R MERLE PALMER MINORITY SCHOLARSHIP FOUNDATION

EIN: 911742581 501(c)(3) Education

TACOMA, WA

Total Revenue
$1,445,016
Total Expenses
$1,605,662
Total Assets
$1,681,594
Net Assets
$1,661,611
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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
1996
Legal Domicile
WA
Principal Officer
DENISE NICOLE FRANKLIN
Phone
2535729008
Tax Period
2022-07-01 to 2023-06-30

R MERLE PALMER MINORITY SCHOLARSHIP FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2022. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,475,136
Program Service Revenue $0
Investment Income $27,447
Other Revenue $-57,567
TOTAL REVENUE $1,445,016

Expense Breakdown

Grants Paid $347,674
Salaries & Benefits $890,498
Fundraising Expenses $187,633
Program Expenses $1,265,788
Other Expenses $367,490
TOTAL EXPENSES $1,605,662

Year-over-Year Comparison

2022 2021 Change
Revenue $1,445,016 $1,443,994 +0.0%
Expenses $1,605,662 $1,359,309 +0.2%
Net Income $-160,646 $84,685 -2.9%
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
12
Independent Members
12
Employees
17
Volunteers
184

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
6
$147,495
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMALIA PEREZ PRESIDENT 2.00
Officer Director
$0 $0 $0
ZACH PARSONS TREASURER 2.00
Officer Director
$0 $0 $0
KACEE WOODS SECRETARY 2.00
Officer Director
$0 $0 $0
MARISSA RATHBONE IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
KIMBERLY GREEN AT-LARGE 1.00
Officer Director
$0 $0 $0
STEPHANIE CROOM-WILLIAMS MEMBER 1.00
Director
$0 $0 $0
HEATHER CURL MEMBER 1.00
Director
$0 $0 $0
ALEX DAVIS MEMBER 1.00
Director
$0 $0 $0
CHRISTAL HARRISON MEMBER 1.00
Director
$0 $0 $0
STEVE SCHAIN MEMBER 1.00
Director
$0 $0 $0
KIDANE YOHANNES MEMBER 1.00
Director
$0 $0 $0
JEANKIE ACZON MEMBER 1.00
Director
$0 $0 $0
JONATHAN JACKSON EXECUTIVE DIRECTOR 40.00
Officer
$137,083 $10,412 $147,495
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 No data No data No data No data
2023 $1,445,016 $1,605,662 $1,681,594 $-160,646
2022 $1,443,994 $1,359,309 $1,801,300 $84,685
2021 $1,138,687 $849,173 $1,853,930 $289,514
2020 $1,045,328 $911,987 $1,342,472 $133,341
2019 $736,473 $704,009 $1,146,768 $32,464
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