OLD GUARD OF GREATER POINT PLEASANT C/O CHASE ADDARIO

EIN: 216018597 Recreation & Sports

POINT PLEASANT BEACH, NJ

Total Revenue
$14,134
Total Expenses
$60,104
Total Assets
$335,236
Net Assets
$335,236
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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
1957
Legal Domicile
NJ
Principal Officer
PHILLIP JONES
Phone
7328999129
Tax Period
2023-01-01 to 2023-12-31

OLD GUARD OF GREATER POINT PLEASANT C/O CHASE ADDARIO, founded in 1957, is a micro nonprofit in the Recreation & Sports sector that reported $14K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $60K exceeded revenue, resulting in a 325% operating deficit.

Mission

TO PROVIDE EVENTS THAT ENCOURAGE RETIREES TO ENGAGE IN MEANINGFUL DIALOGUE AND COGNITIVE DEVELOPMENT TO ENABLE THEM TO HAVE A BETTER QUALITY OF LIFE WHILE ALSO PROVIDEING NEEDED COMMUNITY BETTERMENT

Program Service Accomplishments

Program 1
Expenses: $7,435 Revenue: $3,689

VARIOUS LUNCHEONS, BREAKFAST, AND HOLIDAY CELEBRATIONS.

Program 2
Expenses: $38,000

SCHOLARSHIP AWARDS TO LOCAL HIGH SCHOOL SENIORS THAT ARE COLLEGE BOUND

Program 3
Expenses: $5,000

DONATION OF CASH TO LOCAL CHURCHES OF VARIOUS DENOMINATIONS, LOCAL CHARITIES, AND THE LOCAL FIRST AID SQUAD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $750
Program Service Revenue $3,689
Investment Income $9,695
Other Revenue $0
TOTAL REVENUE $14,134

Expense Breakdown

Grants Paid $43,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,435
Other Expenses $17,104
TOTAL EXPENSES $60,104

Year-over-Year Comparison

2023 2022 Change
Revenue $14,134 $15,180 -0.1%
Expenses $60,104 $68,598 -0.1%
Net Income $-45,970 $-53,418 -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

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Governance

Voting Members
11
Independent Members
11
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
11
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK SOCCI PRESIDENT 0.00
Officer
$0 $0 $0
DAVE MORRIS 1ST VICE PRE 0.00
Officer
$0 $0 $0
RICHARD CAFIERO 2ND VICE PRE 0.00
Officer
$0 $0 $0
ROBERT WEEDEN TREASURER 0.00
Officer
$0 $0 $0
PHILLIP JONES ASSISTANT TR 0.00
Officer
$0 $0 $0
JOSEPH ADDARIO FINANCIAL SE 0.00
Officer
$0 $0 $0
STEVE PIZZELLA SECRETARY 0.00
Officer
$0 $0 $0
EMIL BAROSKA CHAPLIN 0.00
Officer
$0 $0 $0
JACK BREDA TRUSTEE 0.00
Officer
$0 $0 $0
JOSEPH SHANNON TRUSTEE 0.00
Officer
$0 $0 $0
WILLIAM WILHELM TRUSTEE 0.00
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
2023 $14,134 $60,104 $335,236 $-45,970
2022 $15,180 $68,598 $365,623 $-53,418
2021 $17,850 $72,780 $484,310 $-54,930
2020 $19,331 $85,765 $546,442 $-66,434
2019 $87,991 $196,422 $620,899 $-108,431
2018 $30,870 $46,737 $720,944 $-15,867
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