Palms 23 Foundation

EIN: 880741088 501(c)(3) Religion

Bennett, CO

Total Revenue
$50,573
Total Expenses
$1,595
Total Assets
$48,978
Net Assets
$48,978
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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
2022
Legal Domicile
CO
Principal Officer
Steve Muth
Phone
6125988695
Tax Period
2023-01-01 to 2023-12-31

Palms 23 Foundation, founded in 2022, is a micro nonprofit in the Religion sector that reported $51K in total revenue in fiscal year 2023. Revenue surged 9045% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 97% operating margin.

Mission

Charity For Medical Device Research & Development and Community Service.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,555
Program Service Revenue $0
Investment Income $18
Other Revenue $0
TOTAL REVENUE $50,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,490
Other Expenses $1,595
TOTAL EXPENSES $1,595

Year-over-Year Comparison

2023 2022 Change
Revenue $50,573 $553 +90.5%
Expenses $1,595 $553 +1.9%
Net Income $48,978 $0 N/A
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Muth Director 0.00
Officer Director
$0 $0 $0
Joanna Sawyer Director 0.00
Officer 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 No data No data No data No data
2023 $50,573 $1,595 $48,978 $48,978
2022 $553 $553 No data No data
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