Friends of Harbors Beaches & Parks Inc (EIN 330776377) - 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

1997

Legal Domicile

Principal Officer

Michael Wellborn

Phone

7149288689

Tax Period

2023-01-01 to 2023-12-31

Friends of Harbors Beaches & Parks Inc, founded in 1997, is a small nonprofit in the Environment sector that reported $218K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 35% operating margin.

Mission

To promote, protect and enhance the harbors, beaches, parks, trials, open space, nature preserves and historical sites in Orange County.

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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 $217,865

Program Service Revenue $0

Investment Income $239

Other Revenue $0

TOTAL REVENUE $218,104

Expense Breakdown

Grants Paid $105,724

Salaries & Benefits $0

Fundraising Expenses $5,901

Program Expenses $116,252

Other Expenses $31,201

TOTAL EXPENSES $142,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,104	$128,172	+0.7%
Expenses	$142,826	$69,218	+1.1%
Net Income	$75,278	$58,954	+0.3%

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

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
Michael Wellborn	President	15.00	Officer	$0	$0	$0
Gloria Sefton	Secretary	15.00	Officer	$0	$0	$0
Manny Kiesser	Treasurer	10.00	Officer	$0	$0	$0
Jack Eidt	Boardmember	3.00	Officer	$0	$0	$0
Tina Thompson-Richards	Boardmember	3.00	Officer	$0	$0	$0
Theresa Sears	Boardmember	3.00	Officer	$0	$0	$0
Julie Coffey	Boardmember	3.00	Officer	$0	$0	$0
Kimberly Leeds	Board Member	3.00	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
2023	$218,104	$142,826	$418,510	$75,278
2022	$128,172	$69,218	$336,196	$58,954
2021	$113,806	$140,245	$277,243	$-26,439
2020	$87,143	$123,938	$303,682	$-36,795
2019	$177,524	$168,865	$339,477	$8,659

Friends of Harbors Beaches & Parks Inc