Walter B Palmer Foundation Inc

EIN: 311469468

Oxford, OH

Total Revenue
$427,311
Total Expenses
$224,671
Total Assets
$11,105,641
Net Assets
$11,019,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
OH
Principal Officer
Bartholomew F Reuter
Phone
5135236345
Tax Period
2023-01-01 to 2023-12-31

Walter B Palmer Foundation Inc, founded in 1924, is a small nonprofit that reported $427K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 47% operating margin.

Mission

The purpose of the Walter B. Palmer Foundation, Inc. is to assist Phi Delta Theta House Corporations and Phi Delta Theta General Fraternity by providing financial capital for acquisition of the chapter houses, improving and updating current chapter houses including life safety improvement, and preserving prime property locations at which no Phi Delta Theta Chapter is currently located, as well as providing support for fundraising projects to support the above activities. The Foundation should follow investment practices that further its capital strength in order to pursue the above goals, and for betterment of the Phi Delta Theta International Fraternity.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $271,237
Investment Income $153,132
Other Revenue $2,942
TOTAL REVENUE $427,311

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $54,902
Fundraising Expenses $0
Other Expenses $69,769
TOTAL EXPENSES $224,671

Year-over-Year Comparison

2023 2022 Change
Revenue $427,311 $349,092 +0.2%
Expenses $224,671 $589,893 -0.6%
Net Income $202,640 $-240,801 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bartholomew F Reuter President 4.00
Officer Director
$0 $0 $0
Joe Kohout Exit 623 Vice President 4.00
Officer Director
$0 $0 $0
Joe Passanise Exit 623 Secretary/Treauser 4.00
Officer Director
$0 $0 $0
Christopher M Job Director 4.00
Director
$0 $0 $0
Tucker D Lee Director 4.00
Director
$0 $0 $0
Samuel A Bluso Exit 623 Director 4.00
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 No data No data No data No data
2023 $427,311 $224,671 $11,105,641 $202,640
2022 $349,092 $589,893 $10,403,716 $-240,801
2021 $556,769 $137,563 $11,563,109 $419,206
2020 $494,065 $343,793 $10,442,489 $150,272
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