Palm Healthcare Foundation Inc

EIN: 592391119 501(c)(3) Health Care

West Palm Beach, FL

Total Revenue
$9,779,641
Total Expenses
$5,949,342
Total Assets
$94,979,982
Net Assets
$94,331,149
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
Patrick McNamara
Phone
5618336333
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $4,976,091 Revenue: $14,168

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,093,278
Program Service Revenue $14,168
Investment Income $7,968,750
Other Revenue $-296,555
TOTAL REVENUE $9,779,641

Expense Breakdown

Grants Paid $2,790,422
Salaries & Benefits $1,805,882
Fundraising Expenses $358,231
Program Expenses $4,976,091
Other Expenses $1,353,038
TOTAL EXPENSES $5,949,342

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
15
Volunteers
26

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
6
$555,138
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Palm Healthcare Foundation Inc with other nonprofits in Florida and across the country.