SHELTERING PALMS FOUNDATION INC (EIN 752715357) - 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

Principal Officer

HARVEY J POLLY

Phone

8507963100

Tax Period

2023-01-01 to 2023-12-31

SHELTERING PALMS FOUNDATION INC is a small nonprofit in the Housing & Shelter sector that reported $260K in total revenue in fiscal year 2023. Revenue surged 435% from the prior year, signaling strong growth momentum. Expenses of $682K exceeded revenue, resulting in a 162% operating deficit.

Mission

PROVIDE HOUSING TO LOW AND MODERATE INCOME PERSONS AND FAMILIES

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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 $259,861

Other Revenue $0

TOTAL REVENUE $259,861

Expense Breakdown

Grants Paid $72,619

Salaries & Benefits $462,559

Fundraising Expenses $0

Program Expenses $646,400

Other Expenses $146,532

TOTAL EXPENSES $681,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,861	$48,584	+4.3%
Expenses	$681,710	$884,554	-0.2%
Net Income	$-421,849	$-835,970	-0.5%

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

$415,833

Total Directors

$415,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY J FLAIM	DIRECTOR	20.00	Officer Director	$224,167	$0	$224,167
HARVEY J POLLY	PRESIDENT	16.00	Officer Director	$191,666	$0	$191,666
JEFFREY POLLY	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH S POLLY	DIRECTOR	1.00	Director	$0	$0	$0
THERESA FLAIM POLLY	DIRECTOR	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$259,861	$681,710	$7,962,269	$-421,849
2022	$48,584	$884,554	$8,649,930	$-835,970
2021	$8,762,156	$4,528,628	$10,617,493	$4,233,528
2020	$2,026,355	$2,414,964	$19,548,525	$-388,609
2019	$1,802,710	$2,691,277	$20,418,100	$-888,567
2018	$2,042,010	$2,536,655	$22,099,967	$-494,645

SHELTERING PALMS FOUNDATION INC