WEST PALM BEACH PBA RETIREE HEALTH BENEFIT FUND (EIN 300299005) - 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

2005

Legal Domicile

Principal Officer

LOUIS PENQUE

Phone

5616893745

Tax Period

2023-01-01 to 2023-12-31

WEST PALM BEACH PBA RETIREE HEALTH BENEFIT FUND, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $210K, a strong 18% operating margin.

Mission

TO PROVIDE FULL OR PARTIAL REIMBURSEMENT FOR HEALTH INSURANCE PREMIUMS OR OTHER QUALIFIED BENEFITS PERMITTED UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE.

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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 $0

Program Service Revenue $1,030,680

Investment Income $156,472

Other Revenue $0

TOTAL REVENUE $1,187,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $911,450

Other Expenses $66,018

TOTAL EXPENSES $977,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,187,152	$1,112,827	+0.1%
Expenses	$977,468	$1,022,647	0.0%
Net Income	$209,684	$90,180	+1.3%

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

N/A

Employees

N/A

Volunteers

N/A

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

$6,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS HARDIMAN	TRUSTEE	0.50	Director	$0	$0	$0
LOUIS PENQUE	VEBA ADMINISTRATOR	10.00	Officer Director	$6,000	$0	$6,000
FAY JOHNSON	TRUSTEE	0.50	Director	$0	$0	$0
BRIDGET SOUFFRANT	TRUSTEE	0.50	Director	$0	$0	$0
JAIRO RUIZ	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL FERRERA	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES BRANCH	TRUSTEE	0.50	Director	$0	$0	$0
CHRIS NEBBELING	TRUSTEE	0.50	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
2023	$1,187,152	$977,468	$18,354,909	$209,684
2022	$1,112,827	$1,022,647	$15,500,689	$90,180
2021	$6,524,034	$927,178	$18,401,881	$5,596,856
2020	$2,286,049	$830,527	$16,069,651	$1,455,522
2019	$1,470,633	$858,528	$13,864,149	$612,105
2018	$1,307,967	$764,156	$11,211,696	$543,811

WEST PALM BEACH PBA RETIREE HEALTH BENEFIT FUND