POLICE ATHLETIC LEAGUE OF ST PETER… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

MIKE THACKERY

Phone

7278001725

Tax Period

2023-10-01 to 2024-09-30

POLICE ATHLETIC LEAGUE OF ST PETERSBURG INC, founded in 1960, is a small nonprofit that reported $706K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 47 months of operating reserves.

Mission

THE MISSION OF PALSP IS TO EMPOWER OUR YOUTH THROUGH EDUCATIONAL, ATHLETIC, EMPLOYABILITY AND MENTORSHIP OPPORTUNITIES, THROUGH COLLABORATIONS WITH COMMUNITY PARTNERS AND POLICE OFFICERS TO FOSTER TRUST, INSPIRE HOPE AND FACILITATE CHANGE WITHIN THE COMMUNITIES WE SERVE.HOW WE ENGAGE - THROUGH OUR PROGRAMS (ACADEMIC, ATHLETIC, EMPLOYABILITY & MENTORING) WE ENGAGE KIDS BY PROVIDING A SAFE ENVIRONMENT TO LEARN AND BE INSPIRED (WOODLAWN & MIDTOWN).HOW WE EDUCATE - WE PROVIDE TUTORING AND ESSENTIAL LEARNING SKILLS DEVELOPMENT IN THE AREAS OF MATH, ETC.HOW WE EMPOWER - THROUGH MENTORSHIP FROM SPPD AND COMMUNITY LEADERS, OUR KIDS LEARN ESSENTIAL LIFE SKILLS TO PROPEL THEM FORWARD IN LIFE AS WELL AS THE IMPORTANCE FROM ROLE MODELS OF GIVING BACK TO THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $513,186 Revenue: $202,526

FORM 990, PART III, LINE 4A - FIRST ACCOMPLISHMENT PROGRAM SERVICESAFTERCARE - OVER 125 YOUTH PARTICIPATE IN THE PAL AFTERCARE PROGRAM. YOUTH HAD THE OPPORTUNITY TO RECEIVE DAILY HOMEWORK HELP, LEARN THE FUNDAMENTALS OF SOCCER AND TENNIS, GROW AND HARVEST FRUIT AND VEGETABLES, PLAY RECREATIONAL GAMES, AND PARTICIPATE IN SELF-ESTEEM ENHANCING PROGRAMS.SUMMER CAMP - APPROXIMATELY 135 YOUTH PARTICIPATED IN THE PAL SUMMER CAMP PROGRAM. YOUTH HAD THE OPPORTUNITY TO ATTEND EDUCATIONAL FIELD TRIPS, PARTICIPATE IN ATHLETIC GAMES, CONTINUE THEIR EDUCATION THROUGH ONGOING ACADEMIC PROGRAMING, AND BE MENTORED BY VOLUNTEERS AND POLICE OFFICERS.ATHLETICS - THROUGHOUT THE YEAR, OVER 200 YOUTH PARTICIPATED IN ATHLETIC PROGRAMING HOSTED BY PAL. YOUTH PARTICIPATED IN BASKETBALL SKILL CAMPS, T-BALL, FLAG FOOTBALL TOURNAMENTS, CHEERLEADING COMPETITIONS, SOCCER SKILL AND DRILLS CLINICS, AND EVENING BASKETBALL OPEN GYM PLAY.

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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 $537,670

Program Service Revenue $159,161

Investment Income $15,627

Other Revenue $-6,263

TOTAL REVENUE $706,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,897

Fundraising Expenses $21,629

Program Expenses $513,186

Other Expenses $389,164

TOTAL EXPENSES $723,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$706,195	$2,143,557	-0.7%
Expenses	$723,061	$626,959	+0.2%
Net Income	$-16,866	$1,516,598	-1.0%

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

N/A

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE THACKREY	CHAIR	0.00	Officer Director	$0	$0	$0
BANNER CLARK	VICE CHAIR	0.00	Officer Director	$0	$0	$0
BRIAN CERAS	TREASURER	0.00	Officer Director	$0	$0	$0
JEFF RETTIG	SECRETARY	0.00	Officer Director	$0	$0	$0
LEAH BICKLEY	OFFICER	0.00	Officer Director	$0	$0	$0
JOE FULLERTON	OFFICER	0.00	Officer Director	$0	$0	$0
BRIAN KRUSE	OFFICER	0.00	Officer Director	$0	$0	$0
MAJOR NATHALY PATTERSON	OFFICER	0.00	Officer Director	$0	$0	$0
JEFF RATHMELL	OFFICER	0.00	Officer Director	$0	$0	$0
HEATHER ROBB	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000

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	$706,195	$723,061	$2,778,753	$-16,866
2023	$2,143,557	$626,959	$2,895,557	$1,516,598
2022	$996,766	$585,859	$1,212,901	$410,907
2021	$537,301	$549,781	$1,127,379	$-12,480
2020	$774,469	$378,001	$903,891	$396,468
2019	$544,965	$642,007	$281,203	$-97,042
2018	$607,766	$774,164	$578,465	$-166,398

POLICE ATHLETIC LEAGUE OF ST PETERSBURG INC