PALM BEACH STATE COLLEGE FDN INC (EIN 591818556) - 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

ANDRIA M CUNNINGHAM

Phone

5618683106

Tax Period

2024-01-01 to 2024-12-31

PALM BEACH STATE COLLEGE FDN INC, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 47% operating margin.

Mission

TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER PHILANTHROPIC GIFTS FOR THE ADVANCEMENT OF PALM BEACH STATE COLLEGE AND ITS OBJECTIVES OF MAINTAINING OPEN ACCESS TO HIGHER EDUCATION AT AFFORDABLE COSTS.

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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 $10,732,693

Program Service Revenue $0

Investment Income $2,759,661

Other Revenue $-14,674

TOTAL REVENUE $13,477,680

Expense Breakdown

Grants Paid $1,621,149

Salaries & Benefits $0

Fundraising Expenses $1,262

Program Expenses $6,771,781

Other Expenses $5,570,515

TOTAL EXPENSES $7,191,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,477,680	$8,054,807	+0.7%
Expenses	$7,191,664	$13,407,715	-0.5%
Net Income	$6,286,016	$-5,352,908	-2.2%

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

N/A

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

$938,343

Total Directors

$104,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVA L PARKER	PRESIDENT	20.00	Officer	$0	$101,976	$595,756
DAVID RUTHERFORD	CEO	20.00	Officer	$0	$23,971	$238,562
DEBBIE BERES	FACULTY REP	1.00	Officer Director	$0	$12,299	$104,025
PATRICE BISHOP	DBOT REPRESE	1.00	Officer Director	$0	$0	$0
ALFRED ZUCARO	DIRECTOR	1.00	Director	$0	$0	$0
VICKI CHOURIS	DIRECTOR	1.00	Director	$0	$0	$0
HERMINE DREZNER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ELMORE	DIRECTOR	1.00	Director	$0	$0	$0
BRENT FYKES	DIRECTOR	1.00	Officer Director	$0	$0	$0
PIA GIANNONE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH HAMMA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KIME	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA FRIEDMAN-LEVINE MD	DBOT REPRESE	1.00	Officer Director	$0	$0	$0
ELLICE MARTINEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
WHITNEY CUNNINGHAM WALKER	DIRECTOR	1.00	Director	$0	$0	$0
NOEL GUILLAMA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICKY WADE	CHAIR	1.00	Officer Director	$0	$0	$0
TOMAS LEON NUNEZ	STUDENT REP.	1.00	Officer Director	$0	$0	$0
CHARLES MCCONNELL	STUDENT REP.	1.00	Officer Director	$0	$0	$0
STEPHEN CONSTANTINE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DUFFIE	DIRECTOR	1.00	Director	$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	$13,477,680	$7,191,664	$62,029,100	$6,286,016
2023	$8,054,807	$13,407,715	$52,612,351	$-5,352,908
2022	$6,305,304	$4,338,465	$55,191,409	$1,966,839
2021	$7,498,508	$2,846,933	$61,549,766	$4,651,575
2020	$13,934,356	$3,376,456	$55,851,195	$10,557,900
2020	$13,934,356	$3,376,456	$55,851,195	$10,557,900
2019	$6,496,502	$3,479,797	$42,362,896	$3,016,705
2018	$4,389,728	$3,671,719	$35,537,623	$718,009

PALM BEACH STATE COLLEGE FDN INC