PALM HARBOR COMMUNITY SERVICES AGENCY INC (EIN 592720211) - 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

1986

Legal Domicile

Principal Officer

JOHN HOLBACH

Phone

7277843332

Tax Period

2024-10-01 to 2025-09-30

PALM HARBOR COMMUNITY SERVICES AGENCY INC, founded in 1986, is a community nonprofit in the Recreation & Sports sector that reported $7.5M in total revenue in fiscal year 2024. Expenses of $6.9M left a modest 9% surplus.

Mission

PROVIDE LIBRARY AND RECREATION SERVICES TO RESIDENTS OF THE GREATER PALM HARBOR AREA.

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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 $6,415,180

Program Service Revenue $724,580

Investment Income $134,310

Other Revenue $268,575

TOTAL REVENUE $7,542,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,526,383

Fundraising Expenses $0

Program Expenses $6,665,609

Other Expenses $3,335,610

TOTAL EXPENSES $6,861,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,542,645	$7,051,618	+0.1%
Expenses	$6,861,993	$6,374,183	+0.1%
Net Income	$680,652	$677,435	+0.0%

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

115

Volunteers

400

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

$466,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA FAULKNER	CHAIR	1.00	Officer Director	$0	$0	$0
PHIL PHILLIPS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL MAZUREK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HOLBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA PICARD	BOARD MEMBER (TERM START 01/15/2025)	1.00	Director	$0	$0	$0
RON SCHULTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN WENDOL	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WESTWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA BLACK	BOARD MEMBER (TERM END 01/15/2025)	1.00	Director	$0	$0	$0
MATTHEW DAVID	DIRECTOR-PALM HARBOR LIBRA	40.00	Officer	$95,229	$5,071	$100,300
ERICA LYNFORD	DIRECTOR-PALM HARBOR PARKS	40.00	Officer	$113,121	$20,053	$133,174
LOIS EANNEL	DIRECTOR-EAST LAKE LIBRARY	40.00	Officer	$104,207	$17,959	$122,166
MARK SANDERS	DIRECTOR-EAST LAKE RECREAT	40.00	Officer	$72,657	$38,577	$111,234

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	$7,542,645	$6,861,993	$9,983,874	$680,652
2024	$7,051,618	$6,374,183	$9,408,618	$677,435
2023	$6,304,618	$6,227,450	$8,656,339	$77,168
2022	$5,767,035	$5,494,698	$8,487,888	$272,337
2021	$5,959,510	$4,850,830	$8,166,758	$1,108,680
2020	$4,968,348	$4,780,907	$7,580,277	$187,441
2019	$4,865,565	$4,569,365	$6,974,539	$296,200
2018	$5,064,922	$4,286,410	$6,683,279	$778,512

PALM HARBOR COMMUNITY SERVICES AGENCY INC