HOLIDAY BEACH PROPERTY OWNERS ASSOCATION INC (EIN 112469012) - 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

1990

Legal Domicile

Principal Officer

RICHARD HARKIN

Phone

6318786373

Tax Period

2024-01-01 to 2024-12-31

HOLIDAY BEACH PROPERTY OWNERS ASSOCATION INC, founded in 1990, is a small nonprofit that reported $245K in total revenue in fiscal year 2024. Expenses of $340K exceeded revenue, resulting in a 39% operating deficit.

Mission

HOMEOWNERS 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 (2024)

Revenue Breakdown

Contributions & Grants $140,939

Program Service Revenue $100,019

Investment Income $55

Other Revenue $4,318

TOTAL REVENUE $245,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,403

Fundraising Expenses $0

Other Expenses $311,794

TOTAL EXPENSES $340,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,331	$247,556	0.0%
Expenses	$340,197	$230,340	+0.5%
Net Income	$-94,866	$17,216	-6.5%

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

206

Independent Members

206

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
PAUL RAIMONDI	President	20.00	Officer	$0	$0	$0
SEAN O'NEILL	Vice President	8.00	Officer	$0	$0	$0
RICHARD HARKIN	Treasurer	6.00	Officer	$0	$0	$0
SUZANNE JUNK	Secretary-Corre	2.00	Officer	$0	$0	$0
HELEN O'LEARY	Secretary-Recod	2.00	Officer	$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	$245,331	$340,197	$309,151	$-94,866
2023	$247,556	$230,340	$417,385	$17,216
2022	$225,857	$270,110	$398,173	$-44,253
2021	$249,381	$203,637	$440,293	$45,744
2020	$245,921	$249,233	$384,658	$-3,312
2019	$260,124	$293,172	$389,299	$-33,048
2018	$265,889	$211,956	$432,310	$53,933

HOLIDAY BEACH PROPERTY OWNERS ASSOCATION INC