Glebe Harbor - Cabin Point Associa… - 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

1967

Legal Domicile

Principal Officer

Fred S Selby

Phone

8044723646

Tax Period

2023-07-01 to 2024-06-30

Glebe Harbor - Cabin Point Association Inc, founded in 1967, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 63% operating deficit.

Mission

Services provided for Association Members and Guests

Program Service Accomplishments

Program 1

Provide weekly social gatherings with refreshments, monthly pot luck dinners, periodic theme parties & cookouts. Provide facilities and resources for gatherings to play various board, card & other...

Provide weekly social gatherings with refreshments, monthly pot luck dinners, periodic theme parties & cookouts. Provide facilities and resources for gatherings to play various board, card & other games. Provide facilities and resources for volunteer led exercise groups both indoors and aquatic. Provide and maintain facilities and areas for boating, swimming, tennis/pickleball, hiking, picnics, etc. This service includes dredging, marking and mantaining open channels to Association water- ways. Organize group outings to other areas for social activities. Provide periodic newsletters for Association activities and interests. Provide periodic Members Directory.

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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 $0

Investment Income $606

Other Revenue $118,388

TOTAL REVENUE $118,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $193,700

TOTAL EXPENSES $193,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,994	$83,198	+0.4%
Expenses	$193,700	$125,583	+0.5%
Net Income	$-74,706	$-42,385	+0.8%

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

1371

Independent Members

1371

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanne O Axtell	VP Planning	10.00	Director	$0	$0	$0
William T Spencer	Director	20.00	Director	$0	$0	$0
Fred Selby	President	20.00	Officer Director	$0	$0	$0
John O'Neil	VicePresident	5.00	Officer Director	$0	$0	$0
Carlita Coley	Director	5.00	Director	$0	$0	$0
Connie Sirbaugh	Treasurer	5.00	Officer Director	$0	$0	$0
Barbara Cole	Secretary	5.00	Officer Director	$0	$0	$0
Scott Synnott	Director	5.00	Director	$0	$0	$0
Deborah Dever	Director	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	No data	No data	No data	No data
2024	$118,994	$193,700	$1,755,306	$-74,706
2023	$83,198	$125,583	$1,845,197	$-42,385
2022	$63,887	$65,293	$1,822,552	$-1,406
2021	$43,421	$60,514	$1,823,587	$-17,093

Glebe Harbor - Cabin Point Association Inc