MISQUAMICUT BUSINESS ASSOCIATION (EIN 050462666) - 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

2000

Legal Domicile

Principal Officer

CASWELL COOKE JR

Tax Period

2023-01-01 to 2023-12-31

MISQUAMICUT BUSINESS ASSOCIATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE MISQUAMICUT BEACH AREA THROUGH VARIOUS EVENTS AND FUNCTIONS OPEN TO THE GENERAL PUBLIC. THE ASSOCIATION CONSIDERS AND ADDRESSES COMMON PROBLEMS INVOLVED IN OPERATING A BUSINESS IN THE MISQUAMICUT BEACH AREA AND TO SECURE COOPERATIVE ACTION IN ADVANCING COMMON PURPOSES OF THE MEMBERS OF THE ASSOCIATION.

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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 $40,601

Program Service Revenue $5,850

Investment Income $0

Other Revenue $154,357

TOTAL REVENUE $200,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,038

Fundraising Expenses $49,677

Other Expenses $88,447

TOTAL EXPENSES $237,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,808	$224,133	-0.1%
Expenses	$237,485	$216,022	+0.1%
Net Income	$-36,677	$8,111	-5.5%

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

Governance

Voting Members

Independent Members

Employees

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

$52,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASWELL COOKE JR	EXECUTIVE DI	40.00	Director	$52,400	$0	$52,400
CHARLES TREFES	PRESIDENT	8.00	Officer	$0	$0	$0
ROBERT BARBER	SECRETARY	8.00	Officer	$0	$0	$0
TIM BRENNAN	VICE PRESIDE	8.00	Officer	$0	$0	$0
THOMAS JASULAVIC	BOARD MEM. A	2.50	Director	$0	$0	$0
MIKE GRANIERI	ASSOC BOARD	2.50	Director	$0	$0	$0
REBECCA COLUCCI	BOARD MEMBER	2.50	Director	$0	$0	$0
WALTER PAWELKIEWICZ	ASSOC BOARD	2.50	Director	$0	$0	$0
REBECCA GREENE	ASSOC. BOARD	20.00	Director	$0	$0	$0
NUZIO DIMARCO	BOARD MEMBER	2.50	Director	$0	$0	$0
GARRY ALGIERE	TREASURER	2.50	Officer	$0	$0	$0
FRANK ALGIERE	ALLIED BOARD	2.50	Director	$0	$0	$0
DAN ASHWORTH	ALLIED BOARD	2.50	Director	$0	$0	$0
JOSEPH TAUNTON	BOARD MEMBER	2.50	Director	$0	$0	$0
TAMMY JOSLIN	ALLIED BOARD	2.50	Director	$0	$0	$0
RACHEL DOYLE	ASSOC BOARD	2.50	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	$200,808	$237,485	$9,407	$-36,677
2022	$224,133	$216,022	$46,169	$8,111
2021	$203,904	$190,522	$38,058	$13,382
2020	$251,763	$229,715	$24,591	$22,048
2019	$290,648	$293,804	$2,543	$-3,156
2018	$319,950	$316,828	$11,100	$3,122

MISQUAMICUT BUSINESS ASSOCIATION