WESSYNTON MARINE ASSOCIATION (EIN 237108594) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

Paul Sanford

Phone

7032589351

Tax Period

2022-01-01 to 2022-12-31

WESSYNTON MARINE ASSOCIATION, founded in 1969, is a small nonprofit that reported $276K in total revenue in fiscal year 2020. Expenses of $457K exceeded revenue, resulting in a 66% operating deficit.

Mission

To maintain the channel serving the waterfront areas which the corporation leases, or has easements over, to satisfactory working depths and to maintain bulkheads along the waterfront leased by the corporation. The channel is accessible to the public for recreational use.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $27,342

Program Service Revenue $0

Investment Income $3

Other Revenue $40

TOTAL REVENUE $27,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,397

TOTAL EXPENSES $2,397

Year-over-Year Comparison

	2022	2021	Change
Revenue	$27,385	$9,975	+1.7%
Expenses	$2,397	$1,535	+0.6%
Net Income	$24,988	$8,440	+2.0%

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
Paul Sanford	Director and President	10	Officer	$0	$0	$0
James Thiel	Director and Secretary	2	Officer	$0	$0	$0
Stephen Vlach	Director	1	Officer	$0	$0	$0
Julia Miller	Treasurer	1	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
2022	$27,385	$2,397	$51,948	$24,988
2021	$9,975	$1,535	$26,960	$8,440
2020	$275,668	$457,358	$18,520	$-181,690

WESSYNTON MARINE ASSOCIATION