PALM BEACH DAY ACADEMY INC (EIN 590873834) - 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

1975

Legal Domicile

Principal Officer

MICHAEL J MURPHY

Phone

5616551188

Tax Period

2024-07-01 to 2025-06-30

PALM BEACH DAY ACADEMY INC, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $28.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.0M, a strong 18% operating margin.

Mission

PRIMARY EDUCATION FOR STUDENTS PRE-K THROUGH THE EIGHTH GRADE.

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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 $4,821,261

Program Service Revenue $22,202,531

Investment Income $1,201,569

Other Revenue $116,112

TOTAL REVENUE $28,341,473

Expense Breakdown

Grants Paid $2,562,535

Salaries & Benefits $13,387,820

Fundraising Expenses $693,978

Program Expenses $16,508,443

Other Expenses $7,425,568

TOTAL EXPENSES $23,375,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,341,473	$25,750,239	+0.1%
Expenses	$23,375,923	$21,600,542	+0.1%
Net Income	$4,965,550	$4,149,697	+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

171

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

$239,304

Total Directors

Key Employees

$575,703

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER VECELLIO	PRESIDENT	5.00	Officer Director	$0	$0	$0
VIRGINIA GALLIGAN	CO-VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTINA MACFARLAND	CO-VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BENJAMIN GRISWOLD	TREASURER	5.00	Officer Director	$0	$0	$0
JULIANA GENDELMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
NICOLE ATKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET BETTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURA ZISKA CHRISTU	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN KENNY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA KOSOY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLYSON MASHEK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLEY OVERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PFEIFLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE RAFFERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD SAVAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK WALDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER WEBB	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL MATTHEWS	LIFE TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J MURPHY	CHIEF FINANCE & OPERATING	50.00	Officer	$214,951	$24,353	$239,304
FANNING HEARON	HEAD OF SCHOOL	50.00	Key Emp	$513,204	$62,499	$575,703
SHANA DUTKEWYCH	HEAD OF UPPER SCHOOL	50.00	Highest	$122,964	$18,562	$141,526
MARTHA BJORKLUND	HEAD OF LOWER SCHOOL	50.00	Highest	$120,489	$23,590	$144,079

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	$28,341,473	$23,375,923	$87,069,654	$4,965,550
2024	$25,750,239	$21,600,542	$79,054,976	$4,149,697
2023	$32,020,845	$19,695,806	$72,574,153	$12,325,039
2022	$42,364,532	$18,462,501	$59,588,306	$23,902,031
2021	$18,116,482	$15,547,366	$39,954,020	$2,569,116
2020	$14,473,952	$14,580,944	$36,692,318	$-106,992
2019	$14,193,876	$15,470,457	$36,484,397	$-1,276,581
2018	$15,344,346	$15,454,337	$38,029,785	$-109,991

PALM BEACH DAY ACADEMY INC