WEST PALM BEACH PBA RETIREE HEALTH BENEFIT FUND

EIN: 300299005 Mutual Benefit

WEST PALM BEACH, FL

Total Revenue
$1,187,152
Total Expenses
$977,468
Total Assets
$18,354,909
Net Assets
$18,354,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $911,450 Revenue: $1,030,680

BENEFIT PAYMENTS ON BEHALF OF POLICE OFFICERS FOR HEALTH INSURANCE.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
8
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
1
$6,000
Total Directors
8
$6,000
Key Employees
0
$0
Highest Compensated
0
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
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