PAL FUND ASSOCIATION (EIN 237052818) - 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

1965

Legal Domicile

Principal Officer

RITA MARWOOD

Phone

8143375965

Tax Period

2023-01-01 to 2023-12-31

PAL FUND ASSOCIATION, founded in 1965, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. The organization ran a surplus of $37K, a strong 18% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING BASED ON USDA - RURAL DEVELOPMENT SUBSIDIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $193,548

Investment Income $8,914

Other Revenue $0

TOTAL REVENUE $202,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,187

Fundraising Expenses $0

Program Expenses $138,088

Other Expenses $147,411

TOTAL EXPENSES $165,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,462	$194,638	+0.0%
Expenses	$165,598	$137,164	+0.2%
Net Income	$36,864	$57,474	-0.4%

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

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

$18,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA MARWOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JON MERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN ROYAL	TREASURER	1.00	Officer Director	$0	$0	$0
ANITA HANS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DAVID RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA BAXTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN SCHEPPELMANN	SECRETARY	1.00	Director	$0	$0	$0
CORA MOZINA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BEAGLE	BUSINESS MANAGER	10.00	Officer	$18,187	$0	$18,187

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	No data	No data	No data	No data
2023	$202,462	$165,598	$1,900,189	$36,864
2022	$194,638	$137,164	$1,886,469	$57,474
2021	$194,363	$142,802	$1,849,981	$51,561
2020	$197,331	$167,533	$1,817,462	$29,798

PAL FUND ASSOCIATION