HOMER SMITHS DOCKS AND MARINA CLUB… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

TONY M FROST

Phone

2527282944

Tax Period

2024-01-01 to 2024-12-31

HOMER SMITHS DOCKS AND MARINA CLUB INC, founded in 2015, is a small nonprofit that reported $368K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $351K left a modest 5% surplus.

Mission

TO PROVIDE FIRST CLASS WET SLIPS AND BOAT LIFT SLIPS TO THE BOATING COMMUNITY OF BEAUFORT NORTH CAROLINA

Program Service Accomplishments

Program 1

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MANAGE THE MEMBER'S BOAT SLIPS AND LIFTS, AND PROVIDE DOCK MAINTENANCE AND GROUNDS KEEPING. THE CLUB OPERATES IN A MANNER SIMILAR TO A HOMEOWNERS'...

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MANAGE THE MEMBER'S BOAT SLIPS AND LIFTS, AND PROVIDE DOCK MAINTENANCE AND GROUNDS KEEPING. THE CLUB OPERATES IN A MANNER SIMILAR TO A HOMEOWNERS' ASSOCIATION. INCOME COLLECTED IS IN THE FORM OF DUES FROM MEMBERS (OWNERS OF THE CLUB). DUES PAID TO THE CLUB PROVIDE INSURANCE PROTECTION FOR THE PROPERTY AND EQUIPMENT, UTILITIES, GROUNDS KEEPING, PREVENTIVE MAINTENANCE, MANAGEMENT OPERATIONS & OTHER SERVICES.

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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 $367,914

Investment Income $0

Other Revenue $0

TOTAL REVENUE $367,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,633

TOTAL EXPENSES $350,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,914	$296,132	+0.2%
Expenses	$350,633	$292,122	+0.2%
Net Income	$17,281	$4,010	+3.3%

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

177

Independent Members

177

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
TONY M FROST	PRESIDENT	1.00	Officer	$0	$0	$0
TONY M FROST JR	SECRETARY	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
2024	$367,914	$350,633	$22,701	$17,281
2023	$296,132	$292,122	$5,420	$4,010

HOMER SMITHS DOCKS AND MARINA CLUB INC