AREA AGENCY ON AGING OF PALM BEACH TREASURE COAST INC (EIN 650087858) - 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

1988

Legal Domicile

Principal Officer

DWIGHT CHENETTE

Phone

5616845885

Tax Period

2024-01-01 to 2024-12-31

AREA AGENCY ON AGING OF PALM BEACH TREASURE COAST INC, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $38.9M in total revenue in fiscal year 2024. Expenses of $37.6M left a modest 3% surplus.

Mission

TO PROMOTE, SUPPORT AND ADVOCATE FOR SENIORS AND THEIR CAREGIVERS.

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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 $38,743,094

Program Service Revenue $0

Investment Income $171,419

Other Revenue $227

TOTAL REVENUE $38,914,740

Expense Breakdown

Grants Paid $31,337,816

Salaries & Benefits $4,251,148

Fundraising Expenses $0

Program Expenses $35,822,557

Other Expenses $1,984,763

TOTAL EXPENSES $37,573,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,914,740	$38,071,720	+0.0%
Expenses	$37,573,727	$37,038,044	+0.0%
Net Income	$1,341,013	$1,033,676	+0.3%

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

105

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

$412,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL SHEPPARD	CHAIR	2.00	Officer Director	$0	$0	$0
LEWIS SILVERMAN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN MORGAN	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS CAMPENNI	DIRECTOR	2.00	Director	$0	$0	$0
SARASWATHY BATTAR	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT GREENBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
PHILLIP WEINTRAUB	DIRECTOR	2.00	Director	$0	$0	$0
IAN CORDES	DIRECTOR	2.00	Director	$0	$0	$0
DWIGHT CHENETTE	CEO	40.00	Officer	$194,271	$37,809	$232,080
HOLLY VATH	CFO	40.00	Officer	$150,211	$30,376	$180,587
NANCY YARNALL	DIRECTOR OF CONSUMER CARE	40.00	Highest	$119,605	$17,372	$136,977

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	$38,914,740	$37,573,727	$13,634,406	$1,341,013
2023	$38,071,720	$37,038,044	$11,954,925	$1,033,676
2022	$34,862,428	$34,467,256	$12,227,435	$395,172
2021	$30,560,606	$28,228,246	$10,902,436	$2,332,360
2020	$30,132,820	$28,931,131	$11,120,159	$1,201,689
2019	$25,321,167	$25,360,075	$5,104,340	$-38,908
2018	$24,679,712	$24,962,192	$6,139,816	$-282,480
2018	$24,357,605	$24,996,516	$5,971,362	$-638,911

AREA AGENCY ON AGING OF PALM BEACH TREASURE COAST INC