PALO ALTO PUBLIC IMPROVEMENT CORPORATION (EIN 770001048) - 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

ED LAUING

Phone

6503292675

Tax Period

2024-07-01 to 2025-06-30

PALO ALTO PUBLIC IMPROVEMENT CORPORATION, founded in 1983, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE CITY OF PALO ALTO BY FINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING, AND SELLING PROPERTY, AND OTHER PUBLIC IMPROVEMENT 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 $4,295,673

Investment Income $14,430

Other Revenue $0

TOTAL REVENUE $4,310,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,295,076

Other Expenses $4,295,076

TOTAL EXPENSES $4,295,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,310,103	$4,464,466	0.0%
Expenses	$4,295,076	$4,447,773	0.0%
Net Income	$15,027	$16,693	-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

N/A

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

$174,835

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD LAUING	COUNCIL MEMBER	1.00	Director	$0	$0	$16,564
JULIE LYTHCOTT-HAIMS	COUNCIL MEMBER	1.00	Director	$0	$29,419	$34,035
LYDIA KOU	COUNCIL MEMBER	1.00	Director	$0	$24,514	$32,559
GREG TANAKA	COUNCIL MEMBER	1.00	Director	$0	$14,172	$29,582
PATRICK J BURT	COUNCIL MEMBER	1.00	Director	$0	$24,514	$32,906
GREER B STONE	COUNCIL MEMBER	1.00	Director	$0	$0	$17,187
VICKI VEENKER	COUNCIL MEMBER	1.00	Director	$0	$0	$12,002

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	$4,310,103	$4,295,076	$148,773,099	$15,027
2024	$4,464,466	$4,447,773	$152,362,192	$16,693
2023	$2,870,266	$4,317,085	$155,803,366	$-1,446,819
2022	$1,679,598	$4,808,310	$158,763,344	$-3,128,712
2021	$8,585,225	$3,962,421	$163,122,533	$4,622,804
2020	$1,948,476	$1,944,741	$50,824,724	$3,735
2019	$1,068,671	$1,049,919	$51,739,147	$18,752
2018	$92,928	$307,737	$9,014,252	$-214,809

PALO ALTO PUBLIC IMPROVEMENT CORPORATION