BAY HEAD IMPROVEMENT ASSOCIATION INC (EIN 210403202) - 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

1932

Legal Domicile

Principal Officer

THOMAS P GAGE

Phone

7328924179

Tax Period

2024-01-01 to 2024-12-31

BAY HEAD IMPROVEMENT ASSOCIATION INC, founded in 1932, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OPERATION OF BATHING BEACHES IN BAY HEAD NEW JERSEY

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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 $1,053,918

Program Service Revenue $0

Investment Income $42,181

Other Revenue $0

TOTAL REVENUE $1,096,099

Expense Breakdown

Grants Paid $11,725

Salaries & Benefits $700,897

Fundraising Expenses $0

Other Expenses $429,193

TOTAL EXPENSES $1,141,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,096,099	$950,659	+0.2%
Expenses	$1,141,815	$976,146	+0.2%
Net Income	$-45,716	$-25,487	+0.8%

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
WILLIAM T GAGE	PRESIDENT	5.00	Officer	$0	$0	$0
ELLEN ACKERSTEN	SECRETARY	5.00	Officer	$0	$0	$0
KURT ACKERSTEN	TRUSTEE	5.00	Director	$0	$0	$0
PETER MCMANN	TRUSTEE	5.00	Director	$0	$0	$0
PAUL BENZIGER JR	TRUSTEE	5.00	Director	$0	$0	$0
CARL ECKERT	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD RAFETTO	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM FORTENBAUGH	TRUSTEE	5.00	Director	$0	$0	$0
PETER HARRINGTON	TRUSTEE	5.00	Director	$0	$0	$0
BENJAMIN DENIHAM	TRUSTEE	5.00	Director	$0	$0	$0
ART JANKULOW	TRUSTEE	5.00	Director	$0	$0	$0
EDMUND KAPPY	TRUSTEE	5.00	Director	$0	$0	$0
F GERARD CHESTERMAN	TREASURER	5.00	Officer	$0	$0	$0
RICHARD B WILLIAMS	TRUSTEE	5.00	Director	$0	$0	$0
LARRY BATHGATE	TRUSTEE	N/A		$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	$1,096,099	$1,141,815	$680,272	$-45,716
2023	$950,659	$976,146	$732,479	$-25,487
2022	$928,335	$869,062	$732,108	$59,273
2021	$1,035,334	$888,649	$726,692	$146,685
2020	$838,212	$740,641	$578,684	$97,571

BAY HEAD IMPROVEMENT ASSOCIATION INC