COBB NECK CORPORATION

EIN: 522150784 Recreation & Sports

NEWBURG, MD

Total Revenue
$4,623
Total Expenses
$4,512
Total Assets
$224,446
Net Assets
$224,446
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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
1999
Legal Domicile
MD
Principal Officer
FRANCIS P WATHEN
Phone
3017514950
Tax Period
2023-01-01 to 2023-12-31

COBB NECK CORPORATION, founded in 1999, is a micro nonprofit in the Recreation & Sports sector that reported $5K in total revenue in fiscal year 2023. Net assets of $224K represent 583 months of operating reserves.

Mission

THE ORGANIZATION'S MISSION IS TO ACQUIRE REAL PROPERTY AND BUILD A KNIGHTS OF COLUMBUS COUNCIL HALL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,623
Other Revenue $0
TOTAL REVENUE $4,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,512
TOTAL EXPENSES $4,512

Year-over-Year Comparison

2023 2022 Change
Revenue $4,623 $-26,342 -1.2%
Expenses $4,512 $4,870 -0.1%
Net Income $111 $-31,212 -1.0%
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

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Governance

Voting Members
71
Independent Members
71
Employees
N/A
Volunteers
71

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS P WATHEN President 2.00
Officer Director
$0 $0 $0
JOSEPH W HAYDEN Secretary 2.00
Officer Director
$0 $0 $0
FRANK H LANCASTER Treasurer 1.00
Officer Director
$0 $0 $0
THOMAS D MAYER Director 1.00
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
2023 $4,623 $4,512 $224,446 $111
2022 $-26,342 $4,870 $227,424 $-31,212
2021 $30,054 $5,937 $255,547 $24,117
2020 $7,844 $4,440 $231,430 $3,404
2017 $64,115 $357,628 $199,976 $-293,513
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