SIASCONSET BEACH PRESERVATION FUND INC

EIN: 043212914 501(c)(3) Environment

NANTUCKET, MA

Total Revenue
$874,565
Total Expenses
$638,081
Total Assets
$3,754,366
Net Assets
$-2,989,454
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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
1993
Legal Domicile
MA
Principal Officer
JOSHUA POSNER
Phone
6175493232
Tax Period
2023-01-01 to 2023-12-31

SIASCONSET BEACH PRESERVATION FUND INC, founded in 1993, is a small nonprofit in the Environment sector that reported $875K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $236K, a strong 27% operating margin.

Mission

TO REDUCE BEACH EROSION BY PROTECTING AND PRESERVING THE SHORELINE OF SIASCONSET BEACH IN NANTUCKET, MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $572,867

VARIOUS EFFORTS TO REDUCE BEACH EROSION BY PROTECTING AND PRESERVING THE SHORELINE OF SIASCONSET BEACH IN NANTUCKET, MASSACHUSETTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $808,213
Program Service Revenue $0
Investment Income $14
Other Revenue $66,338
TOTAL REVENUE $874,565

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,985
Fundraising Expenses $3,797
Program Expenses $572,867
Other Expenses $619,096
TOTAL EXPENSES $638,081

Year-over-Year Comparison

2023 2022 Change
Revenue $874,565 $645,662 +0.4%
Expenses $638,081 $2,699,979 -0.8%
Net Income $236,484 $-2,054,317 -1.1%
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

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Governance

Voting Members
10
Independent Members
8
Employees
1
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA POSNER PRESIDENT 18.00
Officer Director
$0 $0 $0
F HELMUT WEYMAR VICE PRESIDENT/TREASURER 7.00
Officer Director
$0 $0 $0
DOUGLAS HENDRICKSON VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
KERMIT ROOSEVELT CLERK 1.00
Officer Director
$0 $0 $0
ALBERT E LUSSIER JR TRUSTEE 0.10
Director
$0 $0 $0
JOHN OSBORN TRUSTEE 0.10
Director
$0 $0 $0
BRUCE RITTER TRUSTEE 0.10
Director
$0 $0 $0
ELIZABETH SINGER TRUSTEE 0.10
Director
$0 $0 $0
THOMAS TUTTLE TRUSTEE 2.00
Director
$0 $0 $0
MERIDITH MOLDENHAUER TRUSTEE 0.10
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 $874,565 $638,081 $3,754,366 $236,484
2022 $645,662 $2,699,979 $4,125,048 $-2,054,317
2021 $2,648,884 $1,660,279 $4,655,544 $988,605
2020 $1,111,868 $1,547,258 $4,251,529 $-435,390
2019 $1,025,168 $1,723,036 $4,552,548 $-697,868
2018 $1,413,155 $2,100,957 $4,900,701 $-687,802
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