PALMERTON MEMORIAL PARK ASSN INC (EIN 240801264) - 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

1945

Legal Domicile

Tax Period

2023-11-01 to 2024-10-31

PALMERTON MEMORIAL PARK ASSN INC, founded in 1945, is a small nonprofit in the Recreation & Sports sector that reported $303K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $361K exceeded revenue, resulting in a 19% operating deficit.

Mission

COMMUNITY PARK

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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 $15,029

Program Service Revenue $222,838

Investment Income $7,646

Other Revenue $56,997

TOTAL REVENUE $302,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,675

Fundraising Expenses $0

Program Expenses $323,478

Other Expenses $214,224

TOTAL EXPENSES $360,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,510	$391,590	-0.2%
Expenses	$360,899	$321,531	+0.1%
Net Income	$-58,389	$70,059	-1.8%

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

Volunteers

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
RICHARD HRUSOVSKY	DIRECTOR	1.00	Director	$0	$0	$0
CLARE PAPAY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LAX	DIRECTOR	1.00	Director	$0	$0	$0
TERRI SEBELIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA SHELLHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
APRIL BARTHOLOMEW	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CARAZO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BARTHOLOMEW	VICE PRESIDENT	1.00	Officer	$0	$0	$0
EDWARD SHELLHAMMER	PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT PALAZZO	SECRETARY	2.00	Officer	$0	$0	$0
DAVE TWORKOWSKY	TREASURER	2.00	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
2024	$302,510	$360,899	$961,585	$-58,389
2023	$391,590	$321,531	$1,020,357	$70,059
2022	$435,860	$337,207	$951,273	$98,653
2021	$332,949	$247,733	$856,667	$85,216
2020	$274,684	$237,375	$771,284	$37,309
2019	$288,228	$283,851	$733,337	$4,377

PALMERTON MEMORIAL PARK ASSN INC