Town of Palm Beach United Way Inc

What it reported doing in 2024

BUILD HEALTHIER COMMUNITIES FOR ALL: Investing in health creates a ripple effect that benefits entire communities. When residents have access to quality healthcare, they become more productive, rely less on government services, and reduce the need for expensive long-term care. Healthy children are better equipped to succeed in school, and healthy adults are more likely to maintain stable jobs or secure new employment opportunities.The Town of Palm Beach United Way made a significant impact by investing $1,477,400 into 23 programs in Palm Beach County, focusing on the following critical areas: (continued on Schedule O)Medical and Dental CareMany individuals lack health insurance or struggle to afford co-pays and prescriptions, which prevents them from improving or maintaining their health. This leads to long-term, serious health issues that affect their ability to work, go to school, or live independently. $484,500 was invested in 5 programs, providing care to 11,973 patients.Mental Health SupportMental health challenges are common, but when they evolve into ongoing conditions, they can significantly impair an individual's daily functioning. Early intervention and access to mental health services can prevent the escalation of these issues into more severe problems. $447,500 was invested in 11 programs, serving 16,078 children and adults.Substance Abuse Prevention and TreatmentSubstance abuse not only risks the health of individuals but can also lead to job loss, family breakdowns, and dangerous behaviors. Evidence shows that those who engage in treatment and recovery programs often stop using drugs, reduce criminal behavior, and improve their overall quality of life. $385,000 was invested in 2 programs, helping 555 children and adults. Support for Older Adults and CaregiversSeniors today have different needs and expectations than previous generations. They require programs that allow them to live independently while ensuring financial stability. Caregivers, too, need support to provide a stable environment for their loved ones. $135,400 was invested in 4 programs, benefiting 1,692 seniors and caregivers.Services for People with Disabilities and Special NeedsWhen individuals with disabilities reach adulthood, they often "age out" of the services that helped them maintain independence. These individuals need continued access to programs that support independent living, financial security, and overall stability. $25,000 was invested in 1 program, serving 44 children and adults.By prioritizing these health and social services, the Town of Palm Beach United Way is fostering a healthier, more resilient community, one investment at a time.

Financial Efficiency

• Mission deployment rate: 79.8%; rating input score 80
• Program expense ratio: 90.4%; rating input score 90
• Fundraising efficiency: $13.8 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.7%; rating input score 99; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.2%; rating input score 72; 72nd percentile among comparable filings
• Total-asset coverage ratio: 3.19; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
• Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 7% per year; rating input score 100; 45th percentile among comparable filings