BLOCK ISLAND CLUB

EIN: 050208662 501(c)(3) Recreation & Sports

BLOCK ISLAND, RI

Total Revenue
$392,249
Total Expenses
$415,292
Total Assets
$938,329
Net Assets
$915,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
RI
Principal Officer
KRISTIN NEVINS
Phone
4014665939
Tax Period
2024-01-01 to 2024-12-31

BLOCK ISLAND CLUB, founded in 1963, is a small nonprofit in the Recreation & Sports sector that reported $392K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Net assets of $915K represent 28 months of operating reserves.

Mission

THE BLOCK ISLAND CLUB EXISTS FOR THE BENEFIT OF THE ENTIRE ISLAND COMMUNITY, INCLUDING, BUT NOT LIMITED TO, FULL-TIME RESIDENTS OF BLOCK ISLAND, SUMMER RESIDENTS AND VISITORS TO BLOCK ISLAND. ITS PURPOSE IS TO PROMOTE THE GENERAL WELFARE OF THE ISLAND COMMUNITY THROUGH RECREATIONAL AND EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS, INCLUDING, BUT NOT LIMITED TO, SAILING AND SEAMANSHIP, SWIMMING AND WATER SAFETY, TENNIS AND ARTS AND CRAFTS. THE BLOCK ISLAND CLUB FURTHER EXISTS TO PROMOTE AN APPRECIATION OF THE UNIQUE CHARACTER OF BLOCK ISLAND'S NATURAL ENVIRONMENT AMONG CHILDREN AND ADULTS IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $60,367
Program Service Revenue $304,640
Investment Income $7,405
Other Revenue $19,837
TOTAL REVENUE $392,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,102
Fundraising Expenses $0
Program Expenses $378,972
Other Expenses $264,190
TOTAL EXPENSES $415,292

Year-over-Year Comparison

2024 2023 Change
Revenue $392,249 $470,693 -0.2%
Expenses $415,292 $383,124 +0.1%
Net Income $-23,043 $87,569 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
35
Volunteers
15

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
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN NEVINS PRESIDENT 3.00
Officer Director
$0 $0 $0
BRIAN CASEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MEREDITH BERGAN SECRETARY 1.00
Officer Director
$0 $0 $0
BRIAN AMATO TREASURER 3.00
Officer Director
$0 $0 $0
KRISTIN MAHER DIRECTOR 1.00
Director
$0 $0 $0
BAIN TRANSUE DIRECTOR 1.00
Director
$0 $0 $0
ROB CLOSTER JR DIRECTOR 1.00
Director
$0 $0 $0
DARREN GOLDMAN DIRECTOR 1.00
Director
$0 $0 $0
CARIONA DAVIS DIRECTOR 1.00
Director
$0 $0 $0
ALIX WALMSLEY SPALLONE DIRECTOR 1.00
Director
$0 $0 $0
JASON PAGE PAST PRESIDE 1.00
Director
$0 $0 $0
CHRISTOPHER SWIHART PRESIDENT EM 1.00
Director
$0 $0 $0
JAMES SPALLONE PRESIDENT EM 1.00
Director
$0 $0 $0
CARL KAUFMANN PRESIDENT EM 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 $392,249 $415,292 $938,329 $-23,043
2023 $470,693 $383,124 $966,710 $87,569
2022 $407,040 $341,855 $873,569 $65,185
2021 $561,137 $335,630 $808,384 $225,507
2020 $329,475 $255,950 $584,986 $73,525
2019 $285,285 $288,720 $517,565 $-3,435
2018 $291,109 $277,505 $519,389 $13,604
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