Bike to the Sea Inc

EIN: 043218148 501(c)(3) Recreation & Sports

Malden, MA

Total Revenue
$219,270
Total Expenses
$131,094
Total Assets
$154,749
Net Assets
$154,749
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MA
Phone
7816622130
Tax Period
2025-01-01 to 2025-12-31

Bike to the Sea Inc, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $219K in total revenue in fiscal year 2025. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 40% operating margin.

Mission

Bike to the Sea envisions a culture of care and respect for The Northern Strand Trail, the cities and towns and neighborhood it serves, and for the people of all ages and abilities who wish to use it for transportation, recreation, and joyful outdoor experiences.

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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 (2025)

Revenue Breakdown

Contributions & Grants $213,940
Program Service Revenue $5,300
Investment Income $30
Other Revenue $0
TOTAL REVENUE $219,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,516
Fundraising Expenses $0
Program Expenses $124,599
Other Expenses $29,578
TOTAL EXPENSES $131,094

Year-over-Year Comparison

2025 2024 Change
Revenue $219,270 $129,552 +0.7%
Expenses $131,094 $154,482 -0.2%
Net Income $88,176 $-24,930 -4.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
50

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
11
$0
Key Employees
2
$96,379
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Agnes Recato Program Manager 40.00
Key Emp
$57,407 $8,942 $66,349
Jonah Chiarenza Executive Director 10.00
Key Emp
$30,030 $0 $30,030
Patrick Bibbins President 3.00
Officer Director
$0 $0 $0
Dan Krechmer Vice President 3.00
Officer Director
$0 $0 $0
Gary Chin Treasurer 3.00
Officer Director
$0 $0 $0
Tai Lam Secretary 3.00
Officer Director
$0 $0 $0
Janet Green Board Member 3.00
Director
$0 $0 $0
Pete Sutton Board Member 3.00
Director
$0 $0 $0
Ginny Mullen Board Member 3.00
Director
$0 $0 $0
Susan Ecker Board Member 3.00
Director
$0 $0 $0
Claudia LaFontaine Board Member 3.00
Director
$0 $0 $0
Bob FitzPatrick Board Member 3.00
Director
$0 $0 $0
Jeff Garfinkle Board Member 3.00
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 $219,270 $131,094 $154,749 $88,176
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