LAWRENCE BEACH CLUB INC (EIN 110988860) - 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

1921

Legal Domicile

Principal Officer

ELIZABETH MULLEN

Phone

5162394491

Tax Period

2023-12-01 to 2024-11-30

LAWRENCE BEACH CLUB INC, founded in 1921, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Expenses of $4.8M left a modest 4% surplus.

Mission

THE CLUB OPERATES BEACH AND POOL FACILITIES AND A CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS MEMBERS AND THEIR GUEST.

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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 $0

Program Service Revenue $3,484,015

Investment Income $158,900

Other Revenue $1,326,064

TOTAL REVENUE $4,968,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,626,943

Fundraising Expenses $0

Other Expenses $2,142,206

TOTAL EXPENSES $4,769,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,968,979	$4,611,227	+0.1%
Expenses	$4,769,149	$4,607,581	+0.0%
Net Income	$199,830	$3,646	+53.8%

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

120

Volunteers

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

$285,220

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PRATT	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELIZABETH KNECHTGES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ELIZABETH MULLEN	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM RIZZO	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK FITZPATRICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA ABSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAMIEN QUINN	BOARD MEMBER	2.00	Director	$0	$0	$0
IAN PAISLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL STRADER	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER MCCALLUM	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY HOUSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL ROTHSCHIL	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLAS BURGER	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA FERGUSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRUCE CLOSS	GENERAL MANAGER	40.00	Key Emp	$229,635	$55,585	$285,220
MARGARET MILLER	CONTROLLER	40.00	Highest	$179,731	$23,895	$203,626
KAREN CLOSS	ASSISTANT GENERAL MANAGER	40.00	Highest	$199,442	$17,833	$217,275

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	$4,968,979	$4,769,149	$6,271,148	$199,830
2023	$4,611,227	$4,607,581	$6,148,319	$3,646
2022	$4,356,252	$4,164,901	$5,686,336	$191,351
2021	$3,823,896	$3,753,386	$5,806,483	$70,510
2020	$3,840,061	$3,619,467	$6,500,110	$220,594
2019	$3,900,721	$3,641,906	$5,854,343	$258,815
2018	$3,716,363	$3,559,970	$5,344,810	$156,393

LAWRENCE BEACH CLUB INC