SEABROOK ISLAND PROPERTY OWNERS ASSOCIATION (EIN 570600562) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

MARK NEATH

Phone

8437251557

Tax Period

2023-01-01 to 2023-12-31

SEABROOK ISLAND PROPERTY OWNERS ASSOCIATION, founded in 1972, is a mid-sized nonprofit in the Community Improvement sector that reported $11.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 25% operating margin.

Mission

TO PRESERVE THE PROPERTY VALUES AND QUALITY OF LIFE OF THE COMMUNITY ON SEABROOK ISLAND.

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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 $9,867,718

Investment Income $271,022

Other Revenue $1,005,382

TOTAL REVENUE $11,144,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,983,343

Fundraising Expenses $0

Program Expenses $6,650,012

Other Expenses $6,329,171

TOTAL EXPENSES $8,312,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,144,122	$9,055,207	+0.2%
Expenses	$8,312,514	$8,837,083	-0.1%
Net Income	$2,831,608	$218,124	+12.0%

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

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

$459,898

Total Directors

Key Employees

$233,323

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SESODY	DIRECTOR	4.00	Director	$0	$0	$0
MIKE SANKOVICH	DIRECTOR	4.00	Director	$0	$0	$0
SUE FERLAND	DIRECTOR	4.00	Director	$0	$0	$0
JOYCE PHILLIPS	DIRECTOR	4.00	Director	$0	$0	$0
BRADLEY PHILLIPS	DIRECTOR	4.00	Director	$0	$0	$0
LISA RYAN	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS JOHNSON	DIRECTOR	4.00	Director	$0	$0	$0
BILL CONNOLLY	PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVID BROWN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
WARREN WEBER	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID CRUSE	SECRETARY	4.00	Officer Director	$0	$0	$0
SUSAN MAY	LEGAL CHAIR	4.00	Officer Director	$0	$0	$0
HEATHER PATON	EXECUTIVE DIRECTOR	40.00	Officer	$261,919	$20,846	$282,765
STEPHEN J ARNOLD	DIRECTOR OF FINANCE	40.00	Officer	$157,709	$19,424	$177,133
STEVEN HIRSCH	DIRECTOR OF ENGINEERING	40.00	Key Emp	$208,958	$24,365	$233,323
KATRINA BURRELL	DIR. OF ADMIN & ARCH. REVI	40.00	Highest	$134,674	$21,601	$156,275

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	No data	No data	No data	No data
2023	$11,144,122	$8,312,514	$21,407,757	$2,831,608
2022	$9,055,207	$8,837,083	$19,018,886	$218,124
2021	$8,609,669	$6,352,616	$18,137,442	$2,257,053
2020	$8,282,084	$7,021,586	$15,677,900	$1,260,498
2019	$7,252,732	$5,533,839	$14,637,344	$1,718,893
2018	$6,905,691	$6,443,225	$13,034,973	$462,466

SEABROOK ISLAND PROPERTY OWNERS ASSOCIATION