PANORAMA BENEVOLENT FUND

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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

1972

Legal Domicile

Principal Officer

BOB WATT

Phone

3604387556

Tax Period

2024-01-01 to 2024-12-31

PANORAMA BENEVOLENT FUND, founded in 1972, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.2M left a modest 14% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND SOCIAL ASSISTANCE TO RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $902,347

THIS PROGRAM REIMBURSES PANORAMA, A 501(C)(3) ORGANIZATION, I.D. 94- 3048988, FOR THE SALARIES AND BENEFITS OF FOUR SOCIAL WORKERS WHO PROVIDE SERVICES TO ALL RESIDENTS OF PANORAMA, A RETIREMENT...

THIS PROGRAM REIMBURSES PANORAMA, A 501(C)(3) ORGANIZATION, I.D. 94- 3048988, FOR THE SALARIES AND BENEFITS OF FOUR SOCIAL WORKERS WHO PROVIDE SERVICES TO ALL RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY. ADDITIONALLY, THE FUND CONTRIBUTED 600,000 TO PANORAMA TO ASSIST PANORAMA WITH A PROPERTY PURCHASE. THE PURCHASED LAND WILL BE USED TO BUILD A VOLUNTEER RESOURCE CENTER THAT WILL BE UTILIZED BY THE FUND FOR ITS RETAIL FUNDRAISING ACTIVITIES.

Program 2

Expenses: $80,139

THIS PROGRAM PROVIDES DIRECT ASSISTANCE TO QUALIFIED RESIDENTS WHO ARE UNABLE TO COVER NECESSARY MONTHLY LIVING EXPENSES, INCLUDING MEDICATIONS, MEDICAL CO-PAYS, MEDICAL APPLIANCES, DENTAL CARE, HOME HEALTH CARE, HOUSEKEEPING, INSURANCE, VETERINARY PET CARE, AND ONE-TIME EXPENSES SUCH AS A VEHICLE REPAIR. INDIVIDUALS WHO REQUIRED FINANCIAL ASSISTANCE WERE ALL RESIDENTS OF PANORAMA, A RETIREMENT COMMUNITY.

Program 3

Expenses: $38,570

THIS PROGRAM PROVIDES A SARA PENDANT FOR EACH NEW RESIDENT, REPLACEMENT BATTERIES, AND REPLACEMENT OF DEFECTIVE PENDANTS.

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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 $765,124

Program Service Revenue $0

Investment Income $617,213

Other Revenue $-3,450

TOTAL REVENUE $1,378,887

Expense Breakdown

Grants Paid $1,021,056

Salaries & Benefits $0

Fundraising Expenses $11,360

Program Expenses $1,021,056

Other Expenses $168,632

TOTAL EXPENSES $1,189,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,378,887	$1,569,986	-0.1%
Expenses	$1,189,688	$723,901	+0.6%
Net Income	$189,199	$846,085	-0.8%

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

110

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
TAM ALDEN	SECRETARY	4.50	Officer Director	$0	$0	$0
DAVID ANDERSON	TRUSTEE	4.50	Director	$0	$0	$0
DAVE BARTRUFF	CO-TREASURER	4.50	Officer Director	$0	$0	$0
LINDA BONDURANT	VICE PRESIDE	4.50	Officer Director	$0	$0	$0
DEFRANCE CLARKE	CO-TREASURER	7.50	Officer Director	$0	$0	$0
WILMA COOPER	TRUSTEE	4.50	Director	$0	$0	$0
JIM GREENFIELD	TRUSTEE	4.50	Director	$0	$0	$0
LU HAMACEK	TRUSTEE	4.50	Director	$0	$0	$0
KATHY HOUSTON	TRUSTEE	4.50	Director	$0	$0	$0
DONNA KREUGER	TRUSTEE	4.50	Director	$0	$0	$0
PATRICIA LASHWAY	TRUSTEE	4.50	Director	$0	$0	$0
GAIL MADDEN	TRUSTEE	4.50	Director	$0	$0	$0
MARCIA MCLAUGHLIN	TRUSTEE	4.50	Director	$0	$0	$0
HELEN SPALDING	TRUSTEE	4.50	Director	$0	$0	$0
BOB WATT	PRESIDENT	4.50	Officer Director	$0	$0	$0
PAULA WILLSTATTER	TRUSTEE	4.50	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	$1,378,887	$1,189,688	$13,148,007	$189,199
2023	$1,569,986	$723,901	$12,247,981	$846,085
2022	$971,700	$740,764	$10,546,781	$230,936
2021	$1,796,663	$406,651	$12,300,067	$1,390,012
2020	$781,127	$469,137	$11,029,204	$311,990
2019	$1,102,655	$547,945	$10,469,919	$554,710
2018	$727,947	$575,501	$8,602,716	$152,446