PALM BEACH GARDENS YOUTH ATHLETIC ASSOCIATIONINC (EIN 237299387) - 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

1967

Legal Domicile

Principal Officer

JEFFREY KLATZKO

Tax Period

2023-01-01 to 2023-12-31

PALM BEACH GARDENS YOUTH ATHLETIC ASSOCIATIONINC, founded in 1967, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 5% surplus.

Mission

YOUTH ATHLETIC LEAGUE THAT SUPPORTS, SPONSORS AND PROMOTES SPORTS, RECREATION & SAFETY PROGRAMS FOR SCHOOL-AGED CHILDREN (K-12TH) FOR RESIDENTS OF PALM BEACH GARDENS AND THE SURROUNDING AREAS.

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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 $702,153

Program Service Revenue $3,958,297

Investment Income $4,451

Other Revenue $20,827

TOTAL REVENUE $4,685,728

Expense Breakdown

Grants Paid $77,843

Salaries & Benefits $316,155

Fundraising Expenses $77,004

Program Expenses $3,684,464

Other Expenses $4,053,794

TOTAL EXPENSES $4,447,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,685,728	$4,333,618	+0.1%
Expenses	$4,447,792	$4,390,913	+0.0%
Net Income	$237,936	$-57,295	-5.2%

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

1625

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA MARCHESANI	CONTROLLER	43.00	Highest	$109,182	$0	$109,182
MIKE JENKINS	AT LARGE	3.00	Director	$0	$0	$0
BILL LARUE	PRESIDENT - SOFTBALL	10.00	Director	$0	$0	$0
BRODI BORCHARDT	AT LARGE	2.00	Director	$0	$0	$0
MANOLO CALVO	PRESIDENT - SOCCER	15.00	Director	$0	$0	$0
CASEY HAGGERTY	PRESIDENT - BASEBALL	10.00	Director	$0	$0	$0
BENJAMIN SCHWAB	PRESIDENT - BASKETBALL	15.00	Director	$0	$0	$0
NICK HAFFEY	PRESIDENT - FLAG FOOTBALL	15.00	Director	$0	$0	$0
BRENNAN COFFEY	PRESIDENT - TACKLE	15.00	Director	$0	$0	$0
HAL VENOFF	AT LARGE	3.00	Director	$0	$0	$0
KRISTIN COLEMAN	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
JEFFREY KLATZKO	TREASURER	10.00	Officer Director	$0	$0	$0
SETH ABRAMS	PRESIDENT	12.00	Officer Director	$0	$0	$0
NILE KHANFAR	SECRETARY	3.00	Officer 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
2024	No data	No data	No data	No data
2023	$4,685,728	$4,447,792	$1,891,866	$237,936
2022	$4,333,618	$4,390,913	$1,633,982	$-57,295
2021	$4,518,446	$3,927,059	$1,606,787	$591,387
2020	$2,395,146	$2,378,889	$910,731	$16,257
2019	$3,160,985	$3,162,508	$944,067	$-1,523
2018	$3,205,838	$3,060,052	$981,410	$145,786

PALM BEACH GARDENS YOUTH ATHLETIC ASSOCIATIONINC