PALMER DRUG ABUSE PROGRAM OF LEA COUNTY INC (EIN 850304262) - 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

1982

Legal Domicile

Principal Officer

SANDRA BAXTER

Phone

5753976333

Tax Period

2024-01-01 to 2024-12-31

PALMER DRUG ABUSE PROGRAM OF LEA COUNTY INC, founded in 1982, is a small nonprofit in the Mental Health sector that reported $440K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 28% operating margin.

Mission

COUNSELING SUBSTANCE ABUSERS

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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 $429,110

Program Service Revenue $0

Investment Income $142

Other Revenue $10,697

TOTAL REVENUE $439,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,060

Fundraising Expenses $6,166

Program Expenses $244,432

Other Expenses $53,829

TOTAL EXPENSES $315,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,949	$551,949	-0.2%
Expenses	$315,889	$312,944	+0.0%
Net Income	$124,060	$239,005	-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

Total Directors

$100,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEWART SROUFE	TRUSTEE	40.00	Director	$100,697	$0	$100,697
DAWNI NELSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SANDRA BAXTER	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRY CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
SUE WALLACH	SECRETARY	1.00	Officer Director	$0	$0	$0
JOTTY KINNEY	TRUSTEE	1.00	Director	$0	$0	$0
ALISON POORTMAN	TRUSTEE	1.00	Director	$0	$0	$0
ALLIE ETIER	TRUSTEE	1.00	Director	$0	$0	$0
GENE STRICKLAND	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL SLADE	TRUSTEE	1.00	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	$439,949	$315,889	$553,883	$124,060
2023	$551,949	$312,944	$429,823	$239,005
2022	$385,509	$323,570	$191,105	$61,939
2021	$316,900	$316,905	$128,879	$-5
2020	$284,437	$311,843	$129,558	$-27,406
2019	$392,349	$301,282	$159,608	$91,067
2018	$318,595	$349,761	$72,047	$-31,166

PALMER DRUG ABUSE PROGRAM OF LEA COUNTY INC