LONG COVE BOAT CLUB INC (EIN 465743589) - 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

2014

Legal Domicile

Principal Officer

BRAD CRAWFORD

Phone

2142204911

Tax Period

2023-01-01 to 2023-12-31

LONG COVE BOAT CLUB INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $541K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $282K, a strong 52% operating margin.

Mission

THE PURPOSE OF LONG COVE BOAT CLUB, INC. IS TO OWN AND OPERATE A FLEET OF HIGH-QUALITY BOATS AND RELATED GEAR AND EQUIPMENT FOR THE BENEFIT OF ITS MEMBERS AND TO BRING TOGETHER THE MEMBERS SOCIALLY TO ENJOY THE WATERCRAFT AND RELATED SPORTS.

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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 $0

Program Service Revenue $429,700

Investment Income $110,929

Other Revenue $0

TOTAL REVENUE $540,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $258,521

Other Expenses $258,521

TOTAL EXPENSES $258,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,629	$455,346	+0.2%
Expenses	$258,521	$208,859	+0.2%
Net Income	$282,108	$246,487	+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

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
BRAD CRAWFORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN CHANEY	DIRECTOR	1.00	Director	$0	$0	$0
RHYS BEST	DIRECTOR	1.00	Director	$0	$0	$0
LORI WATUMULL	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA JOHNSON	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$540,629	$258,521	$1,064,370	$282,108
2022	$455,346	$208,859	$786,734	$246,487
2021	$213,885	$174,012	$523,346	$39,873
2020	$147,114	$184,393	$482,020	$-37,279
2019	$268,936	$162,864	$519,299	$106,072

LONG COVE BOAT CLUB INC