PALM AVENUE BAPTIST TOWER INC (EIN 591466401) - 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

1972

Legal Domicile

Principal Officer

RANDALL STRAIN

Phone

8138059000

Tax Period

2024-04-01 to 2025-03-31

PALM AVENUE BAPTIST TOWER INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024.

Mission

WE ARE A HUD SUBSIDIZED AND REGULATED APARTMENT BUILDING, PROVIDING AFFORDABLE HOUSING AND ASSISTED LIVING SERVICES TO LOW INCOME ELDERLY AND/OR HANDICAPPED PERSONS.

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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 $1,780,774

Program Service Revenue $1,649,285

Investment Income $6

Other Revenue $28,750

TOTAL REVENUE $3,458,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,797,843

Fundraising Expenses $0

Program Expenses $3,479,137

Other Expenses $1,794,024

TOTAL EXPENSES $3,591,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,458,815	$3,360,464	+0.0%
Expenses	$3,591,867	$3,370,668	+0.1%
Net Income	$-133,052	$-10,204	+12.0%

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
RUTH ANN CROSS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JULUE	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL STRAIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SALLY STRAIN	SECRETARY/TR	1.00	Officer 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
2025	$3,458,815	$3,591,867	$1,285,942	$-133,052
2024	$3,360,464	$3,370,668	$1,483,657	$-10,204
2023	$3,154,100	$3,211,500	$1,418,746	$-57,400
2022	$3,024,442	$3,130,887	$1,464,303	$-106,445
2021	$2,803,570	$2,796,774	$1,688,356	$6,796
2020	$2,659,052	$2,794,882	$1,473,878	$-135,830
2019	$2,598,669	$2,550,966	$1,733,845	$47,703

PALM AVENUE BAPTIST TOWER INC