PALMER WOODS ASSOCIATION

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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

1937

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

PALMER WOODS ASSOCIATION, founded in 1937, is a small nonprofit that reported $192K in total revenue in fiscal year 2022. Expenses of $179K left a modest 7% surplus.

Mission

TO PROVIDE NEIGHBORHOOD SECURITY BEAUTIFICATION AND CULUTURAL ACTIVITES TO OUR MEMEBERS

Program Service Accomplishments

Program 1

Expenses: $105,120

24 HOUR SECURITY PROVIDED FOR OUR RESIDENTS

Program 2

Expenses: $38,392

COMMON AREAS OF THE NEIGHBORHOOD ARE BEAUTIFIED AND MAINTAINED

Program 3

Expenses: $21,798

STREET SNOW REMOVAL AND PLOWING

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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 (2022)

Revenue Breakdown

Contributions & Grants $147,645

Program Service Revenue $0

Investment Income $12

Other Revenue $44,330

TOTAL REVENUE $191,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,310

Other Expenses $178,583

TOTAL EXPENSES $178,583

Year-over-Year Comparison

	2022	2021	Change
Revenue	$191,987	$196,174	0.0%
Expenses	$178,583	$181,654	0.0%
Net Income	$13,404	$14,520	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES DICKERSON III	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG VANDERBURG	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE GILES	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
JEDIDIAH DURKIN	TREASURER	0.00	Director	$0	$0	$0
EVA DEWAELSCHE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA RONNEBAUM	DIRECTOR	1.00	Director	$0	$0	$0
KAROY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
LYNN C KEITH	VICE PRESIDENT	4.00	Officer	$0	$0	$0
JEDIDIAH DURKIN	TREASURER	4.00	Officer	$0	$0	$0
MARJORIE PORTER	secretary	1.00	Officer	$0	$0	$0
MICHELLE S STEWART	PRESIDENT	4.00	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
2022	$191,987	$178,583	$294,220	$13,404
2021	$196,174	$181,654	$280,816	$14,520
2020	$136,030	$196,733	$266,296	$-60,703