PALM HOUSE RECOVERY CENTERS INC

EIN: 203743552 501(c)(3) Health Care

ATHENS, GA

Total Revenue
$730,368
Total Expenses
$641,378
Total Assets
$112,500
Net Assets
$109,485
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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
2006
Legal Domicile
GA
Principal Officer
DEBRA MILLER
Phone
7065430087
Tax Period
2023-01-01 to 2023-12-31

PALM HOUSE RECOVERY CENTERS INC, founded in 2006, is a small nonprofit in the Health Care sector that reported $730K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $641K left a modest 12% surplus.

Mission

PALM HOUSE SEEKS TO MEET THE DAILY LIVING NEEDS OF INDIVIDUALS WHO CHOOSE TO ADDRESS THEIR ALCOHOL AND/OR DRUG ADDICTIONS. THE PALM HOUSE SUPPORTS PHYSICAL AND MENTAL WELLNESS IN ITS LONG TERM RESIDENTIAL SETTING. IT IS OUR OWN PHILOSOPHY THAT COMBINING RESIDENT INDEPENDENCE WITH A CONTINUOUS ENVIRONMENT OF RECOVERY WILL IMPROVE THE LIVES OF OUR CLIENTS AND RESULT IN AN IMPROVED OPPORTUNITY FOR CONTINUOUS SOBRIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $719,505
Investment Income $73
Other Revenue $790
TOTAL REVENUE $730,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $263,128
Fundraising Expenses $0
Program Expenses $606,858
Other Expenses $378,250
TOTAL EXPENSES $641,378

Year-over-Year Comparison

2023 2022 Change
Revenue $730,368 $635,537 +0.1%
Expenses $641,378 $638,851 +0.0%
Net Income $88,990 $-3,314 -27.9%
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
3
Independent Members
3
Employees
7
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
3
$0
Total Directors
6
$138,264
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN CARTER EXECUTIVE DI 40.00
Director
$74,587 $0 $74,587
ELIZABETH KOMORECH PROGRAM DIRE 40.00
$14,860 $0 $14,860
MATTHEW MIZE PROGRAM DIRE 40.00
Director
$53,277 $0 $53,277
DEBRA MILLER PRESIDENT N/A
Officer Director
$0 $0 $0
ROY SMITH COURT LIASON N/A
Director
$10,400 $0 $10,400
MAXWELL MOORMAN TREASURER N/A
Officer Director
$0 $0 $0
DAVID MATHENY VICE PRESIDE N/A
Officer 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 $730,368 $641,378 $112,500 $88,990
2022 $635,537 $638,851 $26,799 $-3,314
2021 $1,133,205 $1,130,169 $30,411 $3,036
2020 $1,101,339 $1,135,083 $29,753 $-33,744
2019 $1,311,870 $1,317,149 $59,347 $-5,279
2018 $1,322,114 $1,201,058 $68,692 $121,056
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