PALM BEACH LITERARY SOCIETY INC

EIN: 650337009 501(c)(3) Arts, Culture & Humanities

NORTH PALM BEACH, FL

Total Revenue
$7,170
Total Expenses
$14,529
Total Assets
$2,239
Net Assets
$2,239
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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
1993
Legal Domicile
FL
Principal Officer
VALISSE K CIEPIELA
Phone
5616224600
Tax Period
2020-01-01 to 2020-12-31

PALM BEACH LITERARY SOCIETY INC, founded in 1993, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PRESENT MONTHLY MEETINGS FOR ITS MEMBERS WHO WILL LISTEN TO AN AUTHOR, POET, PLAYWRIGHT OR SIMILAR LITERARY PERSON WHO WILL DISCUSS THE PERSON'S WORK.

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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 $0
Program Service Revenue $7,170
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,459
Other Expenses $14,529
TOTAL EXPENSES $14,529

Year-over-Year Comparison

2020 2019 Change
Revenue $7,170 $62,601 -0.9%
Expenses $14,529 $72,735 -0.8%
Net Income $-7,359 $-10,134 -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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY BUIST PRESIDENT 1.00
Director
$0 $0 $0
VALISSE K CIEPIELA SECRETARY 2.00
Director
$0 $0 $0
ELIZABETH FEDELE DIRECTOR 1.00
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
2020 $7,170 $14,529 $2,239 $-7,359
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