PALAEMON INC (EIN 364638098) - 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

2008

Legal Domicile

Principal Officer

JAMES O'CONNELL

Phone

5083950068

Tax Period

2023-07-01 to 2024-06-30

PALAEMON INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $494K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $588K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO EMPOWER YOUNG ADULTS WITH DEVELOPMENTAL LEARNING DISABILITIES TOWARDS AN INDEPENDENT LIFESTYLE BY PROVIDING A GROUP HOME WITH A STABLE ENVIRONMENT WITHIN WHICH TO DEVELOP THE SKILLS NEEDED TO ACCOMPLISH THEIR INDEPENDENCE.

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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 $300

Program Service Revenue $493,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $494,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,155

Fundraising Expenses $0

Program Expenses $513,307

Other Expenses $354,711

TOTAL EXPENSES $587,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,012	$1,465,881	-0.7%
Expenses	$587,866	$644,883	-0.1%
Net Income	$-93,854	$820,998	-1.1%

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

N/A

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

$213,200

Total Directors

$213,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MAIOCCA	TREASURER	96.00	Officer Director	$93,100	$13,500	$106,600
JAMES O'CONNELL	PRESIDENT	96.00	Officer Director	$93,100	$13,500	$106,600
AMY CARROLL	DIRECTOR	0.00	Director	$0	$0	$0
JOHN C CARTWRIGHT	CLERK	0.00	Director	$0	$0	$0
BRETT DUBNER	DIRECTOR	0.00	Director	$0	$0	$0
LAURIE SULLIVAN	DIRECTOR	0.00	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
2024	$494,012	$587,866	$1,982,914	$-93,854
2023	$1,465,881	$644,883	$2,075,239	$820,998
2022	$498,902	$503,659	$593,024	$-4,757
2021	$481,001	$522,481	$625,759	$-41,480
2020	$484,397	$469,980	$725,315	$14,417
2019	$483,187	$409,747	$700,250	$73,440

PALAEMON INC