HISTORIC PALESTINE INC

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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

1995

Legal Domicile

Principal Officer

CAROLYN F SALTER

Phone

9039487054

Tax Period

2024-01-01 to 2024-12-31

HISTORIC PALESTINE INC, founded in 1995, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024.

Mission

TO PROMOTE, PROTECT AND PRESERVE THE HISTORIC ARCHITECTURAL AND CULTURAL RESOURCES OF PALESTINE AND ANDERSON COUNTY, TEXAS

Program Service Accomplishments

Program 1

Revenue: $56,244

REVENUE FROM SALE OF REHABILITATED HISTORICAL PROPERTY. THE PROCEEDS WILL BE USED TO FUND FUTURE REHABILITATION PROJECTS.

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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 $0

Program Service Revenue $0

Investment Income $1,996

Other Revenue $54,247

TOTAL REVENUE $56,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,243	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GOURAS	PRESIDENT	001.00	Officer	$0	$0	$0
TIMOTHY TRIPLETT	PAST PRESIDENT	003.00	Officer	$0	$0	$0
TOM THORSEN	VICE PRESIDENT	001.00	Officer	$0	$0	$0
DR CAROLYN SALTER	SECRETARYTREASURY	003.00	Officer	$0	$0	$0
BEN CAMPBELL	BOARD MEMBER	001.00	Officer	$0	$0	$0
LAURNIE DURISOE	BOARD MEMBER	003.00	Officer	$0	$0	$0
KAREN PARSONS	BOARD MEMBER	001.00	Officer	$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
2024	$56,243	No data	$349,492	No data