SCRAGGY NECK RECREATION ASSOCIATION (EIN 042428003) - 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

1927

Legal Domicile

Principal Officer

PAUL GAFFNEY

Phone

5085644622

Tax Period

2023-01-01 to 2023-12-31

SCRAGGY NECK RECREATION ASSOCIATION, founded in 1927, is a small nonprofit that reported $258K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 20% operating margin.

Mission

PROVIDE SECURITY, MAINTENANCE OF ROADS, BEACHES, & TENNIS COURTS FOR MEMBERS OF THE ASSOCIATION

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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 $253,754

Program Service Revenue $0

Investment Income $4,042

Other Revenue $0

TOTAL REVENUE $257,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,626

Other Expenses $206,120

TOTAL EXPENSES $206,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,796	$150,726	+0.7%
Expenses	$206,120	$130,118	+0.6%
Net Income	$51,676	$20,608	+1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE WEBSTER	PRESIDENT/DIRECTOR	1.00	Officer	$0	$0	$0
KATE GAFFNEY	CLERK/DIRECTOR	1.00	Officer	$0	$0	$0
PAUL GAFFNEY	TREASURER/DIRECTOR	1.00	Officer	$0	$0	$0
ELIZABETH MUNRO	VICE-PRESIDENT/DIRECTOR	1.00	Officer	$0	$0	$0
FREDERICK EUSTIS	DIRECTOR	1.00	Director	$0	$0	$0
KENT NICHOLAS	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
2025	No data	No data	No data	No data
2023	$257,796	$206,120	$442,348	$51,676
2023	$258,696	$207,740	$441,627	$50,956

SCRAGGY NECK RECREATION ASSOCIATION