PALOUSE MINDFULNESS INC (EIN 863697978) - 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

2021

Legal Domicile

Principal Officer

David Potter

Phone

2088826834

Tax Period

2024-01-01 to 2024-12-31

PALOUSE MINDFULNESS INC, founded in 2021, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2024. Expenses of $8K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO MAKE LEARNING MINDFULNESS MEDITATION FREELY AVAILABLE TO ANYONE, ANYWHERE IN THE WORLD, AT NO COST.

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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 $7,393

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,753

Other Expenses $8,218

TOTAL EXPENSES $8,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,393	$7,566	0.0%
Expenses	$8,218	$12,351	-0.3%
Net Income	$-825	$-4,785	-0.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POTTER	Executive Dir.	1.00	Officer Director	$0	$0	$0
LAUREN FINS	Director	1.00	Director	$0	$0	$0
SUE WEAVER	Director	1.00	Director	$0	$0	$0
MOIRA NOVACK	Director	1.00	Director	$0	$0	$0
E N BURSON	Director	1.00	Director	$0	$0	$0
PATRICIA BERMUDEZ GONZALEZ	Director	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
2025	No data	No data	No data	No data
2024	$7,393	$8,218	$5,951	$-825
2024	$7,393	$8,218	$5,951	$-825
2023	$7,566	$12,351	$6,776	$-4,785
2022	$8,585	$9,443	$11,561	$-858
2021	$14,344	$1,925	$12,419	$12,419

PALOUSE MINDFULNESS INC