PALESTINE ACADEMIC FOUNDATION

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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

1991

Legal Domicile

Principal Officer

Stacie D Ogle

Phone

6185545547

Tax Period

2023-11-01 to 2024-10-31

PALESTINE ACADEMIC FOUNDATION, founded in 1991, is a micro nonprofit in the Human Services sector that reported $30K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 25% operating margin.

Mission

Palestine Academic Foundation is a non-profit organization that helps fund the educational needs of CUSD#3 in Palestine, IL. We also administer two local scholarships.

Program Service Accomplishments

Program 1

Expenses: $5,688 Revenue: $10,128

District Teacher Requests

Program 2

Expenses: $12,000 Revenue: $16,611

Administer two area scholarships: funds distributed directly to the universities of the recipients. (Vincennes University $4,000, University of Illinois $2,000, Eastern Illinois University $4,000...

Administer two area scholarships: funds distributed directly to the universities of the recipients. (Vincennes University $4,000, University of Illinois $2,000, Eastern Illinois University $4,000, Indiana State University $2,000)

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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 $430

Program Service Revenue $5,163

Investment Income $16,611

Other Revenue $7,735

TOTAL REVENUE $29,939

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,347

Other Expenses $10,347

TOTAL EXPENSES $22,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,939	$20,703	+0.4%
Expenses	$22,347	$34,102	-0.3%
Net Income	$7,592	$-13,399	-1.6%

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

N/A

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
Lindsay Beabout	Member	0.5	Director	$0	$0	$0
Aprille Musgrave	Member	0.5	Director	$0	$0	$0
Airion Bollenbaugh	Member	0.5	Director	$0	$0	$0
Damien Tingley	Ex-Officio Member	0.5	Director	$0	$0	$0
Ashley Wlliamson	Member	0.5	Director	$0	$0	$0
Bradley Fulling	Member	0.5	Director	$0	$0	$0
Guillermina Fulling	Member	0.5	Director	$0	$0	$0
Laura York	Member	0.5	Director	$0	$0	$0
Leslie Rich	Member	0.5	Director	$0	$0	$0
Tracy Tipton	Member	0.5	Director	$0	$0	$0
Tammy Duffield	Member	0.5	Director	$0	$0	$0
Dawn Biggs	Vice President	1	Officer	$0	$0	$0
Janice Fuller	Secretary	2	Officer	$0	$0	$0
Canda Pethtel	President	2	Officer	$0	$0	$0
Stacie Ogle	Treasurer	3.00	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	$29,939	$22,347	$623,157	$7,592
2023	$20,703	$34,102	$613,565	$-13,399
2022	$23,133	$18,686	$626,964	$4,447
2021	$577,301	$19,388	$622,516	$557,913