THE FOUNDATION FOR THE CHURCH OF THE PALMS PRESBYT

EIN: 592434393 501(c)(3)

SARASOTA, FL

Total Revenue
$1,128,566
Total Expenses
$123,152
Total Assets
$9,714,357
Net Assets
$9,714,357
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Principal Officer
ANDREA JACKSON
Phone
9419241323
Tax Period
2025-01-01 to 2025-12-31

THE FOUNDATION FOR THE CHURCH OF THE PALMS PRESBYT, founded in 1983, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 89% operating margin.

Mission

TO RECEIVE AND ADMINISTER GIFTS AND DONATIONS OF FUNDS AND PROPERTY AND INCOME GENERATED THEREFROM FOR CERTAIN GENERAL MISSION BENEVOLENCES, CAPITAL IMPROVEMENTS FOR THE CHURCH AND DIRECTLY RELATED FACILITIES. ALL FUNDS SHALL BE USED FOR PURPOSES PERMITTED UNDER SECTION 501(C)(3)

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $6,889
Program Service Revenue $0
Investment Income $1,121,677
Other Revenue $0
TOTAL REVENUE $1,128,566

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $123,152
Other Expenses $108,152
TOTAL EXPENSES $123,152

Year-over-Year Comparison

2025 2024 Change
Revenue $1,128,566 $1,035,993 +0.1%
Expenses $123,152 $416,455 -0.7%
Net Income $1,005,414 $619,538 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA JACKSON TREASURER 1.00
Officer Director
$0 $0 $0
KITTY CRANOR DIRECTOR 1.00
Director
$0 $0 $0
JOHN HARKEY DIRECTOR 1.00
Director
$0 $0 $0
DAVID WEST DIRECTOR 1.00
Director
$0 $0 $0
DIMITRIOS VAFEAS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BONNET PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW STRAEB DIRECTOR 1.00
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 $1,128,566 $123,152 $9,714,357 $1,005,414
2024 $1,035,993 $416,455 $9,298,649 $619,538
2023 $627,159 $418,491 $8,882,830 $208,668
2022 $529,338 $390,251 $8,121,720 $139,087
2021 $573,618 $357,442 $9,092,441 $216,176
2020 $988,525 $341,306 $8,162,235 $647,219
2019 $520,989 $306,296 $7,352,342 $214,693
2018 $700,205 $674,124 $6,543,662 $26,081
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