PALM BEACH VEGFEST INC

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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

Principal Officer

MICHAEL MITCHELL

Phone

5613056247

Tax Period

2022-01-01 to 2022-12-31

PALM BEACH VEGFEST INC is a micro nonprofit that reported $62K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO BRING YOU DELICIOUS AND SUSTAINABLE PALNT-BASED FOOD AND EDUCATE OUR COMMUNITY ABOUT THE BENEFITS OF HEALTHY EATING. THIS VEGAN FESTIVAL SUPPORTS OUR FAVORITE CREULTY-FREE BUSINESSES, AND BRINGS US ALL TOGETHER FOR A DAY OF EATING, SHOPPING, AND LEARNING

Program Service Accomplishments

Program 1

Expenses: $25,934

ABOUT 5,000 PEOPLE ON MARCH 19TH, 2022 AT MIZNER PARK IN BOCA RATON. WE EDUCATED ATTENDEES ON HOW A VEGAN LIFESTYLE IMPACTS ENVIROMENT, HEALTH, AND ANIMALS. CHILDREN'S BOOK ON THESE TOPICS WERE...

ABOUT 5,000 PEOPLE ON MARCH 19TH, 2022 AT MIZNER PARK IN BOCA RATON. WE EDUCATED ATTENDEES ON HOW A VEGAN LIFESTYLE IMPACTS ENVIROMENT, HEALTH, AND ANIMALS. CHILDREN'S BOOK ON THESE TOPICS WERE PRESENTED TO EDUCATE OUR YOUTH ON THE BENEFITS OF FRUITS AND VEGETABLES. ANIMAL SHELTERS BROUGHT ADOPTABLE DOGS TO THE EVENT TO FIND HOMES AND RAISE AWARENESS. AND WE ADDED YOGA CLASSES

Program 2

ABOUT 3,000 PEOPLE WEST PALM BEACH ON NOVEMBER 13TH, 2022. WE EDUCATED ATTENDEES ON HOW A VEGAN LIFESTYLE IMPACTS ENVIROMENT, HEALTH, AND ANIMALS. CHILDREN'S BOOK ON THESE TOPICS WERE PRESENTED TO...

ABOUT 3,000 PEOPLE WEST PALM BEACH ON NOVEMBER 13TH, 2022. WE EDUCATED ATTENDEES ON HOW A VEGAN LIFESTYLE IMPACTS ENVIROMENT, HEALTH, AND ANIMALS. CHILDREN'S BOOK ON THESE TOPICS WERE PRESENTED TO EDUCATE OUR YOUTH ON THE BENEFITS OF FRUITS AND VEGETABLES. ANIMAL SHELTERS BROUGHT ADOPTABLE DOGS TO THE EVENT TO FIND HOMES AND RAISE AWARENESS. AND WE ADDED YOGA CLASSES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $62,121

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,037

Other Expenses $61,037

TOTAL EXPENSES $61,037

Year-over-Year Comparison

	2022	2021	Change
Revenue	$62,121	$52,084	+0.2%
Expenses	$61,037	$44,407	+0.4%
Net Income	$1,084	$7,677	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY MITCHELL	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL MITCHELL	TREASURER	N/A	Officer	$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
2022	$62,121	$61,037	No data	$1,084
2021	$52,084	$44,407	$24,537	$7,677
2020	$23,811	$44,044	$14,818	$-20,233
2019	$85,621	$65,219	$26,649	$20,402