BUSINESS LOAN FUND OF THE PALM BEACHES INC

EIN: 593392460 501(c)(3)

WEST PALM BEACH, FL

Total Revenue
$130,950
Total Expenses
$139,460
Total Assets
$74,883
Net Assets
$-224,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
Lia T Gaines
Phone
5614782337
Tax Period
2020-10-01 to 2021-09-30

BUSINESS LOAN FUND OF THE PALM BEACHES INC, founded in 1996, is a small nonprofit that reported $131K in total revenue in fiscal year 2020. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE TECHNICALL ASSISTANCE , TRAINING AND OTHER SUPPORT TO SMALL BUSINESSES AND ENTREPRENEURS LOCATED MAINLY IN PALM BEACH COUNTY , FLORIDA.

Program Service Accomplishments

Program 1
Expenses: $90,491 Revenue: $130,950

DURING THE FISCAL YEAR, WE WERE ABLE TO PROVIDE TECHNICAL ASSISTANCE TO 540 CLIENTS RELATED TO THEIR BUSINESSES. OUR SERVICES REPRESENT 3,540 UNITS OF SERVICES (VIA ZOOM MEETING , GROUP PRESENTATION...

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DURING THE FISCAL YEAR, WE WERE ABLE TO PROVIDE TECHNICAL ASSISTANCE TO 540 CLIENTS RELATED TO THEIR BUSINESSES. OUR SERVICES REPRESENT 3,540 UNITS OF SERVICES (VIA ZOOM MEETING , GROUP PRESENTATION WORKSHOPS AND ONE ON ONE TECHNICAL ASSISTANCE BY PHONE). WE WERE ABLE TO HELP SECURE MORE THAN $2,000,000 IN GRANTS AND LOANS DURING THE PANDEMIC. IN ADDITION, SMALL BUSINESSES WERE ABLE TO CREATE FIVE (5) JOBS, AND OBTAIN (4) LOANS .WE HAVE CONDUCTED SIX (6) FINANCIAL TRAINING SESSIONS REMOTELY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $119,000
Program Service Revenue $11,950
Investment Income $0
Other Revenue $0
TOTAL REVENUE $130,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,188
Program Expenses $90,491
Other Expenses $139,460
TOTAL EXPENSES $139,460

Year-over-Year Comparison

2020 2019 Change
Revenue $130,950 $94,970 +0.4%
Expenses $139,460 $100,552 +0.4%
Net Income $-8,510 $-5,582 +0.5%
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
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
3
$36,300
Total Directors
0
$0
Key Employees
1
$36,300
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIA T GAINES EXECUTIVE DIRECTOR 40
Officer Key Emp
$36,300 $0 $36,300
ELVIN DOWLING PRESIDENT 1
Officer
$0 $0 $0
ALPHIA STEVENSON TREASURER / SECRETARY 1
Officer
$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
2021 $130,950 $139,460 $74,883 $-8,510
2020 $94,970 $100,552 $429,662 $-5,582
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