Old Black Point Association Inc

EIN: 060625729

Niantic, CT

Total Revenue
$610,347
Total Expenses
$476,556
Total Assets
$1,290,380
Net Assets
$1,227,203
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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
1902
Legal Domicile
CT
Principal Officer
Jim Barra
Phone
8607395974
Tax Period
2023-01-01 to 2023-12-31

Old Black Point Association Inc, founded in 1902, is a small nonprofit that reported $610K in total revenue in fiscal year 2023. The organization ran a surplus of $134K, a strong 22% operating margin.

Mission

To provide various services for the benefit of the Association's membership.

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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 (2023)

Revenue Breakdown

Contributions & Grants $571,481
Program Service Revenue $35,281
Investment Income $3,585
Other Revenue $0
TOTAL REVENUE $610,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,707
Fundraising Expenses $0
Program Expenses $440,051
Other Expenses $416,849
TOTAL EXPENSES $476,556

Year-over-Year Comparison

2023 2022 Change
Revenue $610,347 $571,697 +0.1%
Expenses $476,556 $445,544 +0.1%
Net Income $133,791 $126,153 +0.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
19
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Beck Vice President 1.00
Officer Director
$0 $0 $0
Jim Barra Treasurer 1.00
Officer Director
$0 $0 $0
Marie Groark Governor 1.00
Director
$0 $0 $0
Amy Amaro Governor 1.00
Director
$0 $0 $0
Eileen Fava Secretary 1.00
Officer Director
$0 $0 $0
Rick Platt Governor 1.00
Director
$0 $0 $0
Chris Chandler President 1.00
Officer Director
$0 $0 $0
Stephen Nott Governor 1.00
Director
$0 $0 $0
Charles Tingue Governor 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 No data No data No data No data
2023 $610,347 $476,556 $1,290,380 $133,791
2022 $571,697 $445,544 $1,147,152 $126,153
2021 $410,356 $410,718 $991,757 $-362
2020 $394,981 $337,588 $1,021,179 $57,393
2019 $360,757 $486,809 $937,659 $-126,052
2018 $411,740 $412,291 $1,056,140 $-551
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