THE HEALING AND CREATIVE ARTS CENTER OF THE PALM BEACHES INC (EIN 651122061) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

MAUREEN MIDGE LANSAT

Phone

5616271489

Tax Period

2023-01-01 to 2023-12-31

THE HEALING AND CREATIVE ARTS CENTER OF THE PALM BEACHES INC, founded in 2001, is a small nonprofit in the Mental Health sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum.

Mission

ACHIEVE EMOTIONAL HEALING AND DEVELOPMENT OF SELF ESTEEM THROUGH ARTS, MUSIC & DRAMA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,457

Program Service Revenue $137,209

Investment Income $0

Other Revenue $5,284

TOTAL REVENUE $344,950

Expense Breakdown

Grants Paid $41,591

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,717

Other Expenses $306,126

TOTAL EXPENSES $347,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,950	$195,222	+0.8%
Expenses	$347,717	$248,538	+0.4%
Net Income	$-2,767	$-53,316	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN MIDGE LANSAT	DIRECTOR	5.00	Officer Director	$0	$0	$0
JOEL LANSAT	PRESIDENT	5.00	Officer Director	$0	$0	$0
DEANNE LANSAT	TREASURER	5.00	Officer Director	$0	$0	$0
BILLIE SIEDOW	SECRETARY	5.00	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	$344,950	$347,717	$139,673	$-2,767
2022	$195,222	$248,538	$21,920	$-53,316
2021	$266,977	$193,159	$75,236	$73,818

THE HEALING AND CREATIVE ARTS CENTER OF THE PALM BEACHES INC