The Fund for West Palm Beach Police Inc (EIN 592293239) - 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

1982

Legal Domicile

Principal Officer

Tyler Schapiro

Phone

5618221868

Tax Period

2024-09-01 to 2025-08-31

The Fund for West Palm Beach Police Inc, founded in 1982, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 7% surplus.

Mission

The mission of the Organization is to provide support and assistance to the West Palm Beach force through special programs, award recognition, and capital for special purchases for which the city or grant money is unavailable. Programs in the community focus on improving relations between police officers and the residents.

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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 $1,460,244

Program Service Revenue $0

Investment Income $34,456

Other Revenue $-78,054

TOTAL REVENUE $1,416,646

Expense Breakdown

Grants Paid $355,086

Salaries & Benefits $135,747

Fundraising Expenses $9,207

Program Expenses $1,133,035

Other Expenses $832,348

TOTAL EXPENSES $1,323,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,416,646	$929,211	+0.5%
Expenses	$1,323,181	$1,057,749	+0.3%
Net Income	$93,465	$-128,538	-1.7%

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

$32,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Brule	Director	2.00	Director	$0	$0	$0
Don Chester	Director	2.00	Director	$0	$0	$0
Michael Falk	Director	2.00	Director	$0	$0	$0
Paco Gil	Director	2.00	Director	$0	$0	$0
Ken Gillman	Director	2.00	Director	$0	$0	$0
Tom Gravina	Director	2.00	Director	$0	$0	$0
Patrick Harrison	Director	2.00	Director	$0	$0	$0
Tangley Lloyd	Director	2.00	Director	$0	$0	$0
Bill Meyer	Director	2.00	Director	$0	$0	$0
Heather Luttier	Director	2.00	Director	$0	$0	$0
Robert Morrow	Director	2.00	Director	$0	$0	$0
Robert Nitabach	Director	2.00	Director	$0	$0	$0
Nicholas Prouty	Director	2.00	Director	$0	$0	$0
Gopal Rajegowda	Director	2.00	Director	$0	$0	$0
Raymond Richards	Director	2.00	Director	$0	$0	$0
Stephen Ross	Director	2.00	Director	$0	$0	$0
Janice Savin Williams	Director	2.00	Director	$0	$0	$0
Ron Shear	Director	2.00	Director	$0	$0	$0
Ann-Marie Taylor	Director	2.00	Director	$0	$0	$0
Robert Tillis	Director	2.00	Director	$0	$0	$0
Ricky Wade	Director	2.00	Director	$0	$0	$0
Ben Macfarland	Director	2.00	Director	$0	$0	$0
Tom Zacharias	Director	2.00	Director	$0	$0	$0
Bob Ernst	Director	2.00	Director	$0	$0	$0
Ned Grace	Director	2.00	Director	$0	$0	$0
Mark Marcello	Director	2.00	Director	$0	$0	$0
Brittany Morrison	Director	2.00	Director	$0	$0	$0
Gregg Weiss	Director	2.00	Director	$0	$0	$0
Allan Adelson	Chair	1.00	Officer	$0	$0	$0
Robert Garvy	Vice Chair	3.00	Officer	$0	$0	$0
Bill Bone	President	5.00	Officer	$0	$0	$0
Tyler Schapiro	Treasurer	5.00	Officer	$0	$0	$0
Ronnie Pertnoy	Secretary	4.00	Officer	$0	$0	$0
Ron Frisbie	Executive Committee	2.00	Officer	$0	$0	$0
Joe Plumeri	Executive Committee	2.00	Officer	$0	$0	$0
Angela Rose	Executive Director	40.00	Officer	$32,885	$0	$32,885

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	$1,416,646	$1,323,181	$1,022,665	$93,465
2024	$929,211	$1,057,749	$795,341	$-128,538
2023	$882,330	$1,048,260	$905,219	$-165,930
2022	$272,081	$214,068	$1,071,149	$58,013
2021	$112,869	$90,083	$496,925	$22,786
2020	$123,189	$31,031	$474,139	$92,158
2019	$110,442	$72,496	$381,981	$37,946
2018	$376,907	$85,331	$344,035	$291,576

The Fund for West Palm Beach Police Inc