Palm Center (EIN 273039386) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Aaron Belkin

Phone

4158570843

Tax Period

2022-01-01 to 2022-12-31

Palm Center, founded in 2010, is a small nonprofit that reported $278K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $527K exceeded revenue, resulting in a 90% operating deficit.

Mission

The Palm Center engaged in research and programming to inform public opinion about transgender military service.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $309,672

Program Service Revenue $0

Investment Income $15

Other Revenue $-31,849

TOTAL REVENUE $277,838

Expense Breakdown

Grants Paid $1,505

Salaries & Benefits $175,644

Fundraising Expenses $51,366

Program Expenses $346,307

Other Expenses $349,896

TOTAL EXPENSES $527,045

Year-over-Year Comparison

	2022	2021	Change
Revenue	$277,838	$579,376	-0.5%
Expenses	$527,045	$699,533	-0.2%
Net Income	$-249,207	$-120,157	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$95,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Belkin	Executive Dir.	8.00	Officer	$71,250	$0	$95,058
Steven Gluckstern	Board Chair	1.00	Officer Director	$0	$0	$0
Vivienne Ming	Treasurer	1.00	Officer Director	$0	$0	$0
Ruben Gonzales	Board Member	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
2022	$277,838	$527,045	No data	$-249,207
2021	$579,376	$699,533	$249,207	$-120,157
2020	$766,739	$915,364	$369,364	$-148,625
2019	$1,189,964	$1,677,118	$517,989	$-487,154
2019	$1,189,964	$1,677,118	$517,989	$-487,154
2018	$1,312,140	$1,253,313	$1,005,143	$58,827

Palm Center