PALM BEACH PHOTOGRAPHIC CENTRE 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

1989

Legal Domicile

Principal Officer

FATIMA NEJAME

Phone

5612532600

Tax Period

2023-10-01 to 2024-09-30

PALM BEACH PHOTOGRAPHIC CENTRE INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 29% operating margin.

Mission

Enrichment of life through exhibitions, community programs, workshops, and educational activities that promote the art of photography and digital imaging.

Program Service Accomplishments

Program 1

Expenses: $624,967 Revenue: $484,957

The Centre provides courses in photography and digital imaging, community educational events, a photography camp and a museum.

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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 $369,595

Program Service Revenue $115,829

Investment Income $1,017,053

Other Revenue $145,008

TOTAL REVENUE $1,647,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,029

Fundraising Expenses $211,709

Program Expenses $624,967

Other Expenses $827,334

TOTAL EXPENSES $1,162,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,647,485	$951,090	+0.7%
Expenses	$1,162,363	$1,132,112	+0.0%
Net Income	$485,122	$-181,022	-3.7%

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

150

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

$61,304

Total Directors

$123,107

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATIMA NEJAME	PRESIDENT/CEO	50.00	Officer Director	$57,500	$3,804	$61,304
ARTHUR NEJAME	MANAGING DIRECTOR	40.00	Director	$57,500	$4,303	$61,803
JAY KOENIGSBERG	SECRETARY	10.00	Officer Director	$0	$0	$0
CAROL ROBERTS	TREASURER	10.00	Officer Director	$0	$0	$0
DAILE KAPLAN	DIRECTOR	10.00	Director	$0	$0	$0
SCOTT MCKIERNAN	DIRECTOR	10.00	Director	$0	$0	$0
DR ANTHONY BANNON	DIRECTOR	10.00	Director	$0	$0	$0
FRANCI COUNIHAN	BOARD MEMBER	10.00	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	$1,647,485	$1,162,363	$1,311,007	$485,122
2023	$951,090	$1,132,112	$700,842	$-181,022
2022	$999,621	$1,088,086	$863,157	$-88,465
2021	$866,676	$953,728	$1,110,051	$-87,052
2020	$969,515	$962,716	$1,273,248	$6,799
2019	$1,047,805	$999,406	$1,241,117	$48,399
2018	$881,902	$828,605	$1,286,562	$53,297