AROMA PARK BOATING ASSOCIATION

EIN: 362834024

AROMA PARK, IL

Total Revenue
$151,542
Total Expenses
$215,651
Total Assets
$298,975
Net Assets
$288,048
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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
1957
Legal Domicile
IL
Principal Officer
MARK WHITE
Phone
8155099093
Tax Period
2024-01-01 to 2024-12-31

AROMA PARK BOATING ASSOCIATION, founded in 1957, is a small nonprofit that reported $152K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $216K exceeded revenue, resulting in a 42% operating deficit.

Mission

SOCIAL CLUB. PROVIDING ACTIVITIES FOR MEMBERS AND THIER FAMILIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,447
Program Service Revenue $25,602
Investment Income $1,968
Other Revenue $103,525
TOTAL REVENUE $151,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,332
Fundraising Expenses $0
Other Expenses $171,319
TOTAL EXPENSES $215,651

Year-over-Year Comparison

2024 2023 Change
Revenue $151,542 $128,887 +0.2%
Expenses $215,651 $128,338 +0.7%
Net Income $-64,109 $549 -117.8%
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

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Governance

Voting Members
15
Independent Members
5
Employees
7
Volunteers
93

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WHITE COMMODORE N/A
Officer
$0 $0 $0
ADAM MILBURN V-COMMODOREE N/A
Officer
$0 $0 $0
BILL SURPRENAN SECRETARY 30.00
Officer
$0 $0 $0
MARK BILLINGSLEY TREASURER N/A
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
2024 $151,542 $215,651 $298,975 $-64,109
2023 $128,887 $128,338 $288,668 $549
2022 $255,811 $197,843 $299,018 $57,968
2021 $139,569 $96,934 $296,556 $42,635
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