Economic Council of Palm Beach Cnty Foundation Inc (EIN 832914565) - 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

2018

Legal Domicile

Principal Officer

Michele Jacobs

Phone

5616841551

Tax Period

2024-01-01 to 2024-12-31

Economic Council of Palm Beach Cnty Foundation Inc, founded in 2018, is a small nonprofit in the Education sector that reported $133K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $158K exceeded revenue, resulting in a 19% operating deficit.

Mission

Our mission is to celebrate and support excellence in education and the (continued on Schedule O) teaching profession in Palm Beach County, and to enhance the civic, cultural, social, and economic well-being of its citizens.

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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 $132,695

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $132,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,000

Fundraising Expenses $0

Program Expenses $146,794

Other Expenses $143,519

TOTAL EXPENSES $157,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,695	$148,171	-0.1%
Expenses	$157,519	$134,708	+0.2%
Net Income	$-24,824	$13,463	-2.8%

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

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

$328,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deana Pizzo	Director	2.00	Director	$0	$0	$0
Michele Jacobs	President	2.00	Officer	$0	$0	$328,561
Mark Elhilow	Board Chair	0.00	Officer	$0	$0	$0
Michael Kohner	Treasurer	2.00	Officer	$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	$132,695	$157,519	$60,039	$-24,824
2023	$148,171	$134,708	$102,183	$13,463
2022	$119,030	$132,768	$75,150	$-13,738
2021	$118,000	$110,414	$91,664	$7,586
2020	$95,500	$97,214	$126,942	$-1,714
2019	$196,824	$117,558	$82,383	$79,266

Economic Council of Palm Beach Cnty Foundation Inc