NORTH HAVEN CASINO

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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

1912

Legal Domicile

Principal Officer

JENS ECKSTEIN

Phone

2078672210

Tax Period

2023-01-01 to 2023-12-31

NORTH HAVEN CASINO, founded in 1912, is a small nonprofit that reported $271K in total revenue in fiscal year 2023. Expenses of $300K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING RECREATIONAL FACILITIES FOR PERMANENT AND SEASONAL RESIDENTS OF AN ISLAND COMMUNITY, AND RUNNING INSTRUCTIONAL PROGRAMS AND COMPETITIONS IN TENNIS AND SAILING FOR BOTH YOUTH AND ADULTS.

Program Service Accomplishments

Program 1

Expenses: $264,892 Revenue: $68,157

THE ORGANIZATION PROVIDED AND MAINTAINED ITS TENNIS AND BOATING RECREATIONAL FACILITIES FROM MEMORIAL DAY UNTIL EARLY OCTOBER, AND RAN YOUTH INSTRUCTIONAL PROGRAMS FOR AN EIGHT-WEEK SEASON IN JULY...

THE ORGANIZATION PROVIDED AND MAINTAINED ITS TENNIS AND BOATING RECREATIONAL FACILITIES FROM MEMORIAL DAY UNTIL EARLY OCTOBER, AND RAN YOUTH INSTRUCTIONAL PROGRAMS FOR AN EIGHT-WEEK SEASON IN JULY AND AUGUST. THE ORGANIZATION RAN SAILBOAT RACING EVENTS FOR YOUTH AND ADULTS, AND A TENNIS TOURNAMENT.

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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 $202,959

Program Service Revenue $66,575

Investment Income $177

Other Revenue $1,582

TOTAL REVENUE $271,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,954

Fundraising Expenses $0

Program Expenses $264,892

Other Expenses $200,456

TOTAL EXPENSES $300,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,293	$279,842	0.0%
Expenses	$300,410	$270,951	+0.1%
Net Income	$-29,117	$8,891	-4.3%

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

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
ALISON CABOT	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE DUPONT	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES EBERHART	DIRECTOR	1.00	Director	$0	$0	$0
JENS ECKSTEIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CECILY EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
BEN HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
JAY HAMMOND	COMMODORE	2.00	Officer Director	$0	$0	$0
WILL HOLMGREN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE HYMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SARAH HYMAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY ISELIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LOGNECKER	VICE COMMODO	1.00	Officer Director	$0	$0	$0
DEIDRE MICHALOPOULOS	CLERK	2.00	Officer Director	$0	$0	$0
WILLIAM MOONEY	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE NORDENSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE SHIATIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
PIERRE DUPONT VI	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	$271,293	$300,410	$734,226	$-29,117
2022	$279,842	$270,951	$763,343	$8,891
2021	$275,902	$235,668	$754,452	$40,234
2020	$181,336	$176,459	$714,218	$4,877
2019	$262,217	$241,352	$709,341	$20,865
2018	$215,739	$219,103	$688,475	$-3,364