Opportunity Inc of Palm Beach County

EIN: 590624429 501(c)(3) Education

West Palm Beach, FL

Total Revenue
$3,033,769
Total Expenses
$3,393,947
Total Assets
$12,640,415
Net Assets
$12,573,382
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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
1982
Legal Domicile
FL
Principal Officer
PETER NICOLETTI
Phone
5617129221
Tax Period
2023-07-01 to 2024-06-30

Opportunity Inc of Palm Beach County, founded in 1982, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Empowering the children of working families to achieve academic and life success through educational programs that embrace the whole child and through family programming.

Program Service Accomplishments

Program 1
Expenses: $3,054,552 Revenue: $1,200,345

The cost to provide year-round, 5 day per week preschool education for 110 children, ages 6 weeks to 5 years. The goal is to prepare at-risk children to enter kindergarten meeting or exceeding state...

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The cost to provide year-round, 5 day per week preschool education for 110 children, ages 6 weeks to 5 years. The goal is to prepare at-risk children to enter kindergarten meeting or exceeding state standards for school readiness to set them on a path for future success.

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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 $1,529,860
Program Service Revenue $1,211,862
Investment Income $292,047
Other Revenue $0
TOTAL REVENUE $3,033,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,991,353
Fundraising Expenses $67,880
Program Expenses $3,054,552
Other Expenses $1,402,594
TOTAL EXPENSES $3,393,947

Year-over-Year Comparison

2023 2022 Change
Revenue $3,033,769 $3,387,718 -0.1%
Expenses $3,393,947 $3,196,541 +0.1%
Net Income $-360,178 $191,177 -2.9%
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
11
Independent Members
11
Employees
52
Volunteers
50

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
3
$0
Total Directors
8
$0
Key Employees
1
$132,344
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dora Pikounis Director 2.00
Officer
$0 $0 $0
Alice Eger Executive Director 45.00
Key Emp
$132,344 $0 $132,344
Adriana Schiappoli Burger Director 2.00
Director
$0 $0 $0
Jennifer Lazzara Director 2.00
Director
$0 $0 $0
Sam Dashiell Director 2.00
Director
$0 $0 $0
Robin Remick Secretary 2.00
Officer
$0 $0 $0
Bill Carroll Director 2.00
Director
$0 $0 $0
Fabiana DesRosiers Director 2.00
Director
$0 $0 $0
Gordon Anthony Director 2.00
Director
$0 $0 $0
Peter Nicoletti President 2.00
Officer Director
$0 $0 $0
Jennifer Lazzara Director 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
2025 No data No data No data No data
2024 $3,033,769 $3,393,947 $12,640,415 $-360,178
2023 $3,387,718 $3,196,541 $12,951,850 $191,177
2021 $3,078,164 $2,432,310 $14,004,781 $645,854
2020 $2,310,331 $2,480,294 $13,614,379 $-169,963
2019 $3,747,612 $2,075,126 $13,652,869 $1,672,486
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