INLET PUBLICPRIVATE ASSOCIATION I LET (EIN 222937095) - 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

1998

Legal Domicile

Principal Officer

CHRISTOPHER MCCLAIN

Phone

6094491360

Tax Period

2025-01-01 to 2025-12-31

INLET PUBLICPRIVATE ASSOCIATION I LET, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $458K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $430K left a modest 6% surplus.

Mission

PROMOTE DEVELOPMENT TO THE ATLANTIC CITY "INLET" AREA

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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 (2025)

Revenue Breakdown

Contributions & Grants $297,771

Program Service Revenue $116,935

Investment Income $8,694

Other Revenue $34,922

TOTAL REVENUE $458,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,033

Fundraising Expenses $3,193

Program Expenses $365,322

Other Expenses $232,900

TOTAL EXPENSES $429,933

Year-over-Year Comparison

	2025	2024	Change
Revenue	$458,322	$766,542	-0.4%
Expenses	$429,933	$687,153	-0.4%
Net Income	$28,389	$79,389	-0.6%

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

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
EVELYN CONCEPCION	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM CRADLE	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
PATRICIA FINERAN	TRUSTEE	0.50	Director	$0	$0	$0
JAMIE HOAGLAND	SECRETARY	0.50	Officer Director	$0	$0	$0
SAMANTHA KILEY	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER MCCLAIN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
VICTOR M MORENO	TRUSTEE	0.50	Director	$0	$0	$0
ROSEMARIE QUIRK	TREASURER	0.50	Officer Director	$0	$0	$0
EVAN SANCHEZ	TRUSTEE	0.50	Director	$0	$0	$0
MAUREEN SHAY	TRUSTEE	0.50	Director	$0	$0	$0
DENISE TINUCCI	TRUSTEE	0.50	Director	$0	$0	$0
LIBBIE WILLS	TRUSTEE	0.50	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
2025	$458,322	$429,933	$431,744	$28,389
2024	$766,542	$687,153	$606,993	$79,389
2023	$264,092	$255,577	$571,001	$8,515
2022	$270,018	$264,834	$306,013	$5,184
2021	$298,211	$239,238	$303,391	$58,973
2020	$164,390	$210,361	$264,351	$-45,971
2019	$235,563	$231,160	$278,435	$4,403
2018	$240,095	$241,493	$277,122	$-1,398

INLET PUBLICPRIVATE ASSOCIATION I LET