SILVER BEACH CAROUSEL SOCIETY INC (EIN 383439880) - 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

2000

Legal Domicile

Principal Officer

GUS DAMASKE

Tax Period

2024-01-01 to 2024-12-31

SILVER BEACH CAROUSEL SOCIETY INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $509K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO OPERATE AND MAINTAIN THE SILVER BEACH CAROUSEL AND MUSEUM FOR THE ARTISTIC, EDUCATIONAL, AND ENTERTAINMENT BENEFIT OF ALL.

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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 $146,143

Program Service Revenue $274,246

Investment Income $3,906

Other Revenue $84,905

TOTAL REVENUE $509,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,678

Fundraising Expenses $11,506

Program Expenses $438,400

Other Expenses $370,832

TOTAL EXPENSES $541,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,200	$463,542	+0.1%
Expenses	$541,510	$476,042	+0.1%
Net Income	$-32,310	$-12,500	+1.6%

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
GUS DAMASKE	VP/TREASURER	2.00	Officer Director	$0	$0	$0
PATRICIA FISK	MEMBER	2.00	Director	$0	$0	$0
SUZ SCHALON	PRESIDENT	2.00	Officer 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
2024	$509,200	$541,510	$537,457	$-32,310
2023	$463,542	$476,042	$561,426	$-12,500
2022	$404,548	$331,460	$548,540	$73,088
2021	$236,924	$285,311	$503,758	$-48,387
2020	$101,280	$329,637	$581,481	$-228,357
2019	$528,434	$583,511	$807,968	$-55,077
2018	$528,169	$562,242	$833,865	$-34,073

SILVER BEACH CAROUSEL SOCIETY INC