KENNEBUNK BEACH IMPROVEMENT ASSOCIATION (EIN 010267877) - Form 990 Financial Analysis & Trantor Score

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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

1910

Legal Domicile

Principal Officer

MATT WALSH

Phone

2079672820

Tax Period

2024-01-01 to 2024-12-31

KENNEBUNK BEACH IMPROVEMENT ASSOCIATION, founded in 1910, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $579K, a strong 33% operating margin.

Mission

KENNEBUNK BEACH IMPROVEMENT ASSOCIATION PROVIDES SUMMER RECREATIONAL AND EDUCATIONAL PROGRAMS.

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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 $984,438

Program Service Revenue $699,236

Investment Income $62,527

Other Revenue $12,775

TOTAL REVENUE $1,758,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $531,808

Fundraising Expenses $36,866

Program Expenses $1,038,805

Other Expenses $647,669

TOTAL EXPENSES $1,179,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,758,976	$1,065,440	+0.7%
Expenses	$1,179,477	$1,071,221	+0.1%
Net Income	$579,499	$-5,781	-101.2%

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

111

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

$66,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BORLAND	DIRECTOR	2.00	Director	$0	$0	$0
DAVE BELANGER	PRESIDENT	2.00	Director	$0	$0	$0
MATT WALSH	TREASURER	2.00	Director	$0	$0	$0
TORY BOIS	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE HILL	DIRECTOR	1.00	Director	$0	$0	$0
DEB PUCKETTE	DIRECTOR	1.00	Director	$0	$0	$0
ZACH CURRY	DIRECTOR	1.00	Director	$0	$0	$0
MATT WARD	VICE PRESIDENT	2.00	Director	$0	$0	$0
NATASHA LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA O'GARR	SECRETARY	2.00	Director	$0	$0	$0
DANIELLE MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA NORIGIAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK RILEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE STELLWAGEN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
AMY WOOLF	DIRECTOR	1.00	Director	$0	$0	$0
MIMI FOX	EXECUTIVE DIRECTOR	30.00	Officer	$66,943	$0	$66,943

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	$1,758,976	$1,179,477	$2,230,256	$579,499
2023	$1,065,440	$1,071,221	$1,603,798	$-5,781
2022	$864,567	$913,810	$1,565,968	$-49,243
2021	$896,686	$821,900	$1,718,660	$74,786
2020	$383,939	$413,767	$1,563,593	$-29,828
2019	$702,685	$708,430	$1,549,575	$-5,745
2018	$710,016	$698,221	$1,484,313	$11,795

KENNEBUNK BEACH IMPROVEMENT ASSOCIATION