PALMER HOUSE INC (EIN 592533809) - 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

1988

Legal Domicile

Principal Officer

REV MARCOS SOMARRIBA

Phone

9544841515

Tax Period

2023-07-01 to 2024-06-30

PALMER HOUSE INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $239K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $224K, a strong 94% operating margin.

Mission

LOW INCOME ELDERLY HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $233,766

Other Revenue $4,750

TOTAL REVENUE $238,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,182

Other Expenses $14,252

TOTAL EXPENSES $14,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,516	$26,464,958	-1.0%
Expenses	$14,252	$1,871,494	-1.0%
Net Income	$224,264	$24,593,464	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MARCOS SOMARRIBA	PRESIDENT	1.00	Director	$0	$0	$0
REV CARLOS ARMANDO MARTINEZ ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
REV EDUARDO LOGISTE FELIX	DIRECTOR	1.00	Director	$0	$0	$0
REV JUAN J SOSA	DIRECTOR	1.00	Director	$0	$0	$0
REV SAMUEL MUODIAJU	DIRECTOR	1.00	Director	$0	$0	$0
REV JEAN JADOTTE	DIRECTOR	1.00	Director	$0	$0	$0
REV MSGR MICHAEL SOUCKAR	VICE PRES./SECRETARY	1.00	Director	$0	$0	$0
REV STEVEN O'HALA	DIRECTOR	1.00	Director	$0	$0	$0
REV LUCIEN PIERRE	TREASURER	1.00	Director	$0	$0	$0
REV JESUS FERRAS	DIRECTOR	1.00	Director	$0	$0	$0
FR MANUEL GALVAN VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
REV MSGR ROBERTO GARZA	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	No data	No data	No data	No data
2024	$238,516	$14,252	$25,331,448	$224,264
2023	$26,464,958	$1,871,494	$24,600,210	$24,593,464
2022	$1,758,590	$1,518,914	$4,001,329	$239,676
2021	$1,753,026	$1,427,082	$4,132,353	$325,944
2020	$1,741,162	$1,480,510	$3,776,225	$260,652
2019	$1,706,477	$1,506,713	$3,589,846	$199,764

PALMER HOUSE INC