GINGER COVE RESIDENTS CLUB

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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

1990

Legal Domicile

Principal Officer

TOM SMITH

Phone

4102667300

Tax Period

2024-07-01 to 2025-06-30

GINGER COVE RESIDENTS CLUB, founded in 1990, is a small nonprofit in the Human Services sector that reported $483K in total revenue in fiscal year 2024. Revenue surged 471% from the prior year, signaling strong growth momentum. Expenses of $433K left a modest 10% surplus.

Mission

TO PROVIDE CULTURAL, RECREATIONAL, AND SOCIAL ACTIVITIES FOR THE RESIDENTS OF THIS CONTINUING CARE RETIREMENT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $380,000

ANNUALLY, THE RESIDENTS GIVE TO THE EMPLOYEE APPRECIATION FUND TO SHOW THEIR RESPECT AND APPRECIATION FOR A YEAR OF OUTSTANDING SERVICE. THE FUNDS COLLECTED ARE PASSED TO THE MANAGEMENT OF ANNAPOLIS LIFE CARE, INC. FOR DISTRIBUTION TO ITS EMPLOYEES ON A PRO RATA BASIS OF HOURS WORKED DURING THE YEAR.

Program 2

Expenses: $36,223 Revenue: $50,804

COMMITTEE EXPENSES COVER THE ACTIVITIES OF VARIOUS COMMITTEES, CULTURAL TRIPS, SOCIAL EVENTS, BOUTIQUES AND THRIFT SHOP OPERATIONS.

Program 3

Expenses: $5,123

PRINTING EXPENSES FOR THE MONTHLY NEWSLETTER AND PUBLICATION OF RESIDENTS LITERARY WRITINGS.

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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 $432,013

Program Service Revenue $50,804

Investment Income $277

Other Revenue $0

TOTAL REVENUE $483,094

Expense Breakdown

Grants Paid $380,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,346

Other Expenses $52,558

TOTAL EXPENSES $432,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,094	$84,638	+4.7%
Expenses	$432,558	$20,797	+19.8%
Net Income	$50,536	$63,841	-0.2%

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

120

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
SUSAN ROBERTS	PRESIDENT	10.00	Officer Director	$0	$0	$0
DON ALLEN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DIANE P DONNELLY	TREASURER	10.00	Officer Director	$0	$0	$0
DIANA P DONNELLY	SECRETARY	5.00	Officer Director	$0	$0	$0
BETSY DOBBS	ASSISTANT TR	10.00	Officer Director	$0	$0	$0
JOYCE BOHAN	MEMBER-AT-LA	1.00	Director	$0	$0	$0
GEN TURMAN	MEMBER-AT-LA	1.00	Director	$0	$0	$0
TOM SMITH	PAST PRESIDE	5.00	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
2025	$483,094	$432,558	$263,757	$50,536
2023	$405,571	$370,836	$142,424	$34,735
2022	$377,854	$386,997	$106,324	$-9,143
2021	$344,172	$346,069	$115,880	$-1,897
2020	$340,136	$344,467	$123,101	$-4,331
2019	$371,790	$367,621	$121,387	$4,169
2018	$390,491	$384,410	$117,258	$6,081