Palm Beach First Responders Founda… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

Timothy Moran

Phone

5618208118

Tax Period

2024-01-01 to 2024-12-31

Palm Beach First Responders Foundation Inc, founded in 2021, is a small nonprofit in the Public Safety sector that reported $989K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

To provide Town of Palm Beach Police Department and Fire Department employees with a sponsored retirement plan aimed at retaining employees for the long term.

Program Service Accomplishments

Program 1

Expenses: $940,389

To provide retention benefit to all employees of the Town of Palm Beach Police & Fire Rescue Departments. Help raise awareness throughout the Town of Palm Beach about the retention program and...

To provide retention benefit to all employees of the Town of Palm Beach Police & Fire Rescue Departments. Help raise awareness throughout the Town of Palm Beach about the retention program and benefits provided to the Town of Palm Beach First Responders.

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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 $988,513

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $988,513

Expense Breakdown

Grants Paid $246,683

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $940,389

Other Expenses $714,312

TOTAL EXPENSES $960,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$988,513	$650,017	+0.5%
Expenses	$960,995	$683,034	+0.4%
Net Income	$27,518	$-33,017	-1.8%

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
John F Scarpa	President	1.00	Officer	$0	$0	$0
Michael A Belisle	Vice President	1.00	Officer	$0	$0	$0
Timothy Moran	Second Vice President	1.00	Officer	$0	$0	$0
John WS Preston	Second Vice President	1.00	Officer	$0	$0	$0
Annie Falk	Secretary	1.00	Officer	$0	$0	$0
Matthew K Smith	Treasurer	1.00	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
2025	No data	No data	No data	No data
2024	$988,513	$960,995	$34,868	$27,518
2023	$650,017	$683,034	$22,500	$-33,017
2022	$550,016	$509,649	$40,493	$40,367

Palm Beach First Responders Foundation Inc