Palm Beach Chamber of Commerce

EIN: 590389290

Palm Beach, FL

Total Revenue
$929,253
Total Expenses
$883,207
Total Assets
$817,895
Net Assets
$13,628
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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

Legal Domicile
FL
Principal Officer
Doug Evans
Phone
5616553282
Tax Period
2024-01-01 to 2024-12-31

Palm Beach Chamber of Commerce is a small nonprofit that reported $929K in total revenue in fiscal year 2024. Revenue surged 304% from the prior year, signaling strong growth momentum. Expenses of $883K left a modest 5% surplus.

Mission

Promotion of Palm Beach, Florida Business and Tourism

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $904,907
Investment Income $24,346
Other Revenue $0
TOTAL REVENUE $929,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,897
Fundraising Expenses $0
Program Expenses $455,974
Other Expenses $455,310
TOTAL EXPENSES $883,207

Year-over-Year Comparison

2024 2023 Change
Revenue $929,253 $230,218 +3.0%
Expenses $883,207 $222,424 +3.0%
Net Income $46,046 $7,794 +4.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
13

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
$177,750
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG EVANS CEO 40.00
Officer
$177,750 $0 $177,750
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
2024 $929,253 $883,207 $817,895 $46,046
2023 $307,192 $765,305 $366,030 $-458,113
2023 $230,218 $222,424 $643,553 $7,794
2022 $651,233 $495,196 $422,537 $156,037
2021 $405,876 $394,438 $369,124 $11,438
2020 $329,317 $398,064 $254,237 $-68,747
2018 $363,983 $378,820 $229,351 $-14,837
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