THE SEASIDE CLUB OF PLYMOUTH MASSACHUSETTS (EIN 046065174) - 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

1993

Legal Domicile

Principal Officer

JAMES LATOSEK

Phone

5087468913

Tax Period

2023-01-01 to 2023-12-31

THE SEASIDE CLUB OF PLYMOUTH MASSACHUSETTS, founded in 1993, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND TO CONTRIBUTE TO OTHER NON PROFIT COMMUNITY & CIVIC ORGANIZATIONSTO PROVIDE A MEETING PLACE FOR MEMBERS TO SOCIALIZE AND PROMOTE THE SPORT OF BOCCE.

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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 $0

Program Service Revenue $16,507

Investment Income $11,660

Other Revenue $159,526

TOTAL REVENUE $187,693

Expense Breakdown

Grants Paid $18,467

Salaries & Benefits $117,158

Fundraising Expenses $0

Program Expenses $190,145

Other Expenses $124,363

TOTAL EXPENSES $259,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,693	$239,469	-0.2%
Expenses	$259,988	$269,583	0.0%
Net Income	$-72,295	$-30,114	+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

$12,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NEIL	DIRECTOR	5.00	Director	$0	$0	$0
STEVE SYLVIA	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM WRIGHT	DIRECTOR	5.00	Director	$0	$0	$0
JERRY GRENNELL	DIRECTOR	5.00	Director	$0	$0	$0
NICK ALLEN	DIRECTOR	5.00	Director	$0	$0	$0
FRED FRIZZELL	PRESIDENT	15.00	Officer	$0	$0	$0
JAMES P LATOSEK	TEASURER	20.00	Officer	$9,600	$0	$9,600
COLLIN HIGGENS	SECRETARY/CLERK	15.00	Officer	$3,200	$0	$3,200
RICK PACHECO	VICE PRESIDENT	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$187,693	$259,988	$703,133	$-72,295
2022	$239,469	$269,583	$726,967	$-30,114
2021	$242,444	$203,227	$903,769	$39,217
2020	$194,949	$209,984	$798,561	$-15,035
2019	$301,102	$250,089	$740,116	$51,013
2018	$297,260	$247,370	$636,699	$49,890

THE SEASIDE CLUB OF PLYMOUTH MASSACHUSETTS