Palomar Health Development Inc
Palomar Health Development Inc. consistently operates with revenues closely matching expenses, reporting no officer compensation.
EIN: 202356830 · Escondido, CA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| Net Assets | $426K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Palomar Health Development Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Palomar Health Development Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Palomar Health Development Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.7M and expenses of $3.5M.
Revenue and Expenses
Palomar Health Development Inc reported $3.7M in revenue and $3.5M in expenses, a surplus of $177K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Palomar Health Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.0M (85%) |
Across stored filings, Palomar Health Development Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Butte County Fire Safe Council →All California nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Escondido, CA nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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Keep the Investigation Moving
Palomar Health Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palomar Health Development Inc
Palomar Health Development Inc (EIN: 202356830) is a nonprofit organization based in Escondido, CA. The organization reported total revenue of $3.6M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palomar Health Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palomar Health Development Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$177K |
| Total Assets | $2.9M |
| Total Liabilities | $2.4M |
| Net Assets | $426K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 85.2% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Palomar Health Development Inc reported a surplus of $177K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 85.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Palomar Health Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +2.1% | +2.7% |
| 2022 | -4.5% | +4.8% | +12.7% |
| 2021 | +8.3% | -1.4% | +5.2% |
| 2020 | -2.4% | -1.9% | +2.7% |
| 2019 | -0.7% | -2.8% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Palomar Health Development Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Palomar Health Development Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $177K, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a fully volunteer leadership or compensation being categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Palomar Health Development Inc's IRS 990 filings:
- Unknown NTEE code, hindering clear understanding of mission alignment.
- Consistent 0% officer compensation, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Palomar Health Development Inc:
- Consistent revenue generation and expense management over a decade.
- Positive trend in asset growth, increasing from $1,796,179 in 2014 to $2,871,867 in 2023.
- Revenues consistently exceed expenses, indicating financial stability (e.g., 202306: Revenue $3,663,771 vs. Expenses $3,486,516).
Frequently Asked Questions about Palomar Health Development Inc
Is Palomar Health Development Inc a legitimate charity?
Palomar Health Development Inc (EIN: 202356830) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Palomar Health Development Inc spend its money?
Palomar Health Development Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Palomar Health Development Inc tax-deductible?
Palomar Health Development Inc is registered as a tax-exempt nonprofit (EIN: 202356830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Palomar Health Development Inc's spending goes to programs?
Palomar Health Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Palomar Health Development Inc located?
Palomar Health Development Inc is headquartered in Escondido, California and files with the IRS under EIN 202356830.
How many years of IRS 990 filings does Palomar Health Development Inc have?
Palomar Health Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
Is Palomar Health Development Inc. a good charity?
Based on the available data, the organization appears financially stable with revenues consistently covering expenses. The reported 0% officer compensation is a positive indicator of resource allocation, assuming all compensation is accurately reported or leadership is indeed volunteer. However, without a clear NTEE code or detailed program spending breakdown, it's challenging to fully assess its programmatic impact.
How does Palomar Health Development Inc. manage its liabilities?
Liabilities have historically been significant, sometimes exceeding assets, such as in 202006 where liabilities were $2,814,455 against assets of $2,358,649. However, in the latest period (202306), assets ($2,871,867) exceeded liabilities ($2,445,659), indicating an improvement in its financial position.
What is the trend in Palomar Health Development Inc.'s financial health?
The organization shows consistent revenue generation and expense management. Assets have generally increased over the decade, from $1,796,179 in 2014 to $2,871,867 in 2023, while liabilities have become more manageable relative to assets in recent years, suggesting improving financial health.
Filing History
IRS 990 filing history for Palomar Health Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palomar Health Development Inc's revenue has grown by 13.4%, moving from $3.2M to $3.7M. Total assets increased by 130.3% over the same period, from $1.2M to $2.9M. Total functional expenses rose by 35.6%, from $2.6M to $3.5M. In its most recent filing year (2023), Palomar Health Development Inc reported a surplus of $177K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $2.9M in assets (debt-to-asset ratio: 85.2%), resulting in net assets of $426K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.5M | $2.9M | $2.4M | — | View 990 |
| 2022 | $3.6M | $3.4M | $2.8M | $2.5M | — | View 990 |
| 2021 | $3.8M | $3.3M | $2.5M | $2.4M | — | View 990 |
| 2020 | $3.5M | $3.3M | $2.4M | $2.8M | — | View 990 |
| 2019 | $3.6M | $3.4M | $2.3M | $2.9M | — | View 990 |
| 2018 | $3.6M | $3.5M | $2.1M | $2.9M | — | View 990 |
| 2017 | $3.5M | $3.4M | $2.1M | $3.0M | — | View 990 |
| 2016 | $3.9M | $3.4M | $1.9M | $3.0M | — | View 990 |
| 2015 | $4.5M | $4.4M | $2.1M | $3.8M | — | View 990 |
| 2014 | $4.4M | $4.1M | $1.8M | $3.6M | — | View 990 |
| 2013 | $3.9M | $3.9M | $1.3M | $3.4M | — | View 990 |
| 2012 | $3.3M | $3.2M | $1.6M | $3.6M | — | View 990 |
| 2011 | $3.2M | $2.6M | $1.2M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.5M, and assets of $2.9M (revenue +1.7% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.4M, and assets of $2.8M (revenue -4.5% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.3M, and assets of $2.5M (revenue +8.3% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.3M, and assets of $2.4M (revenue -2.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.4M, and assets of $2.3M (revenue -0.7% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.5M, and assets of $2.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.4M, and assets of $2.1M (revenue -9.0% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.4M, and assets of $1.9M (revenue -13.2% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.4M, and assets of $2.1M (revenue +2.0% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.1M, and assets of $1.8M (revenue +12.7% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.9M, and assets of $1.3M (revenue +17.3% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.2M, and assets of $1.6M (revenue +3.1% year-over-year).
- 2011: Revenue of $3.2M, expenses of $2.6M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palomar Health Development Inc:
Data Sources and Methodology
This transparency report for Palomar Health Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.