; they are also offered education on self-care, communication, and interaction. Our Ransom Program reaches out to men and women in the sex industry, specifically employees and customers in a local club. 8-10 team embers meet weekly to visit the people working in the club. Approximately 30 volunteer hours a month are expended in this outreach There are baked goods provided by individuals and organizations to around 35 employee and their families monthly as well as holiday gifts for employees several times a year. We are there as a consistently to show our love and to recognize the value of every man and woman we meet. Our goal is to be there when they express the desire to leave the club life, and connect them with other job opportunities and the transicition for their former life style

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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 (2020)

Revenue Breakdown

Contributions & Grants $220,746

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,845

Fundraising Expenses $1,878

Program Expenses $115,308

Other Expenses $114,763

TOTAL EXPENSES $125,608

Year-over-Year Comparison

	2020	2019	Change
Revenue	$220,746	$103,388	+1.1%
Expenses	$125,608	$97,244	+0.3%
Net Income	$95,138	$6,144	+14.5%

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

100

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
Marie White	Director	2.5	Director	$0	$0	$0
Patty Wenetschlaeger	Director	1.25	Director	$0	$0	$0
Joy Allenbaugh	Director	1	Director	$0	$0	$0
Kathy Walker	Director	1	Director	$0	$0	$0
Kathy Giebler	Director	2.5	Director	$0	$0	$0
Marla Polk	President	10.00	Officer	$0	$0	$0
Susan Pitman	Vice-President	5.00	Officer	$0	$0	$0
Adriel Wright	Secretary	7.5	Officer	$0	$0	$0
Carrie Stiver	Treasurer	2.5	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
2021	$220,746	$125,608	$152,149	$95,138