PALMER MEMORIAL 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

1975

Legal Domicile

Principal Officer

BRENDA MOSER

Phone

5634223811

Tax Period

2023-10-01 to 2024-09-30

PALMER MEMORIAL FOUNDATION, founded in 1975, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 51% operating margin.

Mission

PALMER MEMORIAL FOUNDATION'S MISSION IS TO FUND THE HEALTHCARE NEEDS OF OUR COMMUNITY THAT ADVANCE HEALTH AND WELL-BEING IN OUR SERVICE AREA THROUGH PARTICIPATION AND ORGANIZATION OF SUCH ACTIVITIES DESIGNATED TO PROMOTE HEALTH INITIATIVES. THIS MISSION WILL BE DONE WITH THE FOLLOWING VALUES IN THE FOREFRONT: COMPASSION, SUPPORT, GENEROSITY, GROWTH, INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $63,930 Revenue: $0

PALMER MEMORIAL FOUNDATION WAS ESTABLISHED IN 1975 AS A NON-PROFIT ORGANIZATION WHOSE SOLE OBJECTIVE AND PURPOSE IS TO FUND THE HEALTHCARE NEEDS OF NORTHEAST IOWA. OVER THE YEARS, GIFTS LARGE AND...

PALMER MEMORIAL FOUNDATION WAS ESTABLISHED IN 1975 AS A NON-PROFIT ORGANIZATION WHOSE SOLE OBJECTIVE AND PURPOSE IS TO FUND THE HEALTHCARE NEEDS OF NORTHEAST IOWA. OVER THE YEARS, GIFTS LARGE AND SMALL HAVE ASSISTED THE FOUNDATION IN PROVIDING NEW TECHNOLOGY, EDUCATION, SERVICES AND PROGRAMS TO THE COMMUNITY AND PALMER LUTHERAN HEALTH CENTER. DURING 2024, PALMER MEMORIAL FOUNDATION GRANTED FUNDS FOR THE FOLLOWING ITEMS: CARDIAC REHAB MONITOR, BOOKS AND VARIOUS SUPPLIES FOR HOSPICE PATIENTS, A DONOR BOARD, BEREAVEMENT GIFTS FOR HOSPICE FAMILIES, WAITING ROOM CHAIRS, MEALS FOR OB PATIENT FAMILIES, A PATIO AND FURNITURE FOR EMPLOYEES AND PATIENTS TO UTILIZE, AND SUPPLIES FOR A TEDDY BEAR CLINIC.

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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 $64,750

Program Service Revenue $0

Investment Income $80,478

Other Revenue $9,019

TOTAL REVENUE $154,247

Expense Breakdown

Grants Paid $43,591

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,930

Other Expenses $32,083

TOTAL EXPENSES $75,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,247	$411,691	-0.6%
Expenses	$75,674	$18,401	+3.1%
Net Income	$78,573	$393,290	-0.8%

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

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
TANYA ROHWER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT COWLEY	TREASURER	2.00	Officer Director	$0	$0	$0
TINA JACOBS	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICE KUENNEN	ADMINISTRATOR	2.00	Director	$0	$0	$0
ABBY AMBROSON	DIRECTOR	2.00	Director	$0	$0	$0
CLINT AMBROSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE BRITT	DIRECTOR	2.00	Director	$0	$0	$0
DEREK HEINS	DIRECTOR	2.00	Director	$0	$0	$0
CYNDII LAMPHIER	DIRECTOR	2.00	Director	$0	$0	$0
BETSY NEFZGER	DIRECTOR	2.00	Director	$0	$0	$0
VIC PAVLOVEC	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE HOEY	FOUNDATION DIRECTOR	2.00	Officer	$0	$0	$0
BRENDA MOSER	FINANCE ADMINISTRATOR	2.00	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	$154,247	$75,674	$1,189,732	$78,573
2023	$411,691	$18,401	$1,112,821	$393,290
2022	$102,764	$65,580	$714,329	$37,184
2021	$229,535	$60,393	$689,142	$169,142
2020	$107,691	$44,918	$523,907	$62,773