KINGS COVE RECREATION CLUB INC (EIN 581133626) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Robert Grasso

Phone

4049395521

Tax Period

2024-01-01 to 2024-12-31

KINGS COVE RECREATION CLUB INC, founded in 1972, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $224K left a modest 3% surplus.

Mission

Homeowners Association - support of common property areas

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,482

Program Service Revenue $0

Investment Income $2,214

Other Revenue $0

TOTAL REVENUE $231,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,704

Other Expenses $224,432

TOTAL EXPENSES $224,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,696	$199,500	+0.2%
Expenses	$224,432	$247,856	-0.1%
Net Income	$7,264	$-48,356	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Robert Grasso	President	1	Officer	$0	$0	$0
Katie Reid	Vice President	1	Officer	$0	$0	$0
Guy Gaylor	Membership	1	Officer	$0	$0	$0
Michael Schroth	Treasurer	1	Officer	$0	$0	$0
Jada Alexis	Secretary	1	Officer	$0	$0	$0
Elizabeth Burton	Pool	1	Officer	$0	$0	$0
Ashley Lotz	Tennis	1	Officer	$0	$0	$0
Rachel Port	Lakes and Lands Chair	1	Officer	$0	$0	$0
Claire Simmons	Social Chair	1	Officer	$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
2024	$231,696	$224,432	$79,565	$7,264

KINGS COVE RECREATION CLUB INC