PALMER PREVENTION INC

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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

1992

Legal Domicile

Principal Officer

BILL SMITH

Phone

9107409894

Tax Period

2023-07-01 to 2024-06-30

PALMER PREVENTION INC, founded in 1992, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PALMER PREVENTION INC. MISSION IS TO PREVENT, DELAY, AND REDUCE SUBSTANCE ABUSE IN ALL YOUTH AND PARENTS IN ROBESON COUNTY. PROVIDING COMMUNITY AWARENESS, PREVENTION, EDUCATIONAL AND OUT PATIENT TREATMENT PROGRAMS, REFERRALS FOR RESIDENTIAL AND FOLLOW UP RELAPSE PREVENTION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $215,433

PALMER PREVENTION, INC. PROVIDED "KEEP MY CHILD DRUG FREE" PROGRAMS WHICH SERVED 115 TEENAGERS AND THEIR PARENTS WITH 20 HOURS OF INTERVENTION SERVICES WITH A 92% SUCCESS RATE MEASURE BY POST TEST...

PALMER PREVENTION, INC. PROVIDED "KEEP MY CHILD DRUG FREE" PROGRAMS WHICH SERVED 115 TEENAGERS AND THEIR PARENTS WITH 20 HOURS OF INTERVENTION SERVICES WITH A 92% SUCCESS RATE MEASURE BY POST TEST PROGRAM AND URINE SCREENING FOR THREE MONTHS. PALMER PREVENTION SERVED 47 ADULTS WITH OUTPATIENT TREATMENT AND 22 RESIDENTIAL TREATMENT ALONG WITH 24 OUT PATIENT CLIENTS. PALMER PREVENTION PROVIDED RESIDENCE WITH FOUR COMMUNITY EVENTS RAISING AWARENESS AND PROVIDED AN ALOCOHOL AND DRUG FREE SAFE ZONES.

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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 $212,623

Program Service Revenue $0

Investment Income $0

Other Revenue $9,544

TOTAL REVENUE $222,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,863

Fundraising Expenses $0

Program Expenses $217,824

Other Expenses $38,166

TOTAL EXPENSES $242,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,167	$258,644	-0.1%
Expenses	$242,029	$238,294	+0.0%
Net Income	$-19,862	$20,350	-2.0%

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

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

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
BILL SMITH	BOARD CHAIRM	N/A	Director	$0	$0	$0
THOMAS NORTON	ADMINISTRATO	N/A	Officer	$0	$0	$0
RUDY LOCKLEAR	MEMBER	N/A	Director	$0	$0	$0
EFFIE LOCKLEAR - BENJAMIN	MEMBER	N/A	Director	$0	$0	$0
FRED MCKINNON	MEMBER	N/A	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	$13,709	$20,364	No data	$-6,655
2024	$222,167	$242,029	$6,655	$-19,862
2023	$258,644	$238,294	$34,118	$20,350
2022	$280,021	$268,703	$13,817	$11,318
2021	$323,594	$322,390	$25,920	$1,204
2020	$285,806	$340,848	$41,534	$-55,042
2019	$284,883	$332,729	$74,765	$-47,846
2018	$298,082	$319,414	$134,401	$-21,332