BOMA FT LAUDERDALE PALM BEACHES 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

1982

Legal Domicile

Principal Officer

MELANIE BAREST

Phone

5613956664

Tax Period

2025-01-01 to 2025-12-31

BOMA FT LAUDERDALE PALM BEACHES INC, founded in 1982, is a small nonprofit that reported $505K in total revenue in fiscal year 2025. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $438K left a modest 13% surplus.

Mission

TO ACTIVELY ASSIST COMMERCIAL REAL ESTATE PROFESSIONALS TO BECOME MORE SUCCESSFUL BY PROVIDING A NETWORKTO PROMOTE EDUCATION, ADVOCACY, THE EXCHANGE OF IDEAS, AND DEVELOP RELATIONSHIPS.

Program Service Accomplishments

Program 1

OFFERING OF 12 EDUCATIONAL SESSIONS THAT ENHANCE THE VALUE OF THE COMMERCIAL REAL ESTATE INDUSTRY PROFESSIONALS. INCLUDING A BUILDING COMPETITION TO SHOW EXCELLENCE IN PROPERTY MANAGEMENT, AS WELL AS TECHNICAL AND EDUCATIONAL SKILLS SESSIONS THAT ARE NEEDED TO PRODUCE HIGH LEVEL AND SUCCESSFUL COMMERCIAL PROPERTY MANAGEMENT PROFESSIONALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $357,864

Investment Income $11,025

Other Revenue $136,054

TOTAL REVENUE $504,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $437,593

TOTAL EXPENSES $437,593

Year-over-Year Comparison

	2025	2024	Change
Revenue	$504,943	$333,494	+0.5%
Expenses	$437,593	$384,105	+0.1%
Net Income	$67,350	$-50,611	-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

N/A

Volunteers

305

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE PALMER-NICHOLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRICIA SCHMIDT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ALINA VILLAR	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KAREN TERRY	ASSOC. LIAIS	1.00	Officer Director	$0	$0	$0
KEVIN AULT	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
CARY FRONSTIN	DIRECTOR	1.00	Director	$0	$0	$0
MARTY BUSEKRUS	DIRECTOR	1.00	Director	$0	$0	$0
ROB FARINA	DIRECTOR	1.00	Director	$0	$0	$0
STUART PECHNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE PELLICO	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN PURDUE	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES SOSA	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE ALSTON	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE BAREST	EXECUTIVE DI	40.00	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
2025	$504,943	$437,593	$383,706	$67,350
2024	$333,494	$384,105	$323,541	$-50,611
2023	$293,772	$365,958	$368,432	$-72,186
2022	$336,668	$330,261	$437,960	$6,407
2021	$243,132	$291,954	$438,304	$-48,822
2020	$263,583	$285,409	$485,291	$-21,826
2019	$388,564	$366,388	$507,052	$22,176
2018	$548,128	$441,420	$486,402	$106,708