ATLANTIC COAST CLUB INC

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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

1984

Legal Domicile

Principal Officer

KERMIT FOSTER

Phone

7575609887

Tax Period

2020-10-01 to 2021-09-30

ATLANTIC COAST CLUB INC, founded in 1984, is a micro nonprofit that reported $54K in total revenue in fiscal year 2020. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $94K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO PROVIDE YOUTH ACTIVITY PROGRAMS THAT WILL PRODUCE A STRONG BODY AND SOUND MIND TO THE PARTICIPANTS. TO PROVIDE MENTORS WHO ENCOURAGE AND STRESS PARTICIPATION OVER CHAMPIONSHIPS. TO IMPRESS THE IMPORTANCE OF VOLUNTEERING AND GIVING BACK TO THE PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $4,585

SUPPORT PROVIDED TO RELIGIOUS, CHARITABLE AND EDUCATIONAL ORGANIZATIONS:NORFOLK STATE ATHLETIC ASSOCIATION $535POP WARNER $250KENTUCKY STATE $100ST JUDES $100NORFOLK REAL DEAL $350TRACK 757 $3,250

Program 2

Expenses: $82,862 Revenue: $50,073

SUPPORT PROVIDED TO TRACK TEAM COMPRISED OF AMATEUR ATHLETES. EXPENSES INCURRED TO PROVIDE TRAINING, ENTRY FEES, TRAVEL AND LODGING FOR ATHLETES. THE ORGANIZATION ALSO PROVIDES SCHEDULING OF TRACK...

SUPPORT PROVIDED TO TRACK TEAM COMPRISED OF AMATEUR ATHLETES. EXPENSES INCURRED TO PROVIDE TRAINING, ENTRY FEES, TRAVEL AND LODGING FOR ATHLETES. THE ORGANIZATION ALSO PROVIDES SCHEDULING OF TRACK AND FIELD PRACTICE AND COMPETITION FOR CHILDREN BETWEEN THE AGES OF EIGHT AND EIGHTEEN THROUGHOUT THE STATE OF VIRGINIA. OVER 700 PEOPLE BENEFITED THIS PAST YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,223

Investment Income $4,179

Other Revenue $3,850

TOTAL REVENUE $54,252

Expense Breakdown

Grants Paid $4,585

Salaries & Benefits $33,937

Fundraising Expenses $0

Program Expenses $87,447

Other Expenses $55,284

TOTAL EXPENSES $93,806

Year-over-Year Comparison

	2020	2019	Change
Revenue	$54,252	$40,702	+0.3%
Expenses	$93,806	$83,132	+0.1%
Net Income	$-39,554	$-42,430	-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

$31,500

Total Directors