Palm Healthcare Foundation Inc (EIN 592391119) - 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

1984

Legal Domicile

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

The Foundation invests in solutions that strengthen health and resilience across PB County.

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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 $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

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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

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

$555,138

Total Directors

Key Employees

Highest Compensated

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

Palm Healthcare Foundation Inc