Cultural Council of Palm Beach County Inc (EIN 591862336) - 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

1978

Legal Domicile

Principal Officer

David Lawrence

Phone

5614712901

Tax Period

2024-10-01 to 2025-09-30

Cultural Council of Palm Beach County Inc, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2024.

Mission

The Cultural Council's mission is to promote/support a healthy cultural sector. (Cont'd on Sch O)(Continued from page 1, part I, line 1.) We serve as cultural architects, championing and growing cultural organizations and creative professionals so that arts and culture are a part of everyday life, for everyone.

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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 $6,934,579

Program Service Revenue $30,031

Investment Income $22,865

Other Revenue $152,165

TOTAL REVENUE $7,139,640

Expense Breakdown

Grants Paid $1,396,917

Salaries & Benefits $1,984,652

Fundraising Expenses $262,993

Program Expenses $6,849,535

Other Expenses $3,811,093

TOTAL EXPENSES $7,192,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,139,640	$7,202,482	0.0%
Expenses	$7,192,662	$7,218,367	0.0%
Net Income	$-53,022	$-15,885	+2.3%

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

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

$637,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edrick E Barnes	Vice Chair	2.00	Officer Director	$0	$0	$0
Christopher D Caneles	Treasurer	4.00	Officer Director	$0	$0	$0
Barbara Cheives	Director	2.00	Director	$0	$0	$0
David Cohen	Director	2.00	Director	$0	$0	$0
Cheryl K Crowley	Chair	4.00	Officer Director	$0	$0	$0
Phil DiComo	Director	2.00	Director	$0	$0	$0
Donald M Ephraim	Director	2.00	Director	$0	$0	$0
Phillip Edwards	Vice Chair	2.00	Officer Director	$0	$0	$0
Willem Erwich	Director	2.00	Director	$0	$0	$0
Roe Green	Director	2.00	Director	$0	$0	$0
Stephen Jacobs	Director	2.00	Director	$0	$0	$0
Todd Kolich	Director	2.00	Director	$0	$0	$0
William Parmelee	Secretary	2.00	Officer Director	$0	$0	$0
Emanuel Perry	EX Officio Member	2.00	Director	$0	$0	$0
Denise Rivas	Director	2.00	Director	$0	$0	$0
Hector Rubio	Director	2.00	Director	$0	$0	$0
Greg Silpe	Director	2.00	Director	$0	$0	$0
Davika Thompson	EX Officio Member	2.00	Director	$0	$0	$0
Mari Woodward	EX Officio Member	2.00	Director	$0	$0	$0
David Lawrence	President and CEO	40.00	Officer	$261,702	$31,039	$292,741
Kathleen Alex	Chief Financial Officer	35.00	Officer	$151,371	$10,529	$161,900
Jennifer Sullivan	Senior Vice President	40.00	Officer	$163,260	$19,161	$182,421

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	$7,139,640	$7,192,662	$5,194,624	$-53,022
2024	$7,202,482	$7,218,367	$5,417,239	$-15,885
2023	$5,735,254	$5,765,308	$5,124,316	$-30,054
2022	$4,742,344	$4,507,411	$4,793,143	$234,933
2021	$4,182,319	$3,976,638	$4,889,768	$205,681
2020	$3,337,835	$3,611,586	$4,882,612	$-273,751
2019	$3,915,638	$4,372,909	$4,907,122	$-457,271
2018	$4,064,859	$4,369,342	$4,934,686	$-304,483

Cultural Council of Palm Beach County Inc