PALMS WEST CHAMBER OF COMMERCE

EIN: 592372417

LOXAHATCHEE, FL

Total Revenue
$353,015
Total Expenses
$352,657
Total Assets
$13,960
Net Assets
$-35,848
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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
FL
Principal Officer
MARY LOU BEDFORD
Phone
5617906200
Tax Period
2024-05-01 to 2025-04-30

PALMS WEST CHAMBER OF COMMERCE, founded in 1983, is a small nonprofit that reported $353K in total revenue in fiscal year 2024.

Mission

THE CENTRAL PALM BEACH CHAMBER OF COMMERCE MISSION IS TO PROVIDE LEADERSHIP THAT FACILITATES THE CREATION OF A PROSPEROUS REGIONAL ECONOMY AND EFFECTIVE ADVOCACY FOR OUR MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $214,780
Program Service Revenue $120,235
Investment Income $0
Other Revenue $18,000
TOTAL REVENUE $353,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,454
Fundraising Expenses $0
Program Expenses $307,542
Other Expenses $163,203
TOTAL EXPENSES $352,657

Year-over-Year Comparison

2024 2023 Change
Revenue $353,015 $354,212 0.0%
Expenses $352,657 $374,834 -0.1%
Net Income $358 $-20,622 -1.0%
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

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Governance

Voting Members
22
Independent Members
21
Employees
2
Volunteers
21

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
1
$127,123
Total Directors
4
$0
Key Employees
1
$127,123
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY LOU BEDFORD CEO 050.00
Officer Key Emp
$127,123 $0 $127,123
ILAN KAUFER CHAIRMAN OF THE BOARD 010.00
Director
$0 $0 $0
MICHAEL STONE VICE CHAIRMAN 010.00
Director
$0 $0 $0
CAROL ONEIL TREASURER 010.00
Director
$0 $0 $0
PAM TAHAN PAST CHAIR 010.00
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
2025 $353,015 $352,657 $13,960 $358
2024 $354,212 $374,834 $27,561 $-20,622
2023 $343,108 $343,537 $34,199 $-429
2022 $567,905 $370,867 $46,695 $197,038
2021 $333,826 $379,820 $10,838 $-45,994
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