BEVERLY COVE IMPROVEMENT ASSOCIATI… - Form 990 Financial Data

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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

1921

Legal Domicile

Principal Officer

Kim Dalbon

Phone

9789276095

Tax Period

2024-05-01 to 2025-04-30

BEVERLY COVE IMPROVEMENT ASSOCIATION INC, founded in 1921, is a micro nonprofit that reported $66K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.4M represent 253 months of operating reserves.

Mission

TO BRING TOGETHER NEIGHBORHOOD FAMILIES AND INDIVIDUALS FOR BETTERMENT OF NEIGHBORHOOD

Program Service Accomplishments

Program 1

Expenses: $2,080 Revenue: $2,006

SOCIAL ACTIVITIES TO BRING NEIGHBORS TOGETHER FOR THE BETTERMENT OF THE NEIGHBORHOOD

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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 $4,977

Program Service Revenue $2,096

Investment Income $42,777

Other Revenue $16,630

TOTAL REVENUE $66,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,080

Other Expenses $69,749

TOTAL EXPENSES $69,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,480	$70,643	-0.1%
Expenses	$69,749	$63,051	+0.1%
Net Income	$-3,269	$7,592	-1.4%

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

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
LAURA KNEAREM	DIRECTOR	005.00	Director	$0	$0	$0
BILL RICH	DIRECTOR	005.00	Director	$0	$0	$0
JUDITH YAROSSI	DIRECTOR	005.00	Director	$0	$0	$0
BILL PITTMAN	DIRECTOR	005.00	Director	$0	$0	$0
KEITH KNEAREM	DIRECTOR	005.00	Director	$0	$0	$0
CHARLES NOSS	TRUSTEE	005.00	Director	$0	$0	$0
WALTER RILEY	TRUSTEE	010.00	Director	$0	$0	$0
MARTHA SUTYAK	TRUSTEE	005.00	Director	$0	$0	$0
ANDY COHEN	VICE PRESIDENT	010.00	Officer	$0	$0	$0
JAMIE ETHIER	PRESIDENT	015.00	Officer	$0	$0	$0
KIM DALBON	TREASURER	020.00	Officer	$0	$0	$0
BETSY BULLOCK	SECRETARY	015.00	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
2025	$66,480	$69,749	$1,403,959	$-3,269
2024	$70,643	$63,051	$1,363,406	$7,592
2023	$46,871	$95,568	$1,274,919	$-48,697
2022	$73,845	$56,820	$1,305,927	$17,025
2021	$70,345	$42,417	$1,376,665	$27,928
2020	$43,333	$75,606	$1,242,569	$-32,273
2019	$66,794	$77,892	$1,402,891	$-11,098

BEVERLY COVE IMPROVEMENT ASSOCIATION INC