PALM ACADEMY INC (EIN 205949060) - 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

2007

Legal Domicile

Principal Officer

RUTH YONG

Phone

5105655682

Tax Period

2024-07-01 to 2025-06-30

PALM ACADEMY INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $223K, a strong 17% operating margin.

Mission

A SCHOOL FOR THE BETTER EDUCATION OF MINOR CHILDREN.

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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 $0

Program Service Revenue $1,243,630

Investment Income $55,169

Other Revenue $0

TOTAL REVENUE $1,298,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,503

Fundraising Expenses $0

Program Expenses $870,444

Other Expenses $387,848

TOTAL EXPENSES $1,075,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,298,799	$1,275,045	+0.0%
Expenses	$1,075,351	$1,079,855	0.0%
Net Income	$223,448	$195,190	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH YONG	PRESIDENT	40.00	Officer Director	$0	$0	$0
DEBBIE LAU	SECRETARY	1.00	Director	$0	$0	$0
GRACE LAU	TREASURER	1.00	Director	$0	$0	$0
ABRAHAM JOU	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL LO	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMON CHANG	BOARD MEMBER	1.00	Director	$0	$0	$0
TECH POH WONG	BOARD MEMBER	1.00	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
2025	$1,298,799	$1,075,351	$2,159,055	$223,448
2024	$1,275,045	$1,079,855	$1,881,513	$195,190
2023	$993,619	$995,788	$1,633,495	$-2,169
2022	$1,141,110	$994,885	$1,505,649	$146,225
2021	$749,912	$694,678	$1,390,597	$55,234
2020	$1,127,463	$1,056,895	$1,412,514	$70,568
2019	$1,188,171	$1,075,081	$1,180,492	$113,090
2018	$982,605	$993,008	$1,103,140	$-10,403

PALM ACADEMY INC