The Wine & Food Society of Palm Beach Inc

Nonprofit profile at a glance

EIN
592529699
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022
Location
Palm Beach, FL, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$114,480
Expenses
$98,331
Assets
$41,387
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • FRANK T PILOTTE (PRESIDENT AND CHAIRMAN OF THE BOARD)
  • PETER LAMELAS (VICE PRESIDENT AND BOARD MEMBER)

People named in this filing

  • FRANK T PILOTTE (PRESIDENT AND CHAIRMAN OF THE BOARD)
  • PETER LAMELAS (VICE PRESIDENT AND BOARD MEMBER)
  • JOHN J PANKAUSKI (SECRETARY AND BOARD MEMBER AND CELLARER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wine & food society of palm beach is an all volunteer social educational group wth currently 21 members. The group promotes, without limitation the art and science of enology and gastronomy for the educational purposes of studying history characteristics and production of wines and the preparation and appropriate pairing with food presented studies and educational demonstrations by recognized individuals.

What it reported doing in 2022

The organization has one service and objective as stated in the description of exempt purpose above. All costs were incurred for that purpose through comparative wine tastings and paired dinners at various venues. Attendance varies somewhat and on occasion includes individuals interested in possible future membership as paying guests. 20 to 30 attendees at a program session.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.9%; rating input score 86
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 14.1%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 79.2% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 59% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 69.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 85.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $98K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.