SEA ISLAND PROPERTY OWNERS (EIN 237254157) - 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

1972

Legal Domicile

Principal Officer

DOUG MACGINNITIE

Phone

9127716525

Tax Period

2024-11-01 to 2025-10-31

SEA ISLAND PROPERTY OWNERS, founded in 1972, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Expenses of $143K left a modest 3% surplus.

Mission

TO MAINTAIN A LIAISON BETWEEN 600+ RESIDENTIAL COMMUNITY AND ITS OWNER MEMBERS, GLYNN COUNTY, GA AND SEA ISLAND MANAGEMENT.

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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 $127,566

Investment Income $20,107

Other Revenue $0

TOTAL REVENUE $147,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,732

Other Expenses $142,732

TOTAL EXPENSES $142,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,673	$146,058	+0.0%
Expenses	$142,732	$139,762	+0.0%
Net Income	$4,941	$6,296	-0.2%

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
JANIS REHLAENDER	PRESIDENT	1.00	Officer	$0	$0	$0
DAN KELLY	VICE PRESIDE	1.00	Officer	$0	$0	$0
DOUG MACGINNITIE	TREASURER	1.00	Officer	$0	$0	$0
ALICIA LINDGREN	SECRETARY	1.00	Officer	$0	$0	$0
STEVE KERR	ASSISTANT SE	1.00	Officer	$0	$0	$0
SHARON ALTENBACH	DIRECTOR	1.00	Director	$0	$0	$0
HARRY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK BURDICK	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA DEMERE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DUPREE	DIRECTOR	1.00	Director	$0	$0	$0
BEN EASTERLIN	DIRECTOR	1.00	Director	$0	$0	$0
BETH O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN RASSAS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY THOMPSON	DIRECTOR	1.00	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
2025	$147,673	$142,732	$602,327	$4,941
2024	$146,058	$139,762	$597,386	$6,296
2023	$130,972	$134,211	$591,090	$-3,239
2022	$127,360	$105,236	$594,329	$22,124
2021	$127,911	$82,194	$572,205	$45,717
2020	$123,484	$126,001	$526,488	$-2,517
2019	$169,746	$182,230	$529,005	$-12,484
2018	$151,314	$161,408	$541,489	$-10,094

SEA ISLAND PROPERTY OWNERS