PALM BEACH CULTURAL INNOVATION CENTER (EIN 884398344) - 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

2023

Legal Domicile

Principal Officer

JILL GLAZER

Phone

5615767860

Tax Period

2023-09-01 to 2024-08-31

PALM BEACH CULTURAL INNOVATION CENTER, founded in 2023, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 2512% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.7M, a strong 83% operating margin.

Mission

TO INSPIRE AUDIENCES OF ALL AGES AND DEEPEN HUMAN CONNECTION THROUGH THE ARTS.

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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 $6,905,961

Program Service Revenue $0

Investment Income $1,302

Other Revenue $0

TOTAL REVENUE $6,907,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,446

Fundraising Expenses $0

Program Expenses $444,878

Other Expenses $589,488

TOTAL EXPENSES $1,181,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,907,263	$264,400	+25.1%
Expenses	$1,181,934	$218,064	+4.4%
Net Income	$5,725,329	$46,336	+122.6%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVRAM GLAZER	CHAIRMAN	10.00	Officer Director	$0	$0	$0
JILL GLAZER	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS RODI	TREASURER	10.00	Officer Director	$0	$0	$0
SUSAN HENKIN	SECRETARY	10.00	Officer Director	$0	$0	$0
RENA BLADES	DIRECTOR	1.00	Director	$0	$0	$0
SUZI HERBST	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL MENDELSON	EXECUTIVE DIRECTOR (TO 12/20/23)	10.00	Highest	$187,457	$0	$187,457

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	$6,907,263	$1,181,934	$6,721,593	$5,725,329
2023	$264,400	$218,064	$648,518	$46,336

PALM BEACH CULTURAL INNOVATION CENTER