POPPONESSET BEACH ASSOC INC

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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

1953

Legal Domicile

Principal Officer

KELLY SPINARD

Phone

5084776755

Tax Period

2024-01-01 to 2024-12-31

POPPONESSET BEACH ASSOC INC, founded in 1953, is a small nonprofit that reported $425K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $364K left a modest 14% surplus.

Mission

TO CARRY ON ACTIVITIES DESIGNED TO PROMOTE THE HEALTH, WELFARE, CIVIC, SOCIAL AND RECREATIONAL BETTERMENT OF THE INHABITANTS OF POPPONESSET.

Program Service Accomplishments

Program 1

Expenses: $364,454 Revenue: $424,808

ORGANIZATION PROVIDES RECREATION, ATHLETIC, SOCIAL AND CIVIC PROGRAMS FOR ALL THE AREA. REPAIR AND MAINTENANCE OF BEACH, BUILDINGS AND GROUNDS. PROVIDES POLICE COVERAGE. REPAIR AND MAINTENANCE OF...

ORGANIZATION PROVIDES RECREATION, ATHLETIC, SOCIAL AND CIVIC PROGRAMS FOR ALL THE AREA. REPAIR AND MAINTENANCE OF BEACH, BUILDINGS AND GROUNDS. PROVIDES POLICE COVERAGE. REPAIR AND MAINTENANCE OF ROADS AND SIGNS FOR THE COMMUNITY.

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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 $378,919

Program Service Revenue $44,031

Investment Income $1,858

Other Revenue $0

TOTAL REVENUE $424,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,006

Fundraising Expenses $0

Program Expenses $364,454

Other Expenses $353,448

TOTAL EXPENSES $364,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,808	$322,390	+0.3%
Expenses	$364,454	$277,350	+0.3%
Net Income	$60,354	$45,040	+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

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
HAROLD CLORAN	DIRECTOR	1.00	Director	$0	$0	$0
SEA CURRY	DIRECTOR	5.00	Director	$0	$0	$0
KATHY CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ORSI	DIRECTOR	1.00	Director	$0	$0	$0
DESMOND KELLY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WILDE	DIRECTOR	1.00	Director	$0	$0	$0
MAZIE COLTON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY SPINARD	TREASURER & CLERK	5.00	Officer	$0	$0	$0
TIM GILDEA	PRESIDENT	5.00	Officer	$0	$0	$0
CONNIE KICKHAM	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DENNIS QUILTY	VICE PRESIDENT	1.00	Officer	$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	$424,808	$364,454	$1,292,223	$60,354
2023	$322,390	$277,350	$1,231,869	$45,040
2022	$327,146	$254,490	$1,186,829	$72,656
2021	$492,588	$244,182	$1,115,205	$248,406
2020	$317,771	$292,027	$886,695	$25,744
2019	$306,929	$241,017	$840,062	$65,912
2018	$313,132	$225,970	$774,157	$87,162