Tom & Shirley Palmer Family Foundation
Tom & Shirley Palmer Family Foundation shows consistent asset growth and zero officer compensation over a decade.
EIN: 204079745 · Johnson City, TN · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $61K |
| Program Spending | 90% |
| Net Assets | $297K |
| Transparency Score | 90/100 |
Is Tom & Shirley Palmer Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tom & Shirley Palmer Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tom & Shirley Palmer Family Foundation
Tom & Shirley Palmer Family Foundation (EIN: 204079745) is a nonprofit organization based in Johnson City, TN, classified under NTEE code T12. The organization reported total revenue of $81K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tom & Shirley Palmer Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tom & Shirley Palmer Family Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $61K |
| Surplus / Deficit | +$19K |
| Total Assets | $297K |
| Total Liabilities | $1 |
| Net Assets | $297K |
| Operating Margin | 23.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 58.2 months |
Financial Health Grade: A
In 2023, Tom & Shirley Palmer Family Foundation reported a surplus of $19K with revenue exceeding expenses, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Tom & Shirley Palmer Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | -10.8% | +6.7% |
| 2022 | +39.0% | +89.3% | +3.5% |
| 2021 | +149.6% | +46.6% | +8.0% |
| 2020 | -0.9% | -9.9% | -0.9% |
| 2019 | +12.1% | -9.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Tom & Shirley Palmer Family Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Tom & Shirley Palmer Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for Tom & Shirley Palmer Family Foundation:
- Consistent asset growth from $266,677 in 2011 to $339,167 currently.
- Zero officer compensation reported across all available filings, indicating high operational efficiency.
- Minimal liabilities consistently reported (often $1), demonstrating strong financial health.
- Significant revenue growth in recent years, from $22,522 in 2020 to $81,479 currently.
- Consistent IRS 990 filing history over a decade, indicating good transparency.
Frequently Asked Questions about Tom & Shirley Palmer Family Foundation
Is Tom & Shirley Palmer Family Foundation a legitimate charity?
Tom & Shirley Palmer Family Foundation (EIN: 204079745) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $81K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Tom & Shirley Palmer Family Foundation spend its money?
Tom & Shirley Palmer Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tom & Shirley Palmer Family Foundation tax-deductible?
Tom & Shirley Palmer Family Foundation is registered as a tax-exempt nonprofit (EIN: 204079745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tom & Shirley Palmer Family Foundation's spending goes to programs?
Tom & Shirley Palmer Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tom & Shirley Palmer Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tom & Shirley Palmer Family Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tom & Shirley Palmer Family Foundation located?
Tom & Shirley Palmer Family Foundation is headquartered in Johnson City, Tennessee and files with the IRS under EIN 204079745. It is classified under NTEE code T12.
How many years of IRS 990 filings does Tom & Shirley Palmer Family Foundation have?
Tom & Shirley Palmer Family Foundation has 10 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 $81K in total revenue.
Is the Tom & Shirley Palmer Family Foundation a good charity?
Based on the available data, the foundation appears to be a well-managed entity. It has consistently grown its assets, maintained minimal liabilities, and reported 0% officer compensation for over a decade, suggesting high efficiency and dedication to its mission.
How has the foundation's revenue changed over time?
The foundation's revenue has seen significant growth, particularly in recent years. It increased from $18,971 in 2011 to $22,522 in 2020, and then surged to $79,963 in 2023, with current latest revenue at $81,479.
What is the financial stability of the foundation?
The foundation demonstrates strong financial stability, with assets growing from $266,677 in 2011 to $339,167 currently, and consistently reporting minimal liabilities (often $1).
Filing History
IRS 990 filing history for Tom & Shirley Palmer Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tom & Shirley Palmer Family Foundation's revenue has grown by 321.5%, moving from $19K to $80K. Total assets increased by 11.5% over the same period, from $267K to $297K. Total functional expenses rose by 350.2%, from $14K to $61K. In its most recent filing year (2023), Tom & Shirley Palmer Family Foundation reported a surplus of $19K, with revenue exceeding expenses. The organization holds $1 in liabilities against $297K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $61K | $297K | $1 | — | — |
| 2022 | $78K | $69K | $279K | $1 | — | View 990 |
| 2021 | $56K | $36K | $269K | $1 | — | — |
| 2020 | $23K | $25K | $249K | $1 | — | View 990 |
| 2019 | $23K | $28K | $252K | $1 | — | — |
| 2015 | $20K | $30K | $257K | $0 | — | View 990 |
| 2014 | $18K | $14K | $267K | $0 | — | View 990 |
| 2013 | $19K | $17K | $262K | $0 | — | View 990 |
| 2012 | $18K | $25K | $260K | $0 | — | View 990 |
| 2011 | $19K | $14K | $267K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $61K, and assets of $297K (revenue +2.4% year-over-year).
- 2022: Revenue of $78K, expenses of $69K, and assets of $279K (revenue +39.0% year-over-year).
- 2021: Revenue of $56K, expenses of $36K, and assets of $269K (revenue +149.6% year-over-year).
- 2020: Revenue of $23K, expenses of $25K, and assets of $249K (revenue -0.9% year-over-year).
- 2019: Revenue of $23K, expenses of $28K, and assets of $252K (revenue +12.1% year-over-year).
- 2015: Revenue of $20K, expenses of $30K, and assets of $257K (revenue +10.6% year-over-year).
- 2014: Revenue of $18K, expenses of $14K, and assets of $267K (revenue -5.8% year-over-year).
- 2013: Revenue of $19K, expenses of $17K, and assets of $262K (revenue +5.1% year-over-year).
- 2012: Revenue of $18K, expenses of $25K, and assets of $260K (revenue -2.5% year-over-year).
- 2011: Revenue of $19K, expenses of $14K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tom & Shirley Palmer Family Foundation:
Data Sources and Methodology
This transparency report for Tom & Shirley Palmer Family Foundation 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.