SINGING BEACH CLUB INC (EIN 042003755) - 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

1943

Legal Domicile

Principal Officer

RONALD SKATES

Phone

9785264965

Tax Period

2024-01-01 to 2024-12-31

SINGING BEACH CLUB INC, founded in 1943, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

SOCIAL CLUB PROVIDING GOODS AND SERVICES TO ITS MEMBERS

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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 $0

Program Service Revenue $1,308,426

Investment Income $49,876

Other Revenue $410,312

TOTAL REVENUE $1,768,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,097,613

Fundraising Expenses $0

Program Expenses $1,634,542

Other Expenses $853,599

TOTAL EXPENSES $1,951,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,768,614	$1,623,496	+0.1%
Expenses	$1,951,212	$1,763,228	+0.1%
Net Income	$-182,598	$-139,732	+0.3%

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

112

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
RONALD SKATES	PRESIDENT	0.25	Director	$0	$0	$0
FRANCIS M BRADLEY	GOVERNOR	0.25	Director	$0	$0	$0
THEODORE E OBER	GOVERNOR	0.25	Director	$0	$0	$0
ELIZABETH SKATES	GOVERNOR	0.25	Director	$0	$0	$0
CHRISTOPHER PERKIN	GOVERNOR	0.25	Director	$0	$0	$0
RENE WELLES	GOVERNOR	0.25	Director	$0	$0	$0
CAMILLA RICH	SECRETARY	0.25	Director	$0	$0	$0
ARTHUR STEINERT	TREASURER	0.25	Director	$0	$0	$0
RALPH J PONESS	KEY EMPLOYEE - CHEF	20.00	Highest	$128,077	$5,120	$133,197
KRISTOPHER G ROSE	CLUB MANAGER	20.00	Highest	$128,000	$5,123	$133,123

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	$1,768,614	$1,951,212	$3,498,072	$-182,598
2023	$1,623,496	$1,763,228	$3,646,159	$-139,732
2022	$1,600,509	$1,480,811	$3,784,224	$119,698
2021	$1,705,723	$1,555,949	$3,670,652	$149,774
2020	$1,285,122	$1,253,878	$3,537,879	$31,244
2019	$1,473,894	$1,367,461	$3,478,728	$106,433
2018	$2,992,495	$1,179,617	$3,636,318	$1,812,878

SINGING BEACH CLUB INC