ELIM PALMTREES INC (EIN 371870759) - 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

2018

Legal Domicile

Principal Officer

ETHAN WANG

Phone

4087282811

Tax Period

2024-01-01 to 2024-12-31

ELIM PALMTREES INC, founded in 2018, is a micro nonprofit in the Human Services sector that reported $17K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $424K exceeded revenue, resulting in a 2463% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO 1) SUPPORT CHRISTIAN ORGANIZATIONS LIKE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS, 2) SUPPORT SOME MISSIONARIES OR PASTORS AND, 3) HELP ANY EVENTS LIKE NATURE DISASTER OR INDIVIDUALS NEED EMERGENCY HELP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $0

Investment Income $6,541

Other Revenue $0

TOTAL REVENUE $16,541

Expense Breakdown

Grants Paid $121,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,400

Other Expenses $302,517

TOTAL EXPENSES $423,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,541	$12,221	+0.4%
Expenses	$423,917	$295,004	+0.4%
Net Income	$-407,376	$-282,783	+0.4%

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
ETHAN WANG	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIANZHONG LI	TRUSTEE	2.00	Director	$0	$0	$0
XIAOQIANG NI	TRUSTEE	2.00	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	$16,541	$423,917	$1,014,310	$-407,376
2023	$12,221	$295,004	$1,421,686	$-282,783
2022	$8,400	$444,775	$1,704,469	$-436,375
2021	$2,209,317	$234,086	$2,141,044	$1,975,231
2020	$932,806	$768,020	$165,813	$164,786

ELIM PALMTREES INC