West Palm Beach, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Palm Healthcare Foundation Inc, founded in 1984, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $3.8M, a strong 39% operating margin.
Palm Health Foundation invests in bold, community-led solutions that improve health and well-being in Palm Beach County. (Continued on Schedule O)Established in 2001 from the sale of Good Samaritan and St. Mary's hospitals, the Foundation partners with residents, donors, and professional advisors to advance brain health, strengthen the healthcare workforce, and build thriving, resilient communities.Through strategic investments and partnerships, we address the social and environmental conditions that shape health and create opportunities for all residents to reach their full health potential.Through scholarships, capacity building, and systems-focused philanthropy, Palm Health Foundation drives innovation and lasting change.
Palm Health Foundation deepened its investment in brain health innovation, community-led health solutions, and workforce development during FY2025.Through initiatives such as the Brain Coast Network...
Palm Health Foundation deepened its investment in brain health innovation, community-led health solutions, and workforce development during FY2025.Through initiatives such as the Brain Coast Network and the Center for the Resilient Mind, the Foundation advanced research, education, and NeuroArts programming that strengthen mental well-being and cognitive resilience.The Foundation continued to build community resilience through Healthier Together, empowering local changemakers to address behavioral health, caregiving, (Continued on Schedule O)and the social and economic factors that influence health.To strengthen the health professions, Palm Health Foundation provided scholarships and workforce development support in nursing and behavioral health ensuring a skilled, compassionate pipeline for the region's future health needs.As the fiscal agent for BeWellPBC, the Foundation demonstrates its role as a convener of cross-sector partners, leveraging philanthropy to align systems, drive measurable impact, and promote a shared vision for brain health and community well-being.Key FY2025 investments included $1 million in Florida Atlantic University's (FAU) computational neuroscience program and commitment to launch FAU's Center for Resilient Mind.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,779,641 | $11,369,077 | -0.1% |
| Expenses | $5,949,342 | $5,727,767 | +0.0% |
| Net Income | $3,830,299 | $5,641,310 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dr Marsha Fishbane MD | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christine Koehn PhD | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nathan Nason Esq | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Frances Fisher | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jyothi Gunta MD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Wiese PhD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Andrea Stephenson-Royster MBA M | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Ellen Andel | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Elhilow CPA PFS | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Clarence Williams JD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Barbara James MBA | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Stephen Zaloom Esq | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Naelys Luna PhD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Clovis Moodie | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Julie Fisher Cummings | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Abigail Goodwin | Exec VP | 40.00 |
Officer
|
$156,466 | $39,068 | $195,534 |
| Patrick J McNamara LCSW | President & CEO | 40.00 |
Officer
|
$319,979 | $39,625 | $359,604 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,779,641 | $5,949,342 | $94,979,982 | $3,830,299 |
| 2024 | $11,369,077 | $5,727,767 | $90,051,072 | $5,641,310 |
| 2023 | $1,993,608 | $5,097,890 | $85,858,257 | $-3,104,282 |
| 2022 | $10,314,014 | $4,895,884 | $83,819,891 | $5,418,130 |
| 2021 | $9,395,708 | $5,842,998 | $102,105,453 | $3,552,710 |
| 2020 | $4,317,235 | $4,883,485 | $86,568,498 | $-566,250 |
| 2019 | $5,867,688 | $4,819,248 | $88,269,201 | $1,048,440 |
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