PALM BEACH TECH FOUNDATION INC (EIN 300891778) - 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

2015

Legal Domicile

Principal Officer

JOSEPH R RUSSO

Phone

5615127306

Tax Period

2020-01-01 to 2020-12-31

PALM BEACH TECH FOUNDATION INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2020. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $399K exceeded revenue, resulting in a 12% operating deficit.

Mission

PALM BEACH TECH FOUNDATION INC.will galvanize and grow the technology industry of Palm Beach County, FL to become a landmark technology & innovation hub.

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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 (2020)

Revenue Breakdown

Contributions & Grants $340,539

Program Service Revenue $0

Investment Income $34

Other Revenue $17,347

TOTAL REVENUE $357,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,268

Fundraising Expenses $0

Program Expenses $397,475

Other Expenses $274,893

TOTAL EXPENSES $399,161

Year-over-Year Comparison

	2020	2019	Change
Revenue	$357,920	$514,007	-0.3%
Expenses	$399,161	$452,727	-0.1%
Net Income	$-41,241	$61,280	-1.7%

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

Total Directors

Key Employees

$110,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VEDDER	OFFICER	4.00	Officer	$0	$0	$0
Sean Scott	DIRECTOR	1.00	Director	$0	$0	$0
Nick Mohnacky	OFFICER	4.00	Officer	$0	$0	$0
Patrick Stinus	OFFICER	4.00	Officer	$0	$0	$0
Brandon Carson	DIRECTOR	1.00	Director	$0	$0	$0
Kyle Groth	DIRECTOR	1.00	Director	$0	$0	$0
Jeff Perlman	DIRECTOR	1.00	Director	$0	$0	$0
Chris Brisson	DIRECTOR	1.00	Director	$0	$0	$0
January Reissman	DIRECTOR	1.00	Director	$0	$0	$0
Danni Mitchell Zelaya	DIRECTOR	1.00	Director	$0	$0	$0
Aaron Nosbisch	DIRECTOR	1.00	Director	$0	$0	$0
Jesse Feldman	DIRECTOR	1.00	Director	$0	$0	$0
Phillip Jackson	DIRECTOR	1.00	Director	$0	$0	$0
Sherryl Murriente	DIRECTOR	1.00	Director	$0	$0	$0
Bill Sheperd	DIRECTOR	1.00	Director	$0	$0	$0
Joe Russo	EMPLOYEE	10.00	Key Emp	$0	$0	$0
Shana Ostrovitz	EMPLOYEE	40.00	Key Emp	$65,000	$0	$65,000
Yahira Rodriguez	EMPLOYEE	40.00	Key Emp	$45,000	$0	$45,000

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
2020	$357,920	$399,161	$755	$-41,241
2019	$514,007	$452,727	$52,332	$61,280

PALM BEACH TECH FOUNDATION INC