WEST PALM GOLF COMMUNITY TRUST INC (EIN 854141988) - 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

2020

Legal Domicile

Principal Officer

THOMAS FRANKEL

Phone

5617441033

Tax Period

2023-01-01 to 2023-12-31

WEST PALM GOLF COMMUNITY TRUST INC, founded in 2020, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Expenses of $8.4M left a modest 8% surplus.

Mission

THE WEST PALM GOLF COMMUNITY TRUST WILL IMPACT THE LOCAL YOUTH AND FAMILIES OF WEST PALM BEACH THROUGH EDUCATION, MENTORSHIP, AND LIFE SKILLS DEVELOPMENT.

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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 $4,593,287

Program Service Revenue $3,609,599

Investment Income $259

Other Revenue $935,183

TOTAL REVENUE $9,138,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,182,543

Fundraising Expenses $80,133

Program Expenses $5,533,683

Other Expenses $4,243,904

TOTAL EXPENSES $8,426,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,138,328	$9,310,248	0.0%
Expenses	$8,426,447	$493,412	+16.1%
Net Income	$711,881	$8,816,836	-0.9%

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

206

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

Total Directors

Key Employees

$426,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH WAUGH	PRESIDENT	3.00	Officer Director	$0	$0	$0
DIRK ZIFF	DIRECTOR	3.00	Director	$0	$0	$0
DAN STANTON	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS WILLIAMS	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS FRANKEL	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT CONLEY	GENERAL MANAGER	40.00	Key Emp	$381,825	$44,177	$426,002
DAVID ANDREWS	DIRECTOR OF THE PATH	40.00	Highest	$153,037	$34,149	$187,186
FRANCIS O'ROURKE	DIRECTOR OF AGRONOMY	40.00	Highest	$251,398	$37,846	$289,244
CODY SINKLER	DIRECTOR OF GOLF OPERATIONS	40.00	Highest	$142,938	$18,648	$161,586

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	$9,138,328	$8,426,447	$57,644,597	$711,881
2022	$9,310,248	$493,412	$55,414,886	$8,816,836
2021	$28,456,932	$1,761	$30,320,718	$28,455,171

WEST PALM GOLF COMMUNITY TRUST INC