PALMER HOME FOR CHILDREN (EIN 640334999) - 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

1895

Legal Domicile

Principal Officer

DRAKE BASSET

Phone

6623285704

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

SUPPORT OF UNDERPRIVILEGED CHILDREN.

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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 $5,921,515

Program Service Revenue $0

Investment Income $152,158

Other Revenue $82,073

TOTAL REVENUE $6,155,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,631,988

Fundraising Expenses $1,484,758

Program Expenses $4,115,831

Other Expenses $3,046,731

TOTAL EXPENSES $6,678,719

Year-over-Year Comparison

	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%

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

$212,387

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

PALMER HOME FOR CHILDREN