PALCARE INC (EIN 943048383) - 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

1987

Legal Domicile

Principal Officer

LISA KIESSELBACH

Phone

6503401289

Tax Period

2024-07-01 to 2025-06-30

PALCARE INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $5.5M left a modest 15% surplus.

Mission

PALCARE INC.'S MISSION IS TO PROVIDE QUALITY CHILD CARE AND EARLY EDUCATION AND TO ADVOCATE FOR THE CHANGING NEEDS OF CHILDREN AND FAMILIES.

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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 $900,009

Program Service Revenue $5,559,850

Investment Income $-10,445

Other Revenue $25,119

TOTAL REVENUE $6,474,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,558,128

Fundraising Expenses $24,973

Program Expenses $4,587,108

Other Expenses $1,956,011

TOTAL EXPENSES $5,514,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,474,533	$4,868,090	+0.3%
Expenses	$5,514,139	$4,736,607	+0.2%
Net Income	$960,394	$131,483	+6.3%

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

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

$302,427

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PITNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN CARAMATTI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN DELANEY	TREASURER	1.00	Officer Director	$0	$0	$0
JAMIE HUI	SECRETARY	1.00	Officer Director	$0	$0	$0
HENRY YEUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN ROSS	BOARD PERSONNEL COMMITTEE	1.00	Director	$0	$0	$0
LEE KOURTOGLOU	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER ACTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HOMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA KIESSELBACH	EXECUTIVE DIRECTOR	40.00	Officer	$165,751	$7,200	$172,951
KARLA ESTRADA UNTIL 032025	DIRECTOR OF FINANCE	40.00	Officer	$129,245	$231	$129,476
JACOB NAVA-COULTER FR 042025	DIRECTOR OF FINANCE	40.00	Officer	$0	$0	$0
ALLISON RIOZZIE HAAS	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Highest	$119,998	$6,000	$125,998

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	$6,474,533	$5,514,139	$5,509,486	$960,394
2024	$4,868,090	$4,736,607	$4,416,324	$131,483
2023	$4,016,540	$4,209,984	$4,494,033	$-193,444
2022	$3,731,289	$3,933,891	$3,124,177	$-202,602
2021	$4,196,178	$3,589,293	$3,480,032	$606,885
2020	$3,586,882	$3,799,553	$3,588,130	$-212,671
2019	$3,810,107	$3,888,056	$2,562,306	$-77,949

PALCARE INC