PALS PLUS INC (EIN 223072580) - 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

1994

Legal Domicile

Principal Officer

LUCA MANNA

Phone

9733402877

Tax Period

2024-01-01 to 2024-12-31

PALS PLUS INC, founded in 1994, is a small nonprofit in the Education sector that reported $853K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PALS PLUS PROMOTES AND ENABLES RESOURCE SHARING AND COOPERATIVE VENTURES AMONG ITS MEMBER LIBRARIES

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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 $833,332

Program Service Revenue $0

Investment Income $19,712

Other Revenue $0

TOTAL REVENUE $853,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $515,247

Fundraising Expenses $0

Program Expenses $512,535

Other Expenses $388,609

TOTAL EXPENSES $903,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$853,044	$789,467	+0.1%
Expenses	$903,856	$911,079	0.0%
Net Income	$-50,812	$-121,612	-0.6%

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

$199,644

Total Directors

$199,644

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY FLEMING	PRESIDENT	5.00	Director	$0	$0	$0
MARY MARTIN	VICE PRESIDENT	5.00	Director	$0	$0	$0
CATHERINE WOLVERTON	TREASURER	5.00	Director	$0	$0	$0
ROBIN ROCKMAN	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL DRAZEK	TRUSTEE	5.00	Director	$0	$0	$0
CLAUDINE PASCALE	TRUSTEE	5.00	Director	$0	$0	$0
FRANCES BACARDI	TRUSTEE	5.00	Director	$0	$0	$0
LUCA MANNA	EXECUTIVE DIRECTOR	35.00	Officer Director	$106,502	$0	$106,502
JAMES DWYER	NETWORK ADMINISTRATOR	35.00	Officer Director	$93,142	$0	$93,142

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	$853,044	$903,856	$542,287	$-50,812
2023	$789,467	$911,079	$569,904	$-121,612
2022	$839,592	$903,063	$688,200	$-63,471
2021	$812,802	$768,243	$698,764	$44,559
2020	$898,746	$723,869	$651,096	$174,877
2019	$754,231	$717,111	$476,928	$37,120
2018	$680,235	$663,791	$449,144	$16,444

PALS PLUS INC