PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC (EIN 811955263) - 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

2016

Legal Domicile

Principal Officer

MICHAEL KLUGER

Phone

5613452390

Tax Period

2024-03-01 to 2025-02-28

PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $787K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 87% operating deficit.

Mission

PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC.'S MISSION IS TO PROVIDE SUPPORT TO THE NAVY SEALS, HONOR THEM, AND RAISE FUNDS TO SUPPORT THE ORGANIZATIONS THAT ASSIST THEM (NAVY SEAL FOUNDATION, THE NAVY SEAL MUSEUM, AND TRIDENT HOUSE) BY PLANNING AND EXECUTING A CHARITABLE DINNER AND HOSTING OTHER SIMILAR EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $728,176

Program Service Revenue $0

Investment Income $132

Other Revenue $58,920

TOTAL REVENUE $787,228

Expense Breakdown

Grants Paid $1,110,225

Salaries & Benefits $0

Fundraising Expenses $311,243

Program Expenses $1,110,225

Other Expenses $363,630

TOTAL EXPENSES $1,473,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,228	$940,245	-0.2%
Expenses	$1,473,855	$179,087	+7.2%
Net Income	$-686,627	$761,158	-1.9%

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

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
REBECCA WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
MARGERY MCCLOSKEY	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW SMITH	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL KLUGER	DIRECTOR	10.00	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
2025	$787,228	$1,473,855	$272,774	$-686,627
2024	$940,245	$179,087	$979,119	$761,158
2023	$817,602	$1,276,940	$288,961	$-459,338
2022	$821,169	$174,443	$753,987	$646,726
2021	$44	$78,398	$101,252	$-78,354
2020	$150,800	$1,224,649	$179,606	$-1,073,849
2019	$1,185,837	$80,116	$1,260,495	$1,105,721
2018	$258,774	$1,208,081	$154,774	$-949,307

PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC