ASSEMBLY OF SPOKEN WORD OF PALM BE… - 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

ANCENE PAUL DR

Phone

5615376562

Tax Period

2024-01-01 to 2024-12-31

ASSEMBLY OF SPOKEN WORD OF PALM BEACH INC, founded in 2021, is a micro nonprofit in the Religion sector that reported $48K in total revenue in fiscal year 2024. Expenses of $45K left a modest 7% surplus.

Mission

THE NBSP;ORGANIZATION NBSP;IS NBSP;ORGANIZED NBSP;EXCLUSIVELY NBSP;FOR NBSP;CHARITABLE NBSP;RELIGIOUS NBSP;EDUCATIONAL NBSP;AND NBSP;SCIENTIFIC NBSP;PURPOSES NBSP;INCLUDING NBSP;FOR NBSP;SUCH NBSP;PURPOSES NBSP;THE NBSP;MAKING NBSP;OF NBSP;DISTRUBUTIONS NBSP;TO NBSP;ORGANIZATIONS NBSP;THAT NBSP;QUALIFY NBSP;AS NBSP;EXEMPT NBSP;ORGANIZATIONS NBSP;UNDER NBSP;501(C3) NBSP;OF NBSP;THE NBSP;IRS NBSP;CODE NBSP;OR NBSP;CORRESPONDING NBSP;SECTION NBSP;OF NBSP;ANY NBSP;FUTURE NBSP;FEDERAL NBSP;TAX NBSP;CODE

Program Service Accomplishments

Program 1

Expenses: $44,955 Revenue: $48,448

NO DISTRIBUTIONS WERE MADE.

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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 $48,448

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $48,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,955

Other Expenses $44,955

TOTAL EXPENSES $44,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,448	N/A	N/A
Expenses	$44,955	N/A	N/A
Net Income	$3,493	N/A	N/A

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

N/A

Independent Members

N/A

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
PAUL ANCENE	PRESIDENT	N/A	Officer	$0	$0	$0
PAUL LAROUSSE	VP	N/A	Officer	$0	$0	$0
EUGENIE DAUT	DIRECTOR	N/A	Officer	$0	$0	$0
YOSELINE D ANCENE	SECRETARY	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	$48,448	$44,955	No data	$3,493
2023	$32,145	$33,861	No data	$-1,716
2022	$16,239	$13,655	$2,584	$2,584

ASSEMBLY OF SPOKEN WORD OF PALM BEACH INC