COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC (EIN 205090958) - 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

2006

Legal Domicile

Principal Officer

CINDEE LACOURSE-BLUM

Phone

5613188430

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 21% operating margin.

Mission

TO INCREASE THE PERMANENT SUPPLY OF HOUSING AFFORDABLE FOR VERY-LOW, LOW AND MODERATE INCOME RESIDENTS IN PALM BEACH COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $730,660

Program Service Revenue $314,619

Investment Income $115,958

Other Revenue $0

TOTAL REVENUE $1,161,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,980

Fundraising Expenses $0

Program Expenses $830,176

Other Expenses $674,773

TOTAL EXPENSES $921,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,161,237	$470,845	+1.5%
Expenses	$921,753	$871,895	+0.1%
Net Income	$239,484	$-401,050	-1.6%

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

$118,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY P WHEAT	PRESIDENT	0.50	Officer Director	$0	$0	$0
TAMMY MCDONALD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREW ZEEMAN	TREASURER	0.50	Officer Director	$0	$0	$0
SILVIA RICKETTS	SECRETARY	0.50	Officer Director	$0	$0	$0
SHIRLEY ERAZO	DIRECTOR	0.50	Director	$0	$0	$0
TANGENICA HENRY	DIRECTOR	0.50	Director	$0	$0	$0
DERRICK PENN	DIRECTOR	0.50	Director	$0	$0	$0
RANDY S WERTEPNY	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA LACOURSE-BLUM	EXECUTIVE DIRECTOR	40.00	Officer	$115,254	$3,420	$118,674

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
2024	$1,161,237	$921,753	$9,358,473	$239,484
2023	$470,845	$871,895	$8,684,877	$-401,050
2022	$941,353	$1,042,573	$7,684,960	$-101,220
2021	$-51,546	$846,722	$7,237,875	$-898,268
2020	$471,117	$747,567	$8,343,800	$-276,450
2019	$564,708	$707,217	$8,531,418	$-142,509
2018	$618,076	$850,267	$12,026,731	$-232,191

COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC