PALMER COLLEGE FOUNDATION Charity Report

Public IRS 990 nonprofit record

PALMER COLLEGE FOUNDATION

EIN 42-6081293 · Education (B500)

What they do

PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES and ADVANCE KNOWLEDGE THROUGH RESEARCH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

53.10%of revenue went to mission work73.7% of expenses · Program services

0.37%of revenue went to fundraising0.5% of expenses

$72.04spent for every $100 of revenueRevenue covered expenses this year.

18.57%of revenue went to management and office costs25.8% of expenses

$4.45in assets for every $1 spent this yearSome assets cannot be spent right away.

3.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,336,440 for DENNIS MARCHIORI DC PHD (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$107,212,971

Mission workProgram services$56,931,67353.10% of revenue73.7% of expenses

ManagementOffice and general costs$19,907,64618.57% of revenue25.8% of expenses

FundraisingAsking for donations$392,2630.37% of revenue0.5% of expenses

Total expenses$77,231,58272.04% of revenue

The uncolored part of the ring is revenue above these reported expenses.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202473.7% mission

202372.7% mission

202274.7% mission

202176.7% mission

202077.4% mission

201968.9% mission

201869.8% mission

201770.9% mission

Money in and money out

Revenue$107,212,971

Expenses$77,231,582

Annual surplus $29,981,389 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,931,673 · 73.7% of expenses

Management and office costs$19,907,646 · 25.8% of expenses

Fundraising$392,263 · 0.5% of expenses

See all reported dollar amounts

Revenue$107,212,971

Expenses$77,231,582

Assets$343,544,806

Income$245,048,969

Contributions$3,189,552

Mission work (program services)$56,931,673

Fundraising$392,263

Grants given$264,500

Average grant$16,531

Management and general$19,907,646

Stocks and bonds$73,418,555

Accounting fees$102,064

Investing fees$182,565

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DENNIS MARCHIORI DC PHDPRESIDENT/CEO · 30 hrs/week $1,336,440Base $1,207,266 · Other $129,174

DAN WEINERT DCPROVOST/EXECUTIVE VICE PRESIDENT · 40 hrs/week $428,502Base $299,667 · Other $128,835

JENNIFER RANDAZZOVICE CHANCELLOR FINANCE/TREASURER · 30 hrs/week $348,565Base $240,409 · Other $108,156

ROBERT PERCUOCO DCVICE CHANCELLOR · 40 hrs/week $266,607Base $214,841 · Other $51,766

CYNTHIA LONG DCDEAN OF RESEARCH · 40 hrs/week $265,246Base $218,026 · Other $47,220

MICHAEL NORRIS PHDVICE CHANCELLOR OF ADMISSIONS · 40 hrs/week $264,607Base $214,360 · Other $50,247

BARBARA MELBOURNE JDVICE CHANCELLOR · 40 hrs/week $259,875Base $209,118 · Other $50,757

IAN MCLEANDIRECTOR OF CLINIC RADIOLOGY · 40 hrs/week $244,192Base $230,807 · Other $13,385

WILLIAM SHERRIER DC MACAMPUS PRESIDENT · 40 hrs/week $242,556Base $194,230 · Other $48,326

KEVIN CUNNINGHAM DCFACULTY (FORMER VICE CHANCELOR) · 40 hrs/week $183,569Base $132,679 · Other $50,890

MICHAEL CHANCE DCTRUSTEE · 1 hrs/week $2,784

KENT PILCHERTRUSTEE · 1 hrs/week $2,464

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

DENNIS MARCHIORI DC PHDPRESIDENT/CEO

DAN WEINERT DCPROVOST/EXECUTIVE VICE PRESIDENT

JENNIFER RANDAZZOVICE CHANCELLOR FINANCE/TREASURER

ROBERT PERCUOCO DCVICE CHANCELLOR

CYNTHIA LONG DCDEAN OF RESEARCH

MICHAEL NORRIS PHDVICE CHANCELLOR OF ADMISSIONS

BARBARA MELBOURNE JDVICE CHANCELLOR

IAN MCLEANDIRECTOR OF CLINIC RADIOLOGY

WILLIAM SHERRIER DC MACAMPUS PRESIDENT

KEVIN CUNNINGHAM DCFACULTY (FORMER VICE CHANCELOR)

MICHAEL CHANCE DCTRUSTEE

KENT PILCHERTRUSTEE

DON BETZ PHDTRUSTEE

KENNETH R KOUPALTRUSTEE/INTERIM ASST SEC GENERAL

SUSAN HATFIELD PHDTRUSTEE

DONNA CRAFT DCTRUSTEE

DONALD DOUCETTE PHDTRUSTEE

NATHAN HINKELDEY DC DACRBTRUSTEE

PAUL VANDUYNE PE DCTRUSTEE/VICE CHAIRPERSON

TREVOR V IRELAND DCTRUSTEE/CHAIRPERSON

VICKIE A PALMER HCDTRUSTEE/SECRETARY GENERAL

CHARLES KELLER DC MATRUSTEE

About this charity

Recognized since: January 1965
Location: 1000 BRADY STREET, DAVENPORT, IA 52803
County: Scott
In care of: JENNIFER RANDAZZO
Primary officer: JENNIFER RANDAZZO, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailadmissions.ia@palmer.edu Phone(563) 884-5000 Officer phone(563) 884-5141

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Education (B500)
Grant-giving organization: Yes