NAMI PALM BEACH COUNTY 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

1983

Legal Domicile

Principal Officer

KATHERINE M MURPHY

Phone

5615883477

Tax Period

2024-01-01 to 2024-12-31

NAMI PALM BEACH COUNTY INC, founded in 1983, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $869K left a modest 14% surplus.

Mission

NAMI PALM BEACH COUNTY PROVIDES ADVOCACY, EDUCATION, SUPPORT, AND PUBLIC AWARENESS SO THAT ALL INDIVIDUALS AND FAMILIES AFFECTED BY MENTAL ILLNESS CAN BUILD BETTER LIVES.

Program Service Accomplishments

Program 1

Expenses: $737,000

IN 2024:297 SUPPORT GROUP SESSIONS PROVIDED SPACE FOR 3,227 INDIVIDUALS AND THEIR LOVED ONES TO SHARE EXPERIENCES, STRATEGIES, AND ENCOURAGEMENT. NAMI PBC STRIVES TO PROVIDE A SPACE IN WHICH EVERY...

IN 2024:297 SUPPORT GROUP SESSIONS PROVIDED SPACE FOR 3,227 INDIVIDUALS AND THEIR LOVED ONES TO SHARE EXPERIENCES, STRATEGIES, AND ENCOURAGEMENT. NAMI PBC STRIVES TO PROVIDE A SPACE IN WHICH EVERY PERSON CAN FIND PHYSICAL AND PSYCHOLOGICAL SAFETY, WITH SUPPORT GROUPS AVAILABLE TO A VARIETY OF COMMUNITIES. -NAMI PBC'S COLLABORATION WITH LAW ENFORCEMENT THROUGH THE CRISIS INTERVENTION TEAM AND NAMI'S SHARING YOUR STORY HAS BEEN PIVOTAL IN TRAINING 372 LAW ENFORCEMENT OFFICERS, USING THE POWER OF PERSONAL NARRATIVES TO FOSTER EMPATHY. (CONTINUED ON SCHEDULE O)-NAMI PBC PLACES A PRIORITY ON COMMUNITY OUTREACH, ACTIVELY SHARING RESOURCES AND OFFERING SUPPORT TO A WIDER AUDIENCE THROUGH 47 TABLING EVENTS ACROSS THE COUNTY REACHING 4,530 INDIVIDUALS.-NAMI PBC RECEIVED 1,947 INQUIRIES FROM COMMUNITY MEMBERS SEEKING INFORMATION REGARDING MENTAL HEALTH SERVICES AND RESOURCES AVAILABLE IN OUR COMMUNITY. -603 INDIVIDUALS ATTENDED NAMI'S WEDNESDAY DROP-IN CENTER, AN INFORMAL GATHERING FOR PEERS TO CONNECT, SOCIALIZE, AND ENJOY ACTIVITIES LIKE CRAFTS AND GAMES. IN 2024 THE PROGRAMMING AT THE CENTER WAS ENHANCED, INCORPORATING ART CLASSES LED BY VOLUNTEER PROFESSIONAL ARTISTS.-PEER MENTORING HELPED 27INDIVIDUALS LIVING WITH MENTAL HEALTH CONDITIONS

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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 $907,529

Program Service Revenue $0

Investment Income $23,898

Other Revenue $77,590

TOTAL REVENUE $1,009,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,811

Fundraising Expenses $16,543

Program Expenses $737,000

Other Expenses $284,666

TOTAL EXPENSES $869,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,009,017	$769,849	+0.3%
Expenses	$869,477	$775,515	+0.1%
Net Income	$139,540	$-5,666	-25.6%

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

180

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

$98,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL CHECKERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA L NICHOLSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL ENGELHARDT	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBYN WELCH	TREASURER	2.00	Officer Director	$0	$0	$0
NICOLE BAGANZ	DIRECTOR	2.00	Director	$0	$0	$0
LINDA CASALE	DIRECTOR	2.00	Director	$0	$0	$0
ATENSIA S EARP BOWEN	DIRECTOR	2.00	Director	$0	$0	$0
RACHAEL FLANAGAN ESQ	DIRECTOR	2.00	Director	$0	$0	$0
DONNA HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
GARY TIMMER	DIRECTOR	2.00	Director	$0	$0	$0
MONIQUE BROWN FAUST	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANNE GIOIA	DIRECTOR	2.00	Director	$0	$0	$0
KATIE LIOGIER-WEYBACK	DIRECTOR	2.00	Director	$0	$0	$0
GABRIELLE TORRES	DIRECTOR	2.00	Director	$0	$0	$0
GINA WELLS	DIRECTOR	3.00	Director	$0	$0	$0
KATHERINE MURPHY	CHIEF EXECUTIVE OFFICER	50.00	Officer	$95,150	$3,600	$98,750

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	$1,009,017	$869,477	$965,171	$139,540
2023	$769,849	$775,515	$822,460	$-5,666
2022	$793,335	$796,706	$818,299	$-3,371
2021	$860,673	$725,000	$818,035	$135,673
2020	$702,034	$678,143	$806,101	$23,891
2018	$738,072	$723,548	$660,097	$14,524