PALATKA RETIREMENT VILLAS INC (EIN 592147710) - 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

1983

Legal Domicile

Principal Officer

ALMA C BALLARD

Phone

9046321255

Tax Period

2025-01-01 to 2025-12-31

PALATKA RETIREMENT VILLAS INC, founded in 1983, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Expenses of $885K left a modest 13% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ELDERLY AND DISABLED LOW INCOME PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,021,769

Investment Income $-1,146

Other Revenue $0

TOTAL REVENUE $1,020,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,434

Fundraising Expenses $0

Program Expenses $823,784

Other Expenses $643,034

TOTAL EXPENSES $885,468

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,020,623	$972,855	+0.0%
Expenses	$885,468	$940,369	-0.1%
Net Income	$135,155	$32,486	+3.2%

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

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

$93,013

Total Directors

$93,013

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALMA C BALLARD	SEC/TREAS	5.00	Officer Director	$0	$0	$93,013
THERESA BRAUMAN	DIRECTOR	2.00	Director	$0	$0	$0
CAROL BURRIDGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILHELMINA CLAY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RICHARD A CARR	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLEY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
PASTOR EDWARD DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
ANITA HASSELL	EX OFFICIO	2.00	Director	$0	$0	$0
LAKESHA SESSION	DIRECTOR	2.00	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
2025	$1,020,623	$885,468	$915,266	$135,155
2024	$972,855	$940,369	$935,204	$32,486
2023	$937,625	$966,918	$963,520	$-29,293
2022	$892,264	$914,073	$1,036,606	$-21,809
2021	$888,760	$950,827	$1,125,801	$-62,067
2020	$875,768	$909,721	$1,266,740	$-33,953
2019	$863,331	$848,509	$1,398,006	$14,822

PALATKA RETIREMENT VILLAS INC