NEWPORT HARBOR ASSOCIATION INC (EIN 341680760) - 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

1991

Legal Domicile

Principal Officer

RANDY MYEROFF

Phone

2162143593

Tax Period

2024-01-01 to 2024-12-31

NEWPORT HARBOR ASSOCIATION INC, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $815K in total revenue in fiscal year 2024. The organization ran a surplus of $171K, a strong 21% operating margin.

Mission

TO ADMINISTER AND MAINTAIN NEWPORT HARBOR, A MARINA DEVELOPMENT IN BRATENAHL, OHIO.

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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 $785,427

Investment Income $29,561

Other Revenue $0

TOTAL REVENUE $814,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,783

Fundraising Expenses $0

Program Expenses $620,412

Other Expenses $371,915

TOTAL EXPENSES $643,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,988	$766,146	+0.1%
Expenses	$643,698	$574,457	+0.1%
Net Income	$171,290	$191,689	-0.1%

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

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
BOB WALLENS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANDY MYEROFF	TREASURER	2.00	Officer Director	$0	$0	$0
BEN BOSWELL	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE MOREK	DIRECTOR	2.00	Director	$0	$0	$0
KIM TRAVARCA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES VOOS	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$814,988	$643,698	$1,516,654	$171,290
2023	$766,146	$574,457	$1,356,642	$191,689
2022	$701,954	$581,092	$1,176,475	$120,862
2021	$921,980	$684,087	$1,084,226	$237,893
2020	$637,995	$546,185	$773,963	$91,810
2019	$637,536	$527,086	$789,557	$110,450
2018	$564,280	$465,876	$790,697	$98,404

NEWPORT HARBOR ASSOCIATION INC