FRIENDS OF THE SPRING LAKE 5 A NEW JERSEY NONPROFIT CORPORATION (EIN 223828552) - 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

2001

Legal Domicile

Principal Officer

WALTER CRAIG

Phone

7329745671

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE SPRING LAKE 5 A NEW JERSEY NONPROFIT CORPORATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $845K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES FOR THE PUBLIC WELFARE BY ORGANIZING AND ADMINISTERING AN ANNUAL FOOT RACE, WITH

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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 $0

Program Service Revenue $823,811

Investment Income $0

Other Revenue $21,026

TOTAL REVENUE $844,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $826,810

Other Expenses $826,810

TOTAL EXPENSES $826,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,837	$816,795	+0.0%
Expenses	$826,810	$814,416	+0.0%
Net Income	$18,027	$2,379	+6.6%

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

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
WALTER CRAIG	TRUSTEE	3.00	Director	$0	$0	$0
PATRICIA BURRUS	TRUSTEE	3.00	Director	$0	$0	$0
KATHLEEN SCOTTO	TRUSTEE	3.00	Director	$0	$0	$0
CYNTHIA LUSTRINO	TRUSTEE	3.00	Director	$0	$0	$0
TOM BURRUS	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD SCIARA	TRUSTEE	3.00	Director	$0	$0	$0
CARLA MARTIN	TRUSTEE	3.00	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
2024	$844,837	$826,810	$88,022	$18,027
2023	$816,795	$814,416	$70,051	$2,379
2022	$699,188	$496,642	$67,673	$202,546
2021	No data	$12,582	$445,019	No data
2020	$2,356	$157,919	$469,667	$-155,563

FRIENDS OF THE SPRING LAKE 5 A NEW JERSEY NONPROFIT CORPORATION