THE BOYS AND GIRLS CLUBS OF TH EMERALD COAST FOUNDATION INC

EIN: 203301329 501(c)(3) Youth Development

FORT WALTON BEACH, FL

Total Revenue
$540,577
Total Expenses
$2,279,266
Total Assets
$22,351,302
Net Assets
$22,341,095
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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
2005
Legal Domicile
FL
Principal Officer
SHERVIN RASSA
Phone
8506220602
Tax Period
2024-01-01 to 2024-12-31

THE BOYS AND GIRLS CLUBS OF TH EMERALD COAST FOUNDATION INC, founded in 2005, is a small nonprofit in the Youth Development sector that reported $541K in total revenue in fiscal year 2024. Revenue surged 323% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 322% operating deficit.

Mission

TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATION FUNCTIONS OF THE BOYS AND GIRLS CLUB OF THE EMERALD COAST BY PROVIDING FINANCIAL SUPPORT AND OTHER AID

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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 (2024)

Revenue Breakdown

Contributions & Grants $669
Program Service Revenue $0
Investment Income $539,908
Other Revenue $0
TOTAL REVENUE $540,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,900,904
Other Expenses $2,279,266
TOTAL EXPENSES $2,279,266

Year-over-Year Comparison

2024 2023 Change
Revenue $540,577 $127,720 +3.2%
Expenses $2,279,266 $718,511 +2.2%
Net Income $-1,738,689 $-590,791 +1.9%
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
7
Independent Members
6
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
3
$216,364
Total Directors
7
$216,364
Key Employees
1
$216,364
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD WILKINSON BOARD CHAIRMAN 1
Officer Director
$0 $0 $0
THERI ISAACS DIRECTOR 1
Director
$0 $0 $0
SHIRAZ HOSEIN DIRECTOR 1
Director
$0 $0 $0
K HENDERSON TREASURER 1
Officer Director
$0 $0 $0
PHIL HIGGINS DIRECTOR 1
Director
$0 $0 $0
CLINT ADEN DIRECTOR 1
Director
$0 $0 $0
SHERVIN RASSA ORG PRESIDENT 10
Officer Director Key Emp Highest
$0 $0 $216,364
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 $540,577 $2,279,266 $22,351,302 $-1,738,689
2023 $127,720 $718,511 $23,826,700 $-590,791
2022 $202,595 $571,163 $23,368,283 $-368,568
2021 $473,311 $1,445,859 $24,972,368 $-972,548
2020 $366,080 $1,415,722 $25,546,592 $-1,049,642
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