MYSTIC ISLAND COOPERATIVE ASSOC (EIN 237382104) - 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

1956

Legal Domicile

Tax Period

2023-08-01 to 2024-07-31

MYSTIC ISLAND COOPERATIVE ASSOC, founded in 1956, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Expenses of $147K left a modest 4% surplus.

Mission

SOCIAL CLUB FOR MEMBERS

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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 $24,350

Program Service Revenue $270,854

Investment Income $0

Other Revenue $-141,425

TOTAL REVENUE $153,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,976

Other Expenses $146,976

TOTAL EXPENSES $146,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,779	$148,845	+0.0%
Expenses	$146,976	$136,919	+0.1%
Net Income	$6,803	$11,926	-0.4%

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

200

Independent Members

200

Employees

N/A

Volunteers

N/A

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
REBECCA SCHAFFER	RECORDING SECRETARY	10.00	Officer	$0	$0	$0
RUSS GULBERT	TREASURER	20.00	Officer	$0	$0	$0
DON GIBSON	1ST VICE PRESIDENT	5.00	Officer	$0	$0	$0
SAM RENNIE	2ND VICE PRESIDENT	5.00	Officer	$0	$0	$0
PETER SUDADSKI	PRESIDENT	5.00	Key Emp	$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	No data	No data	No data	No data
2024	$153,779	$146,976	$216,370	$6,803
2023	$148,845	$136,919	$209,567	$11,926
2022	$140,767	$116,464	$190,683	$24,303
2021	$234,046	$78,282	$188,480	$155,764
2020	$181,163	$219,261	$194,697	$-38,098
2019	$261,152	$305,201	$209,740	$-44,049

MYSTIC ISLAND COOPERATIVE ASSOC