PALM BEACH NORTH ATHLETIC FOUNDATION INC (EIN 822416593) - 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

2017

Legal Domicile

Principal Officer

MICHAEL WINTER

Phone

5612424393

Tax Period

2024-01-01 to 2024-12-31

PALM BEACH NORTH ATHLETIC FOUNDATION INC, founded in 2017, is a community nonprofit in the Recreation & Sports sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 1374900% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 98% operating margin.

Mission

THE MISSION IS TO DEVELOP AND OPERATE A WORLD-CLASS INDOOR COMMUNITY RECREATION FACILITY, PROVIDING PEOPLE OF ALL AGES AND ABILITIES A SAFE, STATE-OF-THE-ART ENVIRONMENT TO HELP THEM ACHIEVE THEIR GOALS AND DEVELOP THE SKILLS NEEDED FOR SUCCESS IN LIFE.

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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 $2,750,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,750,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $571

Other Expenses $58,689

TOTAL EXPENSES $58,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,750,000	$200	+13749.0%
Expenses	$58,689	$66,100	-0.1%
Net Income	$2,691,311	$-65,900	-41.8%

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
TUCKER FREDERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BERES III	TREASURER	5.00	Officer Director	$0	$0	$0
ROB LAFERRIERE	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON P MCCARTY	DIRECTOR	2.00	Director	$0	$0	$0
TARA MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ROBBINS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL WINTER	CEO	10.00	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	$2,750,000	$58,689	$2,969,190	$2,691,311
2023	$200	$66,100	$277,879	$-65,900
2022	$369,304	$116,650	$343,779	$252,654
2021	$235,499	$231,051	$91,125	$4,448
2020	$273,957	$256,809	$86,677	$17,148

PALM BEACH NORTH ATHLETIC FOUNDATION INC