PALMER CONTINUUM OF CARE INC (EIN 562302027) - 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

2002

Legal Domicile

Principal Officer

MARK JACKSON

Phone

9188327764

Tax Period

2024-01-01 to 2024-12-31

PALMER CONTINUUM OF CARE INC, founded in 2002, is a community nonprofit in the Mental Health sector that reported $3.3M in total revenue in fiscal year 2024. Expenses of $4.3M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE QUALITY, COMPASSIONATE TREATMENT FOR SUBSTANCE ABUSE AND ADDICTION WHICH PROMOTES SUSTAINED RECOVERY FOR ADOLESCENTS, WOMEN AND THEIR FAMILIES.

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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 $1,612,318

Program Service Revenue $1,522,427

Investment Income $119,904

Other Revenue $183

TOTAL REVENUE $3,254,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,366,812

Fundraising Expenses $30,782

Program Expenses $3,544,779

Other Expenses $963,116

TOTAL EXPENSES $4,329,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,254,832	$3,257,080	0.0%
Expenses	$4,329,928	$3,178,567	+0.4%
Net Income	$-1,075,096	$78,513	-14.7%

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

100

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

$108,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY POTTEIGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LEANNA REEDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SOKOL	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN PARTAIN BARBER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTY FRAZIER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHERYL BARLOW	TREASURER	1.00	Officer Director	$0	$0	$0
MARK JACKSON	EXECUTIVE DIRECTOR	50.00	Director	$108,064	$0	$108,064
ROB JAMES	TRUSTEE	1.00	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	$3,254,832	$4,329,928	$3,169,777	$-1,075,096
2023	$3,257,080	$3,178,567	$4,199,461	$78,513
2022	$3,612,868	$2,974,737	$4,118,975	$638,131
2021	$3,971,937	$2,749,424	$3,733,468	$1,222,513
2020	$3,486,132	$3,037,173	$2,026,980	$448,959
2019	$3,235,996	$3,093,041	$1,563,616	$142,955
2018	$3,320,547	$3,304,688	$1,428,953	$15,859

PALMER CONTINUUM OF CARE INC