ST VINCENT DE PAUL SALVAGE STORE OF WEST PALM BEACH INC (EIN 591058446) - 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

1961

Legal Domicile

Principal Officer

KATE DEVINE

Phone

5616976858

Tax Period

2023-01-01 to 2023-09-30

ST VINCENT DE PAUL SALVAGE STORE OF WEST PALM BEACH INC, founded in 1961, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 275% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO AID THOSE WHO ARE LESS FORTUNATE. WE ARE DEDICATED TO CREATING TOOLS AND SERVICES TO HELP THE LESS FORTUNATE GET BACK ON THEIR FEET AND START MORE PRODUCTIVE JOYFUL LIVES. MEMBERS OF THE SOCIETY OF ST. VINCENT DE PAUL (OR "VINCENTIANS") ARE MEN AND WOMEN WHO STRIVE TO GROW SPIRITUALLY BY OFFERING PERSON-TO-PERSON SERVICE TO INDIVIDUALS IN NEED. WE ARE YOUNG AND OLD. OUR MEMBERS COME IN EVERY SHADE OF SKIN COLOR. SOME OF US ARE WEALTHY, SOME A FINANCIALLY POOR, BUT ALL OF US ARE BLESSED WITH OUR BROTHERS AND SISTERS IN NEED. WE ARE PART OF AN INTERNATIONAL SOCIETY OF FRIENDS UNITED BY A SPIRIT OF POVERTY, HUMILITY, AND SHARING, WHICH IS NOURISHED BY MUTUALLY SUPPORTIVE GATHERINGS, AND ADHERENCE TO A BASIC RULE. THE SOCIETY OF ST. VINCENT DE PAUL OFFERS TANGIBLE ASSISTANCE TO THOSE IN NEED ON A PERSON-TO-PERSON BASIS. IT IS THIS PERSONALIZED INVOLVEMENT THAT MAKES THE WORK OF THE SOCIETY UNIQUE. THIS AID MAY TAKE THE FORM OF INTERVENTION, CONSULTATION, OR OFTEN THROUGH

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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 $658,762

Program Service Revenue $842,487

Investment Income $4,714

Other Revenue $0

TOTAL REVENUE $1,505,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,430

Fundraising Expenses $225

Program Expenses $1,602,670

Other Expenses $1,523,789

TOTAL EXPENSES $1,620,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,505,963	$401,260	+2.8%
Expenses	$1,620,219	$326,165	+4.0%
Net Income	$-114,256	$75,095	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA COENEN	SECRETARY	N/A	Officer	$0	$0	$0
KATE DEVINE	PRESIDENT	N/A	Officer	$0	$0	$0
KATHY WEST	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID WEZDENKO	TREASURER	N/A	Officer	$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
2023	$1,505,963	$1,620,219	$549,410	$-114,256
2022	$401,260	$326,165	$543,810	$75,095
2021	$413,230	$345,241	$469,548	$67,989
2020	$396,134	$488,891	$400,961	$-92,757
2019	$1,075,242	$984,736	$497,980	$90,506
2018	$983,226	$1,091,400	$525,231	$-108,174

ST VINCENT DE PAUL SALVAGE STORE OF WEST PALM BEACH INC