HOSPICE FOUNDATION OF PALM BEACH COUNTY (EIN 592543362) - 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

1985

Legal Domicile

Principal Officer

PETER SUMMERS

Phone

5618328585

Tax Period

2023-10-01 to 2024-09-30

HOSPICE FOUNDATION OF PALM BEACH COUNTY, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 75% operating margin.

Mission

PALM BEACH ISLAND HOSPICE FOUNDATION WAS ESTABLISHED EXCLUSIVELY TO SUPPORT THE PROGRAMS, SERVICES AND ACTIVITIES WHICH FURTHER COMPREHENSIVE HOSPICE CARE IN PALM BEACH COUNTY, FLORIDA THROUGH ITS FUNDRAISING EFFORTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,046,760

Program Service Revenue $0

Investment Income $1,060,147

Other Revenue $-217,585

TOTAL REVENUE $1,889,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,932

Fundraising Expenses $47,866

Other Expenses $404,531

TOTAL EXPENSES $471,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,889,322	$1,017,679	+0.9%
Expenses	$471,463	$899,333	-0.5%
Net Income	$1,417,859	$118,346	+11.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE SUMMERS	CHAIRMAN/CEO	1.00	Officer Director	$0	$0	$0
MARK W COOK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN TATOOLES	TREASURER	1.00	Officer Director	$0	$0	$0
BEAU BRECKINRIDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK FLAGG	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
CAROL BAXTER	TRUSTEE	1.00	Director	$0	$0	$0
BETSY TURNER	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA BURKE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CALLAHAN	TRUSTEE	1.00	Director	$0	$0	$0
NANETTE CASSIDY	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN CUNNINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
LORE DODGE	TRUSTEE	1.00	Director	$0	$0	$0
GAYE ENGEL	TRUSTEE	1.00	Director	$0	$0	$0
CATHY FLAGG	TRUSTEE	1.00	Director	$0	$0	$0
JANE GRACE	TRUSTEE	1.00	Director	$0	$0	$0
AUDREY GRUSS	TRUSTEE	1.00	Director	$0	$0	$0
EVELYN HARRISON	TRUSTEE	1.00	Director	$0	$0	$0
MELINDA HASSEN	TRUSTEE	1.00	Director	$0	$0	$0
ANN HEATHWOOD	TRUSTEE	1.00	Director	$0	$0	$0
LYNN HOMES	TRUSTEE	1.00	Director	$0	$0	$0
VICKY HUNT	TRUSTEE	1.00	Director	$0	$0	$0
ANN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
PAT JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
KARIN LUTER	TRUSTEE	1.00	Director	$0	$0	$0
HILLIE MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN MALLOY	TRUSTEE	1.00	Director	$0	$0	$0
TALBOTT MAXEY	TRUSTEE	1.00	Director	$0	$0	$0
ANITA MICHAELS	TRUSTEE	1.00	Director	$0	$0	$0
LUCIA MUSSO	TRUSTEE	1.00	Director	$0	$0	$0
MARJORIE O'NEIL	TRUSTEE	1.00	Director	$0	$0	$0
PIPER QUINN	TRUSTEE	1.00	Director	$0	$0	$0
CATER RANDOLPH	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE RIBAKOFF	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA SCHUMACHER	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE STEPHAICH	TRUSTEE	1.00	Director	$0	$0	$0
ANN SUMMERS	TRUSTEE	1.00	Director	$0	$0	$0
KARYN G LAMB	TRUSTEE	1.00	Director	$0	$0	$0
GARY PATSLEY	TRUSTEE	1.00	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
2024	$1,889,322	$471,463	$32,339,704	$1,417,859
2023	$1,017,679	$899,333	$26,155,303	$118,346
2022	$1,368,412	$527,606	$23,002,684	$840,806
2021	$3,903,608	$2,011,653	$27,516,487	$1,891,955
2021	$3,903,608	$2,011,653	$27,516,487	$1,891,955
2020	$1,078,817	$918,171	$24,007,030	$160,646
2019	$2,037,159	$1,407,853	$22,722,912	$629,306
2018	$3,139,791	$1,321,345	$23,357,775	$1,818,446

HOSPICE FOUNDATION OF PALM BEACH COUNTY