EDGEMERE BEACH CONDOMINIUM ASSOCIATION INC

EIN: 208715046

Rochester, NY

Total Revenue
$44,404
Total Expenses
$75,847
Total Assets
$9,380
Net Assets
$9,380
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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
2001
Legal Domicile
NY
Principal Officer
Tony Gormican
Phone
5852694065
Tax Period
2025-01-01 to 2025-12-31

EDGEMERE BEACH CONDOMINIUM ASSOCIATION INC, founded in 2001, is a micro nonprofit that reported $44K in total revenue in fiscal year 2025. Expenses of $76K exceeded revenue, resulting in a 71% operating deficit.

Mission

Homeowner Association works with the homeowners to maintain the buildings and property through homeowners association fees and volunteer work of the residents

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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 (2025)

Revenue Breakdown

Contributions & Grants $19,240
Program Service Revenue $0
Investment Income $2
Other Revenue $25,162
TOTAL REVENUE $44,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,809
Other Expenses $75,847
TOTAL EXPENSES $75,847

Year-over-Year Comparison

2025 2024 Change
Revenue $44,404 $42,385 +0.0%
Expenses $75,847 $37,466 +1.0%
Net Income $-31,443 $4,919 -7.4%
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
3
Independent Members
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY GORMCIAN PRESIDENT 4.0
Officer
$0 $0 $0
Angela Serrator Secretary 2.0
Officer
$0 $0 $0
Daniel Stout officer 1.0
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
2025 $44,404 $75,847 $9,380 $-31,443
2024 $42,385 $37,466 $40,823 $4,919
2023 $66,808 $47,529 $35,904 $19,279
2022 $40,214 $37,711 $10,679 $2,503
2021 $34,441 $28,562 $5,946 $5,879
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