Old Lyme Beach Club Incorporated

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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

1939

Legal Domicile

Principal Officer

Bruce Anderson

Phone

8604343147

Tax Period

2024-01-01 to 2024-12-31

Old Lyme Beach Club Incorporated, founded in 1939, is a small nonprofit that reported $623K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Seasonal private beach club that promotes recreational and social activities for the exclusive benefit of its members by organizing dining events in addition to the daily use of the beach and facilities.

Program Service Accomplishments

Program 1

Expenses: $606,805 Revenue: $603,610

To promote social and recreational activities exclusively to the members of the beach club and provide facilities for the enjoyment of the same.

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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 $8,190

Program Service Revenue $539,452

Investment Income $6,326

Other Revenue $68,558

TOTAL REVENUE $622,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,950

Fundraising Expenses $0

Program Expenses $606,805

Other Expenses $258,855

TOTAL EXPENSES $606,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$622,526	$568,374	+0.1%
Expenses	$606,805	$522,597	+0.2%
Net Income	$15,721	$45,777	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Schellens	President	2.00	Officer	$0	$0	$0
Bruce Anderson	Vice President, Treasurer	12.00	Officer	$0	$0	$0
Moira Daniells	Secretary	2.00	Officer	$0	$0	$0
Jonathan Heuser	Assistant Treasurer	2.00	Officer	$0	$0	$0
Sloan Danenhower	Director	2.00	Director	$0	$0	$0
Ted Mundy	Director	2.00	Director	$0	$0	$0
Will Bradford	Director	2.00	Director	$0	$0	$0
Jodie Godbout	Director	2.00	Director	$0	$0	$0
Mary Matthews	Director	2.00	Director	$0	$0	$0
Martin Griswold	Director	2.00	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	$622,526	$606,805	$1,175,833	$15,721
2023	$568,374	$522,597	$1,146,521	$45,777
2022	$540,467	$574,554	$1,096,157	$-34,087
2021	$577,014	$561,940	$1,125,784	$15,074
2020	$491,870	$516,679	$1,147,104	$-24,809