PALACIOS AREA HISTORICAL ASSN (EIN 760048017) - 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

1983

Legal Domicile

Principal Officer

VIKIJAN MOSSIER

Phone

3619721148

Tax Period

2024-01-01 to 2024-12-31

PALACIOS AREA HISTORICAL ASSN, founded in 1983, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 104% operating deficit.

Mission

THE MISSION OF THE PALACIOS AREA HISTORICAL ASSOCIATION IS TO OPERATE A MUSEUM AS A FUNCTIONAL RESOURCE CENTER FOR VISITORS TO EXPERIENCE AND LEARN FROM THE REGION'S DIVERSE CULTURES AND HISTORY. THIS SERVES TO PRESERVE THE PAST, RECORD THE PRESENT, AND PROVIDE PERSPECTIVE FOR THE FUTURE BY EDUCATIONAL OUTREACH, AND THROUGH THE COLLECTION, EXHIBITION, AND INTERPRETATION OF ARTIFACTS.

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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 $20,932

Program Service Revenue $5,439

Investment Income $3,966

Other Revenue $10,857

TOTAL REVENUE $41,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,676

Fundraising Expenses $0

Program Expenses $77,512

Other Expenses $62,436

TOTAL EXPENSES $84,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,194	$165,132	-0.8%
Expenses	$84,112	$213,418	-0.6%
Net Income	$-42,918	$-48,286	-0.1%

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

Total Directors

$6,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKUS SANDY	Treasurer	4.00	Director	$6,600	$0	$6,600
VIKIJAN MOSSIER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MARK GARRETT	Secretary	2.00	Officer Director	$0	$0	$0
MARK MOTE	Trustee	2.00	Director	$0	$0	$0
LOUISE ODOGWU	Trustee	2.00	Director	$0	$0	$0
KATY SCHULTZ	Trustee	2.00	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
2024	$41,194	$84,112	$445,642	$-42,918
2023	$165,132	$213,418	$485,035	$-48,286
2022	$179,177	$210,697	$532,533	$-31,520
2021	$163,679	$90,574	$561,710	$73,105
2020	$63,940	$80,282	$492,225	$-16,342
2019	$80,188	$81,468	$506,958	$-1,280
2018	$50,650	$72,356	$509,994	$-21,706

PALACIOS AREA HISTORICAL ASSN