Western Palm Beach County Frm Bureau (EIN 590865201) - 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

1950

Legal Domicile

Principal Officer

Keith Wedgworth

Phone

5919960343

Tax Period

2024-07-01 to 2025-06-30

Western Palm Beach County Frm Bureau, founded in 1950, is a small nonprofit that reported $263K in total revenue in fiscal year 2024. Expenses of $229K left a modest 13% surplus.

Mission

To promote, protect and represent the educational, social and business interests of the farmers of the county and to enhance the future of agriculture.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $70,346

Investment Income $1,365

Other Revenue $191,450

TOTAL REVENUE $263,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,310

Fundraising Expenses $0

Other Expenses $126,437

TOTAL EXPENSES $228,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,161	$258,388	+0.0%
Expenses	$228,747	$231,253	0.0%
Net Income	$34,414	$27,135	+0.3%

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

325

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

$22,803

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Allen	Director	1	Director	$0	$0	$0
John McKinstry	2nd VP	2	Officer	$0	$0	$0
Raymond R Roth Jr	Director	1	Director	$0	$0	$0
Brannan Thomas	Director	1	Director	$0	$0	$0
Keith Wedgworth	President	8	Officer	$0	$0	$0
Perry Yance	Director	1	Director	$0	$0	$0
Ann Holt	1st VP	2	Officer	$0	$0	$0
Stewart Stein	Secretary	1	Officer	$0	$0	$0
Mark T Sodders	Director	1	Director	$0	$0	$0
Derek Orsenigo	Director	1	Director	$0	$0	$0
Ethan Basore	Director	1	Director	$0	$0	$0
Alleigh Reitz	Director	1	Director	$0	$0	$0
Caroline Villanueva	Director	1	Director	$0	$0	$0
Wesley Ledesma	Treasurer	2	Officer	$0	$0	$0
Samira Daroub	Director	1	Director	$0	$0	$0
Eva Webb	Director	26	Director	$22,803	$0	$22,803

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	$263,161	$228,747	$496,947	$34,414
2024	$258,388	$231,253	$472,401	$27,135
2023	$234,340	$216,797	$454,802	$17,543
2022	$235,029	$205,769	$444,004	$29,260
2021	$221,573	$193,545	$414,759	$28,028
2020	$176,177	$209,862	$391,771	$-33,685

Western Palm Beach County Frm Bureau