Life Span of Palm Beach County Inc (EIN 650422424) - 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

1993

Legal Domicile

Principal Officer

PERRY MITCHELL

Phone

5618821724

Tax Period

2023-01-01 to 2023-12-31

Life Span of Palm Beach County Inc, founded in 1993, is a small nonprofit in the Human Services sector that reported $841K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

QUALITY COMMUNITY CHILD CARE

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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 $0

Program Service Revenue $840,127

Investment Income $809

Other Revenue $0

TOTAL REVENUE $840,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $644,499

Fundraising Expenses $0

Program Expenses $698,407

Other Expenses $252,813

TOTAL EXPENSES $897,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$840,936	$921,744	-0.1%
Expenses	$897,312	$824,938	+0.1%
Net Income	$-56,376	$96,806	-1.6%

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

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

$350,000

Total Directors

$350,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY L MITCHELL	Executive Dir.	40.00	Officer Director	$350,000	$0	$350,000
ALICIA BURBAGE	Vice President	0.00	Officer Director	$0	$0	$0
GRACE SAWYER	Treasurer	0.00	Officer Director	$0	$0	$0
BEVERLY SAWYER	OFFICER	0.00	Officer Director	$0	$0	$0
ROWENA ALBURY	Secretary	0.00	Officer Director	$0	$0	$0
ANDERSON LORICK	OFFICER	0.00	Officer Director	$0	$0	$0
NOAH WINGATE	President	0.00	Officer 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	No data	No data	No data	No data
2023	$840,936	$897,312	$1,601,583	$-56,376
2022	$921,744	$824,938	$1,681,307	$96,806
2021	$920,697	$783,719	$1,666,343	$136,978
2020	$771,909	$822,465	$1,572,661	$-50,556
2019	$790,877	$781,923	$1,591,787	$8,954
2018	$844,027	$796,229	$1,622,625	$47,798

Life Span of Palm Beach County Inc