SOUTHPORT AREA ASSOCIATION INC (EIN 066054529) - 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

1961

Legal Domicile

Principal Officer

WILLIAM P RUSSELL

Phone

2034515119

Tax Period

2024-06-01 to 2025-05-31

SOUTHPORT AREA ASSOCIATION INC, founded in 1961, is a small nonprofit that reported $194K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

TO DONATE FUNDS TO THE COMMUNITY OF SOUTHPORT FOR THE BETTERMENT OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $193,924

Other Revenue $0

TOTAL REVENUE $193,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,000

Other Expenses $160,000

TOTAL EXPENSES $160,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,924	$120,329	+0.6%
Expenses	$160,000	$180,020	-0.1%
Net Income	$33,924	$-59,691	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN M BAKER	DIRECTOR	0.00	Director	$0	$0	$0
ALISON BARRY	DIRECTOR/TREASURY	1.00	Officer Director	$0	$0	$0
SANDRA W BISSET	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P BRADLEY	DIRECTOR	0.00	Director	$0	$0	$0
VIRGINIA K CARGILL	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD R EVANS	DIRECTOR	0.00	Director	$0	$0	$0
LORI HASHIZUME	DIRECTOR/SECRETARY	0.00	Officer Director	$0	$0	$0
WILLIAM P RUSSELL JR	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVENS C SHEPPARD	DIRECTOR	0.00	Director	$0	$0	$0
JAMES VOSE	DIRECTOR/VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
KELLEY LAFERRIERE	DIRECTOR	0.00	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
2025	$193,924	$160,000	$1,326,884	$33,924
2024	$120,329	$180,020	$1,292,960	$-59,691
2023	$106,548	$153,010	$1,352,651	$-46,462
2022	$130,974	$100,070	$1,399,113	$30,904
2021	$94,300	$121,560	$1,368,209	$-27,260
2020	$72,048	$81,010	$1,395,469	$-8,962
2019	$88,655	$80,060	$1,404,431	$8,595

SOUTHPORT AREA ASSOCIATION INC