BEACH CLUB OF CAPE MAY INC (EIN 221769099) - 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

1938

Legal Domicile

Principal Officer

AL BEALE

Phone

6098847163

Tax Period

2023-01-01 to 2023-12-31

BEACH CLUB OF CAPE MAY INC, founded in 1938, is a small nonprofit that reported $507K in total revenue in fiscal year 2023. Expenses of $573K exceeded revenue, resulting in a 13% operating deficit.

Mission

SOCIAL CLUB WITH A PRIVATE BEACH THERE ARE A NUMBER OF SOCIAL EVENTS DURING THE SUMMER INCLUDING PARTIES AND COOKOUTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $407,980

Program Service Revenue $0

Investment Income $117

Other Revenue $98,651

TOTAL REVENUE $506,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,756

Fundraising Expenses $0

Other Expenses $241,886

TOTAL EXPENSES $572,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,748	$471,140	+0.1%
Expenses	$572,642	$472,744	+0.2%
Net Income	$-65,894	$-1,604	+40.1%

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

395

Independent Members

395

Employees

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
BRIAN CARNECCHIA	PRESIDENT	10.00	Officer	$0	$0	$0
JOE GRASSO	1ST VICE PRESIDENT	10.00	Officer	$0	$0	$0
EMILY MOORE	2ND VICE PRESIDENT	10.00	Officer	$0	$0	$0
SARAH HUDSON	TREASURER	10.00	Officer	$0	$0	$0
WARREN CLAYTOR	SECRETARY	10.00	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
2024	No data	No data	No data	No data
2023	$506,748	$572,642	$1,277,927	$-65,894
2022	$471,140	$472,744	$1,343,770	$-1,604
2021	$453,943	$454,195	$1,346,265	$-252
2020	$429,630	$349,511	$1,345,142	$80,119

BEACH CLUB OF CAPE MAY INC