PALM BEACH ATLANTIC UNIVERSITY INC

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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

1968

Legal Domicile

Principal Officer

DR DEBRA A SCHWINN

Phone

5618032083

Tax Period

2024-07-01 to 2025-06-30

PALM BEACH ATLANTIC UNIVERSITY INC, founded in 1968, is a major nonprofit in the Education sector that reported $164.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

PALM BEACH ATLANTIC UNIVERSITY EQUIPS STUDENTS TO GROW IN WISDOM, LEAD WITH CONVICTION AND SERVE GOD BOLDLY.

Program Service Accomplishments

Program 1

Expenses: $142,740,625 Revenue: $131,797,151

PALM BEACH ATLANTIC UNIVERSITY OFFERS HIGHER EDUCATION TO A TOTAL OF 4,271 STUDENTS, ENCOMPASSING BOTH FULL-TIME AND PART-TIME STUDENTS, ACROSS ITS 70 UNDERGRADUATE, 16 GRADUATE, AND 3 PROFESSIONAL DEGREE PROGRAMS, AND ALSO PROVIDES A RANGE OF AUXILIARY SERVICES SUCH AS CONTINUING EDUCATION, STUDENT HOUSING, A DINING HALL, AND A BOOKSTORE, TO NAME A FEW. MOREOVER, THE UNIVERSITY EXTENDS FINANCIAL ASSISTANCE TO 2,826 STUDENTS, NOTING THAT THIS NUMBER MAY VARY FROM THE OVERALL STUDENT COUNT SINCE CERTAIN STUDENTS MAY RECEIVE MULTIPLE TYPES OF FINANCIAL AWARDS.

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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 $22,011,486

Program Service Revenue $131,797,151

Investment Income $9,795,289

Other Revenue $432,865

TOTAL REVENUE $164,036,791

Expense Breakdown

Grants Paid $50,365,649

Salaries & Benefits $58,118,709

Fundraising Expenses $2,702,106

Program Expenses $142,740,625

Other Expenses $60,103,651

TOTAL EXPENSES $168,588,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,036,791	$138,472,309	+0.2%
Expenses	$168,588,009	$149,222,950	+0.1%
Net Income	$-4,551,218	$-10,750,641	-0.6%

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

1531

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

$3,156,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MCCAFFREY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHANDRA BILL-RABENECKER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
WAYNE W COTTON	SECRETARY	1.00	Officer Director	$0	$0	$0
REV LUCKY ARNOLD	TRUSTEE	1.00	Director	$0	$0	$0
GINGER BILLS	TRUSTEE	1.00	Director	$0	$0	$0
CATHLEEN BURK	TRUSTEE	1.00	Director	$0	$0	$0
TERRIEL BYRD	TRUSTEE	1.00	Director	$0	$0	$0
MARK H CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
KIM ELLIOT	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT G HAWKINS ESQ	TRUSTEE	1.00	Director	$0	$0	$0
JAMES C JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES J JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
R MARSHALL JONES	TRUSTEE	1.00	Director	$0	$0	$0
MAMI KISNER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK C KOENIG	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD A KRAUSE	TRUSTEE	1.00	Director	$0	$0	$0
GRACE KURIAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W LITTLE III ESQUIRE	TRUSTEE	1.00	Director	$0	$0	$0
SARA MCCANN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT PACIENZA	TRUSTEE	1.00	Director	$0	$0	$0
SANDY ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN G SCALICI	TRUSTEE	1.00	Director	$0	$0	$0
DR JAMES H SCROGGINS IV	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SORRELL	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY SOTOS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GREENE	TRUSTEE	1.00	Director	$0	$0	$0
KARL WATSON JR	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN ALDERMAN	CLO & GENERAL COUNSEL	40.00	Officer	$249,036	$10,745	$259,781
SCOTT BARNES	VP ITS	40.00	Officer	$208,368	$22,928	$231,296
LAURA BISHOP	EXEC. VP, ADVANCEMENT	60.00	Officer	$316,763	$28,338	$345,101
STACIE BOWIE	EXEC. VP FINANCE & ADMIN/C	60.00	Officer	$317,672	$27,717	$345,389
NANCY BRAINARD	EXEC. VB ENROLLMENT	60.00	Officer	$256,722	$30,011	$286,733
STEPHEN JOHNSON	PROVOST	60.00	Officer	$266,718	$30,498	$297,216
COURTNEY LOVELY	DIRECTOR OF ATHLETICS	40.00	Officer	$177,587	$21,685	$199,272
DEBRA SCHWINN	PRESIDENT	60.00	Officer	$826,233	$31,476	$857,709
CARA WALD	VP HUMAN RESOURCES	40.00	Officer	$196,662	$20,906	$217,568
BERNARD CUETO	VP, SPIRITUAL DEVELOPMENT(	40.00	Officer	$112,300	$4,609	$116,909
CURTIS BROWN	ASSOCIATE VP, CONSTRUCTION	40.00	Highest	$175,345	$16,709	$192,054
MICHELE SCHNEIDER	ASSOCIATE VP & CONTROLLER	40.00	Highest	$178,673	$10,857	$189,530
DANA STRACHAN	DEAN, PHARMACY	40.00	Highest	$205,862	$24,746	$230,608
BRIAN STROW	DEAN, BUSINESS SCHOOL	40.00	Highest	$204,453	$21,101	$225,554
PHIL TOBIN	DEAN, HEALTH SCIENCES	40.00	Highest	$193,967	$24,637	$218,604
BOB LUTZ	VP STUDENT DEVELOPMENT (PR	40.00		$123,342	$3,365	$126,707

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	$164,036,791	$168,588,009	$378,907,334	$-4,551,218
2024	No data	No data	No data	No data
2023	$161,436,330	$141,222,958	$311,756,131	$20,213,372
2022	$154,657,206	$127,072,588	$276,408,667	$27,584,618
2021	$119,213,584	$118,783,963	$243,912,659	$429,621
2020	$116,726,108	$119,139,699	$220,823,200	$-2,413,591
2019	$112,532,514	$115,643,637	$219,345,774	$-3,111,123