Boys & Girls Club of Palm Springs

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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

1948

Legal Domicile

Principal Officer

Margaret Keung

Phone

7603271304

Tax Period

2023-01-01 to 2023-12-31

Boys & Girls Club of Palm Springs, founded in 1948, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 4% surplus.

Mission

A community youth center located in Palm Springs - with mission to enable and inspire young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.

Program Service Accomplishments

Program 1

Expenses: $1,556,348

Program success is marked by enrollment totals back to pre-covid days, and continuous growth reflects accomplishment in pursuing our mission ? by providing a safe place for them to play and learn...

Program success is marked by enrollment totals back to pre-covid days, and continuous growth reflects accomplishment in pursuing our mission ? by providing a safe place for them to play and learn during critical after school hours, we keep them away from risky behaviors and on track with school work. Most noteworthy was the Boys & Girls Club of Palm Springs grand opening of its Health & Wellness Center, a significant addition to the community. This innovative center serves as the Cannabis Education Center, offering vital programming focused on drug prevention, mental and emotional wellness. By providing resources and support, the center aims to empower youth and families, fostering a healthier, more informed community.

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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 $1,362,509

Program Service Revenue $28,747

Investment Income $99,554

Other Revenue $241,294

TOTAL REVENUE $1,732,104

Expense Breakdown

Grants Paid $167,820

Salaries & Benefits $829,699

Fundraising Expenses $51,995

Program Expenses $1,556,348

Other Expenses $662,832

TOTAL EXPENSES $1,660,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,732,104	$1,264,686	+0.4%
Expenses	$1,660,351	$1,250,629	+0.3%
Net Income	$71,753	$14,057	+4.1%

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

$130,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margaret Keung	CEO	40.00	Officer	$130,384	$0	$130,384
Adam Gilbert	Director	1.00	Director	$0	$0	$0
Athalie LaPamuk	Director	1.00	Director	$0	$0	$0
Patrick Service	Director	1.00	Director	$0	$0	$0
Bib Scott	Director	1.00	Director	$0	$0	$0
Michael Braun	Director	1.00	Director	$0	$0	$0
Brian Grass	Director	1.00	Director	$0	$0	$0
Geoff Kors	Director	1.00	Officer Director	$0	$0	$0
Jeff Keane	Director	1.00	Director	$0	$0	$0
Aftab Dada	Treasurer	1.00	Officer Director	$0	$0	$0
Vickie Culver	Vice President	1.00	Officer Director	$0	$0	$0
Terri Ketover	Director	1.00	Director	$0	$0	$0
Chief Andrew Mills	Director	1.00	Director	$0	$0	$0
William Scheffler	Vice President	1.00	Officer Director	$0	$0	$0
Kevin Corcoran	President	1.00	Officer Director	$0	$0	$0
Dr Jaime Tannenbaum	Director	1.00	Director	$0	$0	$0
Ruth Isaak	Secretary	1.00	Officer Director	$0	$0	$0
Lisa Middleton	Director	1.00	Director	$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	No data	No data	No data	No data
2023	$1,732,104	$1,660,351	$7,961,270	$71,753
2022	$1,264,686	$1,250,629	$7,365,158	$14,057
2021	$1,258,978	$758,859	$7,869,352	$500,119
2020	$754,087	$986,553	$7,169,563	$-232,466
2018	$626,400	$884,148	$6,197,835	$-257,748