Chamber of Commerce of the Palm Beaches Inc (EIN 590504407) - 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

1913

Legal Domicile

Principal Officer

Dennis Grady

Phone

5618333711

Tax Period

2023-01-01 to 2023-12-31

Chamber of Commerce of the Palm Beaches Inc, founded in 1913, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Chamber of Commerce of the Palm Beaches represents businesses that (continues on Schedule O) have come together to advance the economic, industrial and civic interests of the Palm Beaches. The Chamber strives to support projects that lead to a stronger economy and an improved quality of life. Annual membership investments finance programs that are designed to meet the goals established by the board of directors and the executive committee, who set policy on behalf of the membership.

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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 $1,208,707

Investment Income $31,270

Other Revenue $0

TOTAL REVENUE $1,239,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $511,188

Fundraising Expenses $0

Other Expenses $794,951

TOTAL EXPENSES $1,306,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,239,977	$1,135,900	+0.1%
Expenses	$1,306,139	$1,222,498	+0.1%
Net Income	$-66,162	$-86,598	-0.2%

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

$115,685

Total Directors

$115,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexandria Ayala	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Allen Gast	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Amit Rastogi	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Barbara James	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Benjamin Sadler	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Bill Bone	Past Chair	2.00	Officer Director	$0	$0	$0
Donald Burgess	President/CEO	40.00	Officer Director	$91,096	$24,589	$115,685
Chris Inman	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Cynthia McCaulay	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
David Gobeo	Member-Bd. of Dir.	2.00	Officer Director	$0	$0	$0
Deborah Johnson	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Dr Debra Schwinn	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Holly Griffin Goodman	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
James Johnson	Treasurer	2.00	Officer Director	$0	$0	$0
Jamie Gavigan	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
John Bowers	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Julia Murphy	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Kate Arrizza	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Katie Block	Member-Bd. of Dir.	2.00	Officer Director	$0	$0	$0
Ken Kennerly	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Kimberly Lea	Chair-Elect	2.00	Officer Director	$0	$0	$0
Kristin Ahr	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Lloyd Hannon	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Matt Chait	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Matthew Hedrick	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Michael Davis	Secretary	2.00	Officer Director	$0	$0	$0
Patrick Painter	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Peter Cruise	Member-Bd. of Dir.	2.00	Officer Director	$0	$0	$0
Robert Castrovinci	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Robert Diffenderfer	Chair	2.00	Officer Director	$0	$0	$0
Sheri Montgomery	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Victoria Chouris	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
W Dale Kahle	Member-Bd. of Dir.	2.00	Director	$0	$0	$0
Ali Soule	Member-Bd. of Dir.	2.00	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
2024	No data	No data	No data	No data
2023	$1,239,977	$1,306,139	$1,104,964	$-66,162
2022	$1,135,900	$1,222,498	$1,121,938	$-86,598
2021	$992,825	$1,016,217	$1,170,257	$-23,392
2020	$991,956	$1,004,805	$1,022,894	$-12,849
2019	$1,304,091	$1,365,506	$1,219,501	$-61,415
2018	$1,297,495	$1,321,911	$1,160,887	$-24,416

Chamber of Commerce of the Palm Beaches Inc