ROYAL PALM PLAYERS 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

1992

Legal Domicile

Principal Officer

PETER POWELL

Phone

9419642670

Tax Period

2023-06-01 to 2024-05-31

ROYAL PALM PLAYERS INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $403K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $507K exceeded revenue, resulting in a 26% operating deficit.

Mission

ROYAL PALM PLAYERS IS DEDICATED TO PROVIDING BOCA GRANDE AND SURROUNDING COMMUNITIES WITH OUTSTANDING LIVE THEATER AND DRAMA EDUCATION IN ORDER TO CREATE A DEEPER SENSE OF COMMUNITY, PROVIDE GRIST FOR THOUGHTFULL DISCUSSION, AND ENRICH THE QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $425,507 Revenue: $138,075

EACH YEAR, ROYAL PALM PLAYERS OFFERS QUALITY LIVE ENTERTAINMENT BY STAGING A SEASON OF DRAMAS, MYSTERIES, COMEDIES, MUSICALS, AND DRAMATIC READINGS THAT PROVIDE OUTSTANDING COMMUNITY THEATER TO THE...

Program 2

ROYAL PALM PLAYERS STRIVES TO SUPPORT LOCAL TALENTS BY CONSISTENTLY CASTING COMMUNITY MEMBERS IN THEIR PRODUCTIONS, AS WELL AS UTILIZING LOCAL COMMUNITY MEMBERS AS DIRECTORS, PRODUCTION ARTISTS, SET...

Program 3

TO FURTHER EDUCATE AND ENHANCE LOCAL TALENTS, ROYAL PALM PLAYERS PROVIDES CLASSES AND WORKSHOPS, SUCH AS THE KIDS DRAMA CLUB, AND SUPPORTS ANNUAL FIELD TRIPS TO NON-LOCAL DRAMA EVENTS. ROYAL PALM...

TO FURTHER EDUCATE AND ENHANCE LOCAL TALENTS, ROYAL PALM PLAYERS PROVIDES CLASSES AND WORKSHOPS, SUCH AS THE KIDS DRAMA CLUB, AND SUPPORTS ANNUAL FIELD TRIPS TO NON-LOCAL DRAMA EVENTS. ROYAL PALM PLAYERS ALSO PROVIDED FOR LOCAL STUDENTS TO ATTEND A DRAMA PROGRAM SPONSORED BY LEMON BAY PLAYHOUSE. ROYAL PALM PLAYERS HELD ITS OWN KIDS SHOW, WHICH INCLUDED ABOUT 30 LOCAL CHILDREN.

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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 $244,918

Program Service Revenue $138,075

Investment Income $19,548

Other Revenue $0

TOTAL REVENUE $402,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,439

Fundraising Expenses $37,497

Program Expenses $425,507

Other Expenses $307,011

TOTAL EXPENSES $507,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,541	$343,310	+0.2%
Expenses	$507,450	$437,269	+0.2%
Net Income	$-104,909	$-93,959	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER POWELL	PRESIDENT	6.00	Officer Director	$0	$0	$0
BILL WHITNEY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JIM GRANT	TREASURER	4.00	Officer Director	$0	$0	$0
ELAINE SKYPALA	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
FRED ALLARDYCE	DIRECTOR	3.00	Director	$0	$0	$0
TERRY SETIZ	DIRECTOR	3.00	Director	$0	$0	$0
JULIA PIERCE	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA NIELSEN	DIRECTOR	3.00	Director	$0	$0	$0
ERICA MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT WISE	DIRECTOR	3.00	Director	$0	$0	$0
SARAH MCDONALD	DIRECTOR	3.00	Director	$0	$0	$0
ALICE COURT	DIRECTOR	3.00	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	$402,541	$507,450	$931,027	$-104,909
2023	$343,310	$437,269	$922,511	$-93,959
2022	$554,127	$396,855	$973,614	$157,272
2021	$195,091	$218,101	$853,870	$-23,010
2020	$512,715	$340,297	$701,493	$172,418
2019	$265,773	$264,864	$586,815	$909