PALM HOUSE INC (EIN 953248400) - 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

1978

Legal Domicile

Principal Officer

RENATO D CASACLANG

Phone

3108307803

Tax Period

2024-07-01 to 2025-06-30

PALM HOUSE INC, founded in 1978, is a small nonprofit in the Mental Health sector that reported $984K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $950K left a modest 3% surplus.

Mission

The program aims to deliver quality care and supportive services to individuals struggling with alcohol and other drug-related issues. It serves as a welcoming home environment, helping those who enter to prepare for a triumphant return to a sober life. This program is fully licensed and certified by the Department of Health Care Services (DHCS) of the State of California.

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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 $0

Program Service Revenue $957,074

Investment Income $0

Other Revenue $26,453

TOTAL REVENUE $983,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $723,990

Fundraising Expenses $0

Program Expenses $869,812

Other Expenses $226,362

TOTAL EXPENSES $950,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,527	$832,090	+0.2%
Expenses	$950,352	$809,554	+0.2%
Net Income	$33,175	$22,536	+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

N/A

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

$178,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENATO D CASACLANG	Executive Director	40	Officer	$96,000	$0	$96,000
CECILIA S CASACLANG	Medical Director	10	Officer	$82,667	$0	$82,667
DOM DELA CRUZ	BOD - Secretary/Treasurer	0	Director	$0	$0	$0
PERRY BARIT	BOD - Chairperson	0	Director	$0	$0	$0
DAN BARRERA	BOD - Member	0	Director	$0	$0	$0
AUGUSTO SAAVEDRA	BOD - Member	0	Director	$0	$0	$0
Cheryl S Koffman	BOD - Member	0	Director	$0	$0	$0
Perfecto dela Cruz	BOD - Member	0	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	$983,527	$950,352	$299,375	$33,175
2024	$832,090	$809,554	$699,453	$22,536
2023	$788,589	$760,701	$636,186	$27,888
2022	$796,119	$725,463	$686,364	$70,656
2021	$443,586	$490,504	$575,729	$-46,918

PALM HOUSE INC