RADIO ISLAND MARINA CLUB INC (EIN 205727782) - 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

2006

Legal Domicile

Principal Officer

WILLIAM NEWBERN

Phone

2522477580

Tax Period

2024-01-01 to 2024-12-31

RADIO ISLAND MARINA CLUB INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $786K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 15% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE ITS MEMBERS WITH BOAT STORAGE, CLUB HOUSE FACILITIES, RECREATION ACTIVITIES, AND TO ASSIST THEM WITH EMBARKING AND DISEMBARKING THEIR BOATS TO AND FROM THE WATER FROM DRY STACK SLIPS.

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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 $748,200

Investment Income $18,487

Other Revenue $19,088

TOTAL REVENUE $785,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,709

Fundraising Expenses $0

Program Expenses $650,304

Other Expenses $387,228

TOTAL EXPENSES $664,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$785,775	$709,787	+0.1%
Expenses	$664,937	$580,407	+0.1%
Net Income	$120,838	$129,380	-0.1%

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

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
WILLIAM NEWBERN	PRESIDENT	1.00	Officer Director	$0	$0	$0
HARDIN SIGMON	DIRECTOR	0.30	Director	$0	$0	$0
TOMMY BENNETT	DIRECTOR	0.30	Director	$0	$0	$0
DAVID CARPENTER	DIRECTOR	0.30	Director	$0	$0	$0
TIM HARRINGTON	DIRECTOR	0.30	Director	$0	$0	$0
DAVID HILL	DIRECTOR	0.30	Director	$0	$0	$0
JAMES BRANNOCK	DIRECTOR	0.30	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
2024	$785,775	$664,937	$2,571,178	$120,838
2023	$709,787	$580,407	$2,400,496	$129,380
2022	$484,167	$549,887	$1,989,370	$-65,720
2021	$477,258	$578,032	$1,795,869	$-100,774
2020	$428,146	$541,067	$1,884,943	$-112,921
2019	$426,884	$602,320	$1,980,364	$-175,436
2018	$361,989	$518,055	$2,201,993	$-156,066

RADIO ISLAND MARINA CLUB INC