SOUND BEACH PROPERTY OWNERS ASSOCI… - Form 990 Financial Data

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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

1930

Legal Domicile

Principal Officer

ELIZABETH PAUL-PETRILAK

Phone

6317446684

Tax Period

2022-01-01 to 2022-12-31

SOUND BEACH PROPERTY OWNERS ASSOCIATION INC, founded in 1930, is a small nonprofit in the Community Improvement sector that reported $106K in total revenue in fiscal year 2022. The organization ran a surplus of $18K, a strong 17% operating margin.

Mission

THE SOUND BEACH PROPERTY OWNERS ASSOCIATION (SBPOA) IS A COMMUNITY ORGANIZATION CREATED TO CONSTRUCT AND MAINTAIN A CLUBHOUSE, AS WELL AS TWO MEMBERS-ONLY STAIRCASES ACCESSING THE SBPOA'S MILE AND A HALF OF BEACH FRONT PROPERTY NAMED WEST BEACH AND EAST BEACH.

Program Service Accomplishments

Program 1

Expenses: $79,692

SBPOA HAS BEEN ENTRUSTED WITH THE CARE AND MAINTENANCE OF THE BEACH ACCESS, PARKLAND, AND THE ADJOINING CLUBHOUSE. THE MOST IMPORTANT PART OF SBPOA'S MEMBERSHIP APPEAL IS THE BEACH ACCESS, WHICH IS THE REASON A LARGE PERCENTAGE OF ITS MEMBERSHIP JOINS EACH YEAR. THE STAIRCASES DOWN THE BLUFFS TO THE BEACHES PROVIDE ACCESS TO ONE OF THE LARGEST, MOST BEAUTIFUL PRIVATE BEACHES ON LONG ISLAND'S NORTH SHORE. MEMBERS HAVE ACCRUED DECADES OF MEMORIES FROM SUMMERS SPENT ON THOSE BEACHES WITH FAMILY AND FRIENDS. MEMBERSHIP TO SBPOA PROVIDES EASY BEACH ACCESS FOR SOUND BEACH FAMILIES AND OUT-OF-TOWN VISITORS. SBPOA MAINTAINS FOR ITS MEMBERS ROPED OFF SWIMMING AREAS AT TWO BEACHES WITH LIFEGUARDS DURING THE SUMMER SEASON. IN ADDITION, BENCHES AT THE TOP OF THE SBPOA STAIRS ARE PRIME VIEWING SPOTS FOR SPECTACULAR SUNSETS. OUR PARKLANDS AND STAIRCASES TO THE BEACH BELONG TO SBPOA AND ARE USABLE BY ITS MEMBERS AND GUESTS. THE FACILITIES OF SBPOA ARE MAINTAINED ONLY THROUGH MEMBERSHIP DUES. THEREFORE, ONLY MEMBERS AND NON-RESIDENT GUESTS ARE PERMITTED TO USE THEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $86,367

Program Service Revenue $0

Investment Income $0

Other Revenue $19,580

TOTAL REVENUE $105,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,692

Other Expenses $86,588

TOTAL EXPENSES $87,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$105,947	N/A	N/A
Expenses	$87,773	N/A	N/A
Net Income	$18,174	$0	N/A

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

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
LIZA MURPHY	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
DOROTHY FARRELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
MILES FARRELL	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
ELIZABETH PAUL-PETRILAK	TREASURER	6.00	Officer Director	$0	$0	$0
PATRICIA GROVE	FINANCIAL SECRETARY	8.00	Officer Director	$0	$0	$0
JANICE VAIL	SECRETARY	3.00	Officer Director	$0	$0	$0
RICHARD ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
CINDY DELUCA	MEMBERSHIP; BEACH STEWARD	3.00	Director	$0	$0	$0
GERARD FOLEY	PROPERTY AND MAINTENANCE	3.00	Director	$0	$0	$0
SHALYN GORDON	BEACH COMMISSIONER	4.00	Director	$0	$0	$0
TIM HESSLER	PROPERTY AND MAINTENANCE	3.00	Director	$0	$0	$0
HOPE HILLYER	BOARD MEMBER	4.00	Director	$0	$0	$0
WILLIAM JONES	PROPERTY AND MAINTENANCE	3.00	Director	$0	$0	$0
DANIEL KREVOY	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHLEEN LEHEY	BOARD MEMBER	0.50	Director	$0	$0	$0
LAUREN PERRAZO MCGOVERN	PUBLIC RELATIONS	2.00	Director	$0	$0	$0
DESIREE NIGRO	KAYAK COORDINATOR	3.00	Director	$0	$0	$0
AGNIESZKA OGONOWSKA	PROPERTY AND MAINTENANCE	3.00	Director	$0	$0	$0
PATRICE PERRECA	BEACH COMMISSIONER	4.00	Director	$0	$0	$0
PAUL PICCIOTTI	PROPERTY AND MAINTENANCE	3.00	Director	$0	$0	$0
ALEXANDER SAMUILOV	NEWSLETTER EDITOR	2.00	Director	$0	$0	$0
GEORGE SARANT	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINE SCHUKAT	PROPERTY AND MAINTENANCE	1.00	Director	$0	$0	$0
NICOLE DIONNE-KEHLENBECK	PUBLIC RELATIONS	3.00	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
2022	$105,947	$87,773	$25,528	$18,174

SOUND BEACH PROPERTY OWNERS ASSOCIATION INC