PENNSYLVANIA LAKE MANAGEMENT SOCIETY

EIN: 232569587 501(c)(3) Environment

MERTZTOWN, PA

Total Revenue
$168,728
Total Expenses
$290,616
Total Assets
$44,945
Net Assets
$44,945
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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
1989
Legal Domicile
PA
Principal Officer
GRETCHEN SCHATSCHNEIDER
Phone
2153457577
Tax Period
2024-01-01 to 2024-12-31

PENNSYLVANIA LAKE MANAGEMENT SOCIETY, founded in 1989, is a small nonprofit in the Environment sector that reported $169K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 72% operating deficit.

Mission

THE PENNSYLVANIA LAKE MANAGEMENT SOCIETY (PALMS) MISSION IS TO PROMOTE UNDERSTANDING AND COMPREHENSIVE MANAGEMENT OF LAKES AND RESERVOIRS AND THEIR WATERSHEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $137,954
Program Service Revenue $29,373
Investment Income $9
Other Revenue $1,392
TOTAL REVENUE $168,728

Expense Breakdown

Grants Paid $164,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $287,408
Other Expenses $126,116
TOTAL EXPENSES $290,616

Year-over-Year Comparison

2024 2023 Change
Revenue $168,728 $277,480 -0.4%
Expenses $290,616 $261,955 +0.1%
Net Income $-121,888 $15,525 -8.9%
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
10
Independent Members
10
Employees
N/A
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
4
$0
Total Directors
6
$54,815
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN PILARCIK DIRECTOR 5.00
Director
$0 $0 $0
KATE HARMS EXECUTIVE DIRECTOR 15.00
Director
$54,815 $0 $54,815
JOSH BURNSIDE PAST PRESIDENT 5.00
Director
$0 $0 $0
ROBERT SCHINDLER DIRECTOR 5.00
Director
$0 $0 $0
JOE PINKERTON DIRECTOR 5.00
Director
$0 $0 $0
JEANETTE SCHNASS DIRECTOR 5.00
Director
$0 $0 $0
NICK SPINELLI PRESIDENT 5.00
Officer
$0 $0 $0
ED MOLESKY PRESIDENT ELECT 5.00
Officer
$0 $0 $0
GRETCHEN SCHATSCHNEIDER TREASURER 5.00
Officer
$0 $0 $0
JOSEPH HUDSON SECRETARY 5.00
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
2025 No data No data No data No data
2024 $168,728 $290,616 $44,945 $-121,888
2023 $277,480 $261,955 $166,833 $15,525
2022 $127,843 $94,395 $151,309 $33,448
2021 $205,593 $142,314 $117,861 $63,279
2020 $44,242 $77,027 $54,582 $-32,785
2019 $99,174 $78,410 $87,367 $20,764
2018 $68,389 $38,671 $66,603 $29,718
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