ESPLANADE ASSOCIATION INC (EIN 043550635) - 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

2001

Legal Domicile

Principal Officer

JENNIFER MERGEL

Phone

6172270365

Tax Period

2023-01-01 to 2023-12-31

ESPLANADE ASSOCIATION INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 73% operating margin.

Mission

TO REVITALIZE AND ENHANCE THE CHARLES RIVER ESPLANADE, PRESERVE NATURAL GREEN SPACE AND BUILD COMMUNITY BY PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS FOR EVERYONE.

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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 $8,982,175

Program Service Revenue $0

Investment Income $301,278

Other Revenue $2,500

TOTAL REVENUE $9,285,953

Expense Breakdown

Grants Paid $84,223

Salaries & Benefits $1,185,527

Fundraising Expenses $458,468

Program Expenses $1,722,644

Other Expenses $1,209,191

TOTAL EXPENSES $2,478,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,285,953	$3,880,542	+1.4%
Expenses	$2,478,941	$1,993,602	+0.2%
Net Income	$6,807,012	$1,886,940	+2.6%

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

1195

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
ALEXI CONINE	CHAIR, DIREC	1.00	Officer Director	$0	$0	$0
EMI WINTERER	VICE CHAIR,	1.00	Officer Director	$0	$0	$0
HARVEY BEKER	TREASURER, D	1.00	Officer Director	$0	$0	$0
TOM LEWIS	CLERK, DIREC	1.00	Officer Director	$0	$0	$0
CASEY BAINES	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA DRULEY	DIRECTOR	N/A	Director	$0	$0	$0
ADAM FORKNER	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
MONTEZ HAYWOOD	DIRECTOR	1.00	Director	$0	$0	$0
BOB HEDGES	DIRECTOR	1.00	Director	$0	$0	$0
TERESA KOSTER	DIRECTOR	1.00	Director	$0	$0	$0
GONZAGUE DE MONTRICHARD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE T MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JERYL ORISTAGLIO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LANE OSTROW	DIRECTOR	1.00	Director	$0	$0	$0
TONY PANGARO	DIRECTOR	1.00	Director	$0	$0	$0
JOAN PATTON	DIRECTOR	1.00	Director	$0	$0	$0
CLARE RICHER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINA SAVE	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU SEIDNER	DIRECTOR	1.00	Director	$0	$0	$0
HOPE SIDMAN	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
2024	No data	No data	No data	No data
2023	$9,285,953	$2,478,941	$16,639,526	$6,807,012
2022	$3,880,542	$1,993,602	$9,792,549	$1,886,940
2021	$3,458,484	$1,858,448	$7,930,971	$1,600,036
2020	$2,726,435	$1,639,262	$6,042,522	$1,087,173
2019	$4,388,691	$1,419,871	$4,857,667	$2,968,820
2018	$1,688,330	$1,346,845	$2,015,073	$341,485

ESPLANADE ASSOCIATION INC