PALM BEACH HARVEST INC (EIN 900508579) - 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

1998

Legal Domicile

Principal Officer

DEBORAH MORGAN

Phone

5613106641

Tax Period

2024-01-01 to 2024-12-31

PALM BEACH HARVEST INC, founded in 1998, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $284K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $53K, a strong 18% operating margin.

Mission

FOOD RESCUE AND DISTRIBUTION SERVICES FOR PALM BEACH COUNTY FLORIDA. PROVIDING RESCUED SURPLUS FOOD FOR FOOD BANKS, CHURCHES AND OTHER NONPROFIT ORGANIZATIONS -- RESCUING MILLIONS OF POUNDS OF FOOD ANNUALLY.

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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 $284,132

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $284,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,500

Fundraising Expenses $33,391

Program Expenses $154,584

Other Expenses $143,870

TOTAL EXPENSES $231,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,132	$349,848	-0.2%
Expenses	$231,629	$350,184	-0.3%
Net Income	$52,503	$-336	-157.3%

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

$84,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH MORGAN	PRESIDENT	50.00	Officer	$84,700	$0	$84,700
LARRY WAYNE GORSUCH	DIRECTOR	N/A	Officer	$0	$0	$0
SAMUEL JEAN	PRESIDENT	N/A	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	$284,132	$231,629	$100,613	$52,503
2023	$349,848	$350,184	$50,366	$-336

PALM BEACH HARVEST INC