YOUNG SINGERS OF THE PALM BEACHES INC (EIN 300193514) - 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

2004

Legal Domicile

Principal Officer

MELANEE BLANKSTEIN

Phone

5616514429

Tax Period

2024-08-01 to 2025-07-31

YOUNG SINGERS OF THE PALM BEACHES INC, founded in 2004, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 4% surplus.

Mission

YOUNG SINGERS OF THE PALM BEACHES IS AN AWARD-WINNING COMMUNITY-BASED CHILDREN'S CHOIR WHICH TEACHES LIFE SKILLS THROUGH MUSIC. WE GIVE CHILDREN AN INCLUSIVE ATMOSPHERE OF ARTISTIC EXCELLENCE TO DEVELOP TEAMWORK AND LEADERSHIP SKILLS, FORM SUPPORTIVE FRIENDSHIPS, AND SERVE AS AMBASSADORS IN OUR COMMUNITY. WE VALUE THE UNIQUE QUALITIES OF DIVERSE BACKGROUNDS AND CULTURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $758,360

Program Service Revenue $379,276

Investment Income $3,363

Other Revenue $2,143

TOTAL REVENUE $1,143,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,541

Fundraising Expenses $47,222

Program Expenses $836,605

Other Expenses $558,326

TOTAL EXPENSES $1,099,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,143,142	$1,475,315	-0.2%
Expenses	$1,099,867	$1,496,367	-0.3%
Net Income	$43,275	$-21,052	-3.1%

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

100

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

$171,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAI LI FOUTS JETTE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JENE P WILLIAMS-RHOADS ESQ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PROF ERIKA LOCKE-WILLIAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
BOB PYLE	TREASURER	2.00	Officer Director	$0	$0	$0
BERT WINKLER	IMMED PAST P	2.00	Officer Director	$0	$0	$0
KRISTIN CALDER	DIRECTOR	2.00	Director	$0	$0	$0
KEN DWYER	DIRECTOR	2.00	Director	$0	$0	$0
RICK GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
GARRY LESSER ESQ	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA MCCOLLOUGH	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE NADEL	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY J STEWART LCSW	EX DIR UNTIL	40.00	Officer	$85,217	$600	$85,817
MELANEE BLANKSTEIN	EX DIR AFTER	40.00	Officer	$85,383	$600	$85,983

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
2025	$1,143,142	$1,099,867	$455,187	$43,275
2024	$1,475,315	$1,496,367	$402,611	$-21,052
2023	$1,067,208	$1,067,547	$502,574	$-339
2022	$946,698	$975,316	$380,752	$-28,618
2021	$685,865	$691,915	$465,593	$-6,050
2020	$865,751	$855,842	$423,247	$9,909
2019	$900,680	$902,800	$369,816	$-2,120
2018	$881,804	$884,020	$414,545	$-2,216

YOUNG SINGERS OF THE PALM BEACHES INC