KHATIB BRIDGE AND EDUCATION OF PALM CITY INC (EIN 920189559) - 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

2008

Legal Domicile

Principal Officer

Jon Isley

Phone

7722321006

Tax Period

2023-01-01 to 2023-12-31

KHATIB BRIDGE AND EDUCATION OF PALM CITY INC, founded in 2008, is a small nonprofit in the Education sector that reported $146K in total revenue in fiscal year 2023. Expenses of $171K exceeded revenue, resulting in a 17% operating deficit.

Mission

To conduct American Contract Bridge League sanctioned duplicate bridge games and tournaments, and provide contract bridge lessons. The participants will primarily be paying members, but also the games, tournaments and bridge lessons will be open to the public. No unrelated business activity.

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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 $16,710

Program Service Revenue $129,070

Investment Income $100

Other Revenue $0

TOTAL REVENUE $145,880

Expense Breakdown

Grants Paid $21,200

Salaries & Benefits $12,950

Fundraising Expenses $0

Program Expenses $164,145

Other Expenses $136,470

TOTAL EXPENSES $170,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,880	$138,850	+0.1%
Expenses	$170,620	$150,400	+0.1%
Net Income	$-24,740	$-11,550	+1.1%

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

$10,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harry Falk	Manager	20	Key Emp	$10,000	$0	$10,000
Steven Levine	Director and President	0.25	Director	$0	$0	$0
Jon Isley	Director and Treasurer	0.25	Director	$0	$0	$0
William Crandall	Director	0.25	Director	$0	$0	$0
Ann Taylor	Director	0.25	Director	$0	$0	$0
Judy Fleming	Director	0.25	Director	$0	$0	$0
Steven Vendig	Director	0.25	Director	$0	$0	$0
Sally Swing	Director	0.25	Director	$0	$0	$0
Christine Van Leeuwen	manager	20	Key Emp	$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
2023	$145,880	$170,620	$403,510	$-24,740
2022	$138,850	$150,400	$445,548	$-11,550
2021	$142,293	$136,370	$479,056	$5,923
2020	$172,013	$154,046	$499,694	$17,967

KHATIB BRIDGE AND EDUCATION OF PALM CITY INC