PALTOWN DEVELOPMENT FOUNDATION

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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

2016

Legal Domicile

Principal Officer

LINDSAY SICHTA

Phone

4108499660

Tax Period

2023-01-01 to 2023-12-31

PALTOWN DEVELOPMENT FOUNDATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $705K in total revenue in fiscal year 2023. Expenses of $780K exceeded revenue, resulting in a 11% operating deficit.

Mission

EMPOWERING PATIENTS AND CAREGIVERS BY CREATING DISEASE-SPECIFIC COMMUNITIES TO ADDRESS SOCIAL ISOLATION AND INFORMATION NEEDS THROUGH TRAINING, TECHNOLOGY, AND DEVELOPING PURPOSE-DRIVEN LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $285,541

COLONTOWN: ONLINE COMMUNITY FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS. COLONTOWN GREW BY OVER 2,000 MEMBERS IN 2023 AND SERVED 10,000 BY END OF YEAR. THE COMMUNITY INCLUDES 125 GROUPS, AND IS...

COLONTOWN: ONLINE COMMUNITY FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS. COLONTOWN GREW BY OVER 2,000 MEMBERS IN 2023 AND SERVED 10,000 BY END OF YEAR. THE COMMUNITY INCLUDES 125 GROUPS, AND IS MANAGED BY A TEAM OF PATIENTS AND CAREGIVERS, INCLUDING A FULL TIME PROGRAM MANAGER, ALONG WITH MORE THAN 100 VOLUNTEER MEMBER ADMINS.

Program 2

Expenses: $63,502

COLONTOWN UNIVERSITY IS AN ONLINE DISEASE EDUCATION RESOURCE FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS, PROVIDING MULTIMEDIA LEARNING CENTERS ON TOPICS OF HIGH INTEREST TO PATIENTS. COLONTOWN...

COLONTOWN UNIVERSITY IS AN ONLINE DISEASE EDUCATION RESOURCE FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS, PROVIDING MULTIMEDIA LEARNING CENTERS ON TOPICS OF HIGH INTEREST TO PATIENTS. COLONTOWN UNIVERSITY OFFERS HUNDREDS OF PAGES OF HIGH QUALITY EDUCATIONAL CONTENT, INCLUDING MORE THAN 70 ZOOM PRESENTATIONS BY RESEARCHERS AND CLINICIANS. COLONTOWN UNIVERSITY SERVES OVER 50,000 VISITORS.

Program 3

Expenses: $52,774

EMPOWERED PATIENT LEADERS WORKSHOPS: PALTOWN'S EMPOWERED PATIENT LEADERS (EPL) WORKSHOPS TRAIN PATIENTS AND CAREGIVERS TO BE COMMUNITY LEADERS AND SOCIAL INFLUENCERS FOR THEIR NETWORKS IN AND BEYOND COLONTOWN. SINCE 2018, OUR EPL WORKSHOPS HAVE WELCOMED MORE THAN 250 PARTICIPANTS. PALTOWN'S PROGRAM AND MANAGEMENT STAFF IS DRAWN ALMOST ENTIRELY FROM THE RANKS OF EPL GRADUATES, AS ARE OUR COLONTOWN NEIGHBORHOOD ADMINS. PARTICIPANTS LEARN BEST PRACTICES IN COMMUNITY MANAGEMENT, SHARE EXPERIENCES, AND WORK TOGETHER TO DEVELOP SOLUTIONS FOR THE MANY ISSUES THAT ARISE IN THE CONVERSATIONS IN COLONTOWN'S 100+ NEIGHBORHOODS.

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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 $704,965

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $704,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,994

Fundraising Expenses $84,697

Program Expenses $518,051

Other Expenses $505,558

TOTAL EXPENSES $779,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$704,970	$699,508	+0.0%
Expenses	$779,552	$644,290	+0.2%
Net Income	$-74,582	$55,218	-2.4%

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

120

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

$200,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD BROWN	DIR. TRANS TO CHAIR ( 02/23)	2.00	Officer Director	$0	$0	$0
TREVOR BARLOW	CHAIR (UNTIL 02/23)	2.00	Officer Director	$0	$0	$0
SAM DHARIA	DIR. TRANS TO TREAS. (02/23)	0.25	Officer Director	$0	$0	$0
LINH NGUYEN	TREASURER (UNTIL 02/23)	0.25	Officer Director	$0	$0	$0
KELLY NELSON	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL SCHOENBAUM	DIRECTOR	0.25	Director	$0	$0	$0
MARY HANNON	DIRECTOR	0.25	Director	$0	$0	$0
JULIE WRIGLEY	DIRECTOR	0.25	Director	$0	$0	$0
ALEXA MORRELL	DIRECTOR (FROM 05/23)	0.25	Director	$0	$0	$0
LESLIE CLOUD	DIRECTOR (FROM 05/23)	0.25	Director	$0	$0	$0
SUSAN PFAU	DIRECTOR (FROM 05/23)	0.25	Director	$0	$0	$0
JACQUELYN ROBINS	DIRECTOR (FROM 05/23)	0.25	Director	$0	$0	$0
SUSAN WYSOKI	EXECUTIVE DIR. (UNTIL 12/23)	40.00	Officer	$150,651	$5,433	$156,084
NANCY SEYBOLD	COO	40.00	Officer	$40,000	$4,914	$44,914

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	$704,970	$779,552	$216,976	$-74,582
2022	$699,508	$644,290	$306,323	$55,218
2021	$566,467	$563,801	$258,338	$2,666
2020	$440,321	$407,396	$311,441	$32,925
2019	$428,141	$283,010	$205,130	$145,131
2018	$208,543	$190,389	$59,931	$18,154