Economic Council of Palm Beach County Inc (EIN 591575003) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Michele Jacobs

Phone

5616841551

Tax Period

2024-01-01 to 2024-12-31

Economic Council of Palm Beach County Inc, founded in 1975, is a small nonprofit that reported $976K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

To foster prudent economic growth and improve the quality of life (continued on Schedule O) for all who live and work in Palm Beach County.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $939,150

Program Service Revenue $0

Investment Income $36,560

Other Revenue $0

TOTAL REVENUE $975,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,542

Fundraising Expenses $0

Program Expenses $745,880

Other Expenses $496,966

TOTAL EXPENSES $994,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,710	$811,379	+0.2%
Expenses	$994,508	$756,905	+0.3%
Net Income	$-18,798	$54,474	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$328,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Weir	Executive Committee	1.00	Director	$0	$0	$0
Deana Pizzo	Executive Committee	2.00	Director	$0	$0	$0
Connor Lynch	Executive Committee	3.00	Director	$0	$0	$0
Art Menor	Executive Committee	2.00	Director	$0	$0	$0
Chris Duke	Executive Committee	2.00	Director	$0	$0	$0
Gary Lesser	Executive Committee	1.00	Director	$0	$0	$0
Ava Parker	Executive Committee	1.00	Director	$0	$0	$0
Allen Gast	Executive Committee	4.00	Director	$0	$0	$0
Scott Hawkins	Executive Committee	1.00	Director	$0	$0	$0
Pam Rauch	Executive Committee	1.00	Director	$0	$0	$0
Paul Leone	Executive Committee	1.00	Director	$0	$0	$0
Ken Tuma	Executive Committee	1.00	Director	$0	$0	$0
Michele Jacobs	President	40.00	Officer	$328,561	$0	$328,561
Mark Elhilow	Board Chair	4.00	Officer	$0	$0	$0
Cliff Hertz	Chair - Elect	1.00	Officer	$0	$0	$0
Tom Hoban	Secretary	1.00	Officer	$0	$0	$0
Michael Kohner	Treasurer	2.00	Officer	$0	$0	$0
Philippe Jeck	General Counsel	1.00	Officer	$0	$0	$0
Fab Brumley	Immediate Past Chair	3.00	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
2024	$975,710	$994,508	$1,073,533	$-18,798
2023	$811,379	$756,905	$1,061,022	$54,474
2022	$889,162	$886,733	$1,029,766	$2,429
2021	$788,495	$648,028	$1,025,374	$140,467
2020	$660,328	$649,113	$851,014	$11,215
2019	$689,914	$726,230	$806,407	$-36,316
2018	$787,113	$772,212	$642,572	$14,901

Economic Council of Palm Beach County Inc