Palombo & Friends Foundation Inc

EIN: 460548390 501(c)(3) Human Services

Raleigh, NC

Total Revenue
$3,529
Total Expenses
$3,529
Total Assets
$8,110
Net Assets
$8,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
Thomas Palombo
Phone
8444007118
Tax Period
2025-01-01 to 2025-12-31

Palombo & Friends Foundation Inc, founded in 2012, is a micro nonprofit in the Human Services sector that reported $4K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $8K represent 28 months of operating reserves.

Mission

JoesHelpLine.org and the Palombo & Friends Foundation provide free and easy access to information for those facing everyday challenges. Everyone is able to access our directory to find the help they need. We serve as a no-cost bridge to resources available for the physically challenged, the elderly, and those less fortunate.

Program Service Accomplishments

Program 1
Expenses: $1,893 Revenue: $0

Non-Profit Assisted Fellowship: Working with Volunteers from other organizations and volunteer student interns who learn through real-world experience. Acting as a liaison hub with other charity...

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Non-Profit Assisted Fellowship: Working with Volunteers from other organizations and volunteer student interns who learn through real-world experience. Acting as a liaison hub with other charity events, with an exchange of ideas and activities coming together in related services.

Program 2
Expenses: $847 Revenue: $0

Easy Access to Services: Help the physically challenged, elderly, and those less fortunate in finding information about services and activities at no cost via the Internet. They offer access to...

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Easy Access to Services: Help the physically challenged, elderly, and those less fortunate in finding information about services and activities at no cost via the Internet. They offer access to volunteer consultants and their services through a toll-free call using "Call Me" technology and a website.

Program 3
Expenses: $422 Revenue: $0

Educational Awareness (obtain volunteers and volunteer student interns which learn through real-world experience, North Carolina State Employees Combined Campaign, Charity Sales, UNC and/or NC State...

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Educational Awareness (obtain volunteers and volunteer student interns which learn through real-world experience, North Carolina State Employees Combined Campaign, Charity Sales, UNC and/or NC State job fair and other types of liked information exchange events and activities).

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,529
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,529

Expense Breakdown

Grants Paid $1,995
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,162
Other Expenses $1,534
TOTAL EXPENSES $3,529

Year-over-Year Comparison

2025 2024 Change
Revenue $3,529 $2,752 +0.3%
Expenses $3,529 N/A N/A
Net Income $0 $2,752 -1.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Palombo CEO 40
Officer Director
$0 $0 $0
William Mannes Treasurer 20
Officer Director
$0 $0 $0
Joanne Handzel Secretary 10
Officer Director
$0 $0 $0
Zakary Smith VP of Real-Estate and Marketing Operations 10
Officer Director
$0 $0 $0
Thomas Palombo President 20
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
2025 $3,529 $3,529 $8,110 No data
2022 $2,392 $2,288 $10,918 $104
2020 $2,618 $2,528 $11,039 $90
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