LITCHFIELD BEACHES ASSOCIATION (EIN 237075071) - 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

1967

Legal Domicile

Principal Officer

JOHN MARTIN

Phone

8432379722

Tax Period

2023-01-01 to 2023-12-31

LITCHFIELD BEACHES ASSOCIATION, founded in 1967, is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2023. Net assets of $478K represent 34 months of operating reserves.

Mission

Beach Maintenance

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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 $155,689

Program Service Revenue $0

Investment Income $11,680

Other Revenue $0

TOTAL REVENUE $167,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,751

Other Expenses $170,751

TOTAL EXPENSES $170,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,369	$172,440	0.0%
Expenses	$170,751	$165,561	+0.0%
Net Income	$-3,382	$6,879	-1.5%

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
JOHN MARTIN	PRESIDENT	6	Officer Director	$0	$0	$0
STEVE MINTA	TREASURER	2	Officer Director	$0	$0	$0
BETH ALBRIGHT	SECRETARY	1	Officer Director	$0	$0	$0
LINDY MICKLE	DIRECTOR	1	Director	$0	$0	$0
WALT PRZYGOKI	DIRECTOR	1	Director	$0	$0	$0
TOM MARTIN	DIRECTOR	1	Director	$0	$0	$0
KELLY TOADVINE	DIRECTOR	1	Director	$0	$0	$0
KEVIN CORRIGAN	DIRECTOR	1	Director	$0	$0	$0
HUNTER GARRETT	DIRECTOR	1	Director	$0	$0	$0
GARY GOGGANS	DIRECTOR	1	Director	$0	$0	$0
MICHAEL GOODALL	DIRECTOR	1	Director	$0	$0	$0
PRESTON DAWKINS	DIRECTOR	1	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	No data	No data	No data	No data
2023	$167,369	$170,751	$902,860	$-3,382
2022	$172,440	$165,561	$895,248	$6,879
2021	$142,035	$118,668	$852,244	$23,367
2020	$111,902	$112,051	$812,777	$-149

LITCHFIELD BEACHES ASSOCIATION