AREA AGENCY ON AGING OF PALM BEACH TREASURE COAST INC

EIN: 650087858 501(c)(3) Human Services

WEST PALM BEACH, FL

Total Revenue
$38,914,740
Total Expenses
$37,573,727
Total Assets
$13,634,406
Net Assets
$5,265,508
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
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

THE AREA AGENCY ON AGING OF PALM BEACH/TREASURE COAST IS A PRIVATE, NON-PROFIT, REGIONAL AGENCY WHOSE MISSION IS TO ADVOCATE, PLAN AND PROMOTE THE INDEPENDENCE, DIGNITY, HEALTH AND WELL-BEING OF SENIORS AND THEIR CAREGIVERS IN A MANNER THAT EMBRACES DIVERSITY AND REFLECTS THE COMMUNITIES WE SERVE ESTABLISHED BY THE OLDER AMERICANS ACT. THE AGENCY ADMINISTERS A NETWORK OF SERVICES FOR THE AGING POPULATION IN PALM BEACH, MARTIN, ST. LUCIE, INDIAN RIVER AND OKEECHOBEE COUNTIES. THE GOAL OF THE AGENCY IS TO MEET THE NUTRITIONAL AND SOCIAL NEEDS OF THE AGING POPULATION. TO CARRY OUT THIS GOAL, THE AGENCY CONDUCTS ANNUAL ASSESSMENTS OF THE NEEDS OF THE ELDERLY POPULATION, DETERMINES RESOURCES AVAILABLE TO SATISFY THESE NEEDS, AND THEN PLANS AND COORDINATES PROGRAMS AVAILABLE TO ALLEVIATE THE IDENTIFIED NEEDS. THE AGENCY AWARDS SERVICE PROVIDER CONTRACTS TO THE APPROPRIATE LOCAL AGENCIES, WHICH PROVIDE THE SERVICE TO THE AGING POPULATION.

Program Service Accomplishments

Program 1
Expenses: $33,668,514

DEPARTMENT OF ELDER AFFAIRS PROGRAMS: 732,540 ELDERS HAD ACCESS TO THE AREA AGENCY WITHIN THE FIVE COUNTY REGION. DURING 2024 THERE WERE 7,117 CLIENTS SERVED WITH HOME AND COMMUNITY BASED SERVICES...

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DEPARTMENT OF ELDER AFFAIRS PROGRAMS: 732,540 ELDERS HAD ACCESS TO THE AREA AGENCY WITHIN THE FIVE COUNTY REGION. DURING 2024 THERE WERE 7,117 CLIENTS SERVED WITH HOME AND COMMUNITY BASED SERVICES, ADULT DAY CARE, COUNSELING, EDUCATION, CONGREGATE MEALS, HOME DELIVERED MEALS, HOMEMAKING, AND TRANSPORTATION. ADDITIONALLY, DURING 2024 SHINE VOLUNTEERS PROVIDED ONE-ON-ONE COUNSELING TO 2,013 SENIORS. THE AGENCY PROVIDED INFORMATION TO 1,314 ELDERS ON ELDER ABUSE PREVENTION. THE HELPLINE ASSISTED 99,536 CLIENTS WITH INFORMATION AND REFERRALS. 11,583 CLIENT ASSESSMENTS COMPLETED.

Program 2
Expenses: $1,527,247

VETERANS CHOICE PROGRAM: IN PARTNERSHIP WITH THE VETERANS ADMINISTRATION MEDICAL CENTER, THE AGENCY ASSISTED 81 VETERANS TO DIRECT THEIR OWN SERVICES AND SUPPORTS. ALLOWS VETERANS TO LIVE MORE...

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VETERANS CHOICE PROGRAM: IN PARTNERSHIP WITH THE VETERANS ADMINISTRATION MEDICAL CENTER, THE AGENCY ASSISTED 81 VETERANS TO DIRECT THEIR OWN SERVICES AND SUPPORTS. ALLOWS VETERANS TO LIVE MORE INDEPENDENTLY IN THEIR COMMUNITIES, AVOIDING COSTLY NURSING HOME PLACEMENT.

Program 3
Expenses: $549,687

FOSTER GRANDPARENTS PROGRAM: THROUGH THE AMERICORPS FOSTER GRANDPARENT PROGRAM, 100 FOSTER GRANDPARENT SENIOR VOLUNTEERS MENTORED AND TUTORED 814 AT-RISK CHILDREN.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
8
Independent Members
8
Employees
91
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
6
$412,667
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
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
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