LAKE CORMORANT, MS
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PALMER HOME FOR CHILDREN, founded in 1895, is a community nonprofit in the Human Services sector that reported $6.2M in total revenue in fiscal year 2024. Net assets of $31.2M represent 61 months of operating reserves.
PALMER HOME IS LOCATED IN COLUMBUS, MS. PRINCIPAL PROGRAMS INCLUDE RESIDENTIAL CARE, FOSTER HOME CARE, ADOPTION IN SELECTED INDIVIDUAL CASES, ADVOCACY ON BEHALF OF VULNERABLE CHILDREN AND TRAINING CAREGIVERS UTILIZING ITS PROPRIETARY APPROACH TO CARE, WHOLE CHILD INITIATIVE, ALL WHILE ENCOURAGING CHRISTIAN VALUES.
PALMER HOME FOR CHILDREN - PROVIDING HOUSING AND ASSISTANCE FOR HOMELESS AND NEGLECTED CHILDREN.
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 | $6,155,746 | $5,773,938 | +0.1% |
| Expenses | $6,678,719 | $6,306,059 | +0.1% |
| Net Income | $-522,973 | $-532,121 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| DRAKE BASSETT | PRESIDENT | 40 |
Officer
|
$196,190 | $16,197 | $212,387 |
| JESSICA L CORLEY | VICE PRESIDENT OF DEVELOPMENT | 40 |
Highest
|
$102,814 | $16,197 | $119,011 |
| ANNA B WARREN | COMPLIANCE OFFICER | 40 |
Highest
|
$101,105 | $16,197 | $117,302 |
| WHIT W LEWIS | DEVELOPMENT TEAM MEMBER | 40 |
Highest
|
$97,440 | $16,197 | $113,637 |
| MADISON K DRAKE | DEVELOPMENT TEAM MEMBER | 40 |
Highest
|
$87,420 | $16,197 | $103,617 |
| SARAH L ZAMBRONI | DEVELOPMENT TEAM MEMBER | 40 |
Highest
|
$87,400 | $16,197 | $103,597 |
| ALAN WALTERS | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| ROBERT CLARK | CHAIR OF BOARD | 1 |
Officer
Director
|
$0 | $0 | $0 |
| AMY BROWN | VICE CHAIR OF BOARD | 1 |
Officer
Director
|
$0 | $0 | $0 |
| TIM EDMONSON | TREASURER | 1 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE SOUSOULAS | SECRETARY | 1 |
Officer
Director
|
$0 | $0 | $0 |
| TRIP HAIRSTON | BOARD MEMBER | 40 |
Director
|
$0 | $0 | $0 |
| ANDREW MARTIN | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| CHARLES GUEST | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| DARYL GUEST | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| DONNY SANDERS | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| GRAY FLORA | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| HAROLD CLARK | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| JACK FORBUS | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| JIM WALKER | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| KAREN CARLISLE | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| LARRY EDWARDS | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| MELINDA GEORGE | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| RICK POWELL | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| RUSS RUSSELL | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| TOM MCCANN | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,155,746 | $6,678,719 | $32,347,501 | $-522,973 |
| 2024 | $5,773,938 | $6,306,059 | $33,116,558 | $-532,121 |
| 2023 | $5,906,186 | $6,123,172 | $33,565,080 | $-216,986 |
| 2022 | $7,946,553 | $5,714,720 | $31,765,729 | $2,231,833 |
| 2022 | $7,946,552 | $5,683,569 | $31,796,879 | $2,262,983 |
| 2021 | $7,699,048 | $5,713,622 | $32,382,254 | $1,985,426 |
| 2020 | $7,944,570 | $5,899,955 | $26,612,288 | $2,044,615 |
Compare PALMER HOME FOR CHILDREN with other nonprofits in Mississippi and across the country.