PALM ARTS INC (EIN 270962251) - 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

2009

Legal Domicile

Principal Officer

JONATHAN ABRAM

Phone

9707291619

Tax Period

2023-07-01 to 2024-06-30

PALM ARTS INC, founded in 2009, is a small nonprofit in the Education sector that reported $455K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 17% operating margin.

Mission

PALM ARTS ENRICHES AND EXPANDS THE EDUCATIONAL, PERFORMING ARTS, AND CULTURAL OPPORTUNITIES OF THE TELLURIDE COMMUNITY THROUGH INNOVATIVE PROGRAMMING AND DANCE INSTRUCTION AND AS A CREATIVE CROSSROADS FOR OUR AREA PARTNERS.

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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 $128,441

Program Service Revenue $281,978

Investment Income $25,669

Other Revenue $18,829

TOTAL REVENUE $454,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,765

Fundraising Expenses $0

Program Expenses $128,692

Other Expenses $134,628

TOTAL EXPENSES $377,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,917	$356,043	+0.3%
Expenses	$377,393	$367,292	+0.0%
Net Income	$77,524	$-11,249	-7.9%

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

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

$12,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN N HATTLER	MANAGING DIR	1.00	Director	$12,575	$0	$12,575
VALERIE MADONIA	DIRECTOR	1.00	Director	$150	$0	$150
JONATHAN ABRAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAIRE BEARD	DIRECTOR	1.00	Director	$0	$0	$0
JENNY CARLSON	TREASURER	1.00	Director	$0	$0	$0
JUDITH GLUCKSTERN	VICE PRESIDE	1.00	Director	$0	$0	$0
STEPHANIE HATCHER	DIRECTOR	1.00	Director	$0	$0	$0
DAN HENSCHEL	TRUSTEE	1.00	Director	$0	$0	$0
KEIRA SKINNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA WATKINS	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$454,917	$377,393	$1,065,897	$77,524
2023	$356,043	$367,292	$977,271	$-11,249
2022	$644,065	$385,416	$928,673	$258,649
2021	$327,301	$214,786	$788,064	$112,515
2020	$322,559	$330,835	$584,174	$-8,276
2019	$420,115	$355,711	$574,657	$64,404

PALM ARTS INC