PALM BEACH COUNTY POLICE BENEVOLENT ASSOCIATION INC (EIN 591474941) - 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

1973

Legal Domicile

Principal Officer

JOHN KAZANJIAN

Phone

5616893745

Tax Period

2023-01-01 to 2023-12-31

PALM BEACH COUNTY POLICE BENEVOLENT ASSOCIATION INC, founded in 1973, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE PROFESSIONALISM IN LAW ENFORCEMENT. TO PROVIDE LABOR & COLLECTIVE BARGAINING SERVICES, LEGAL ASSISTANCE, EDUCATION, LEGISTLATIVE REPRESENTATION AND DEATH AND DISABILITY BENEFITS TO PALM BEACH COUNTY POLICE OFFICERS.

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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 $2,814,068

Program Service Revenue $0

Investment Income $21,210

Other Revenue $504,115

TOTAL REVENUE $3,339,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,470,308

Fundraising Expenses $0

Other Expenses $1,223,904

TOTAL EXPENSES $3,240,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,339,393	$2,795,525	+0.2%
Expenses	$3,240,541	$2,908,806	+0.1%
Net Income	$98,852	$-113,281	-1.9%

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

N/A

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

$263,298

Total Directors

$20,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH YOUNGBLOOD	DIRECTOR	20.00	Director	$19,966	$319	$20,285
JOHN KAZANJIAN	PRESIDENT	40.00	Officer	$108,904	$11,611	$120,515
ERNEST GEORGE	EXECUTIVE DIRECTOR	30.00	Officer	$63,022	$5,275	$68,297
GREGORY ALLEN	VICE PRESIDENT	20.00	Officer	$26,817	$2,145	$28,962
MICHAEL KENNEDY	SECRETARY	20.00	Officer	$22,731	$1,415	$24,146
MEER DEEN	TREASURER	20.00	Officer	$20,168	$1,210	$21,378

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	No data	No data	No data	No data
2023	$3,339,393	$3,240,541	$3,290,811	$98,852
2022	$2,795,525	$2,908,806	$3,154,300	$-113,281
2021	$2,909,655	$2,806,003	$3,294,571	$103,652
2020	$2,903,019	$2,715,263	$3,165,434	$187,756

PALM BEACH COUNTY POLICE BENEVOLENT ASSOCIATION INC