GULF HARBORS BEACH CLUB INC (EIN 591651411) - 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

1978

Legal Domicile

Principal Officer

WILLIAM SHUSTOWSKI

Phone

7277890355

Tax Period

2023-04-01 to 2024-03-31

GULF HARBORS BEACH CLUB INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $462K in total revenue in fiscal year 2023. Expenses of $589K exceeded revenue, resulting in a 27% operating deficit.

Mission

BEACH MAINTENANCE. THIS IS AN ASSOCIATION OF APPROXIMATELY 2,300 MEMBERS WHO MAINTAIN AND PROMOTE THE GULF HARBORS BEACH WITHIN THE GULF HARBORS AREA OF NEW PORT RICHEY, FL

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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 $455,263

Program Service Revenue $0

Investment Income $6,994

Other Revenue $0

TOTAL REVENUE $462,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,886

Fundraising Expenses $0

Program Expenses $588,934

Other Expenses $497,048

TOTAL EXPENSES $588,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$462,257	$480,209	0.0%
Expenses	$588,934	$373,252	+0.6%
Net Income	$-126,677	$106,957	-2.2%

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

Volunteers

N/A

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
WILLIAM SHUSTOWSKI JR	TREAS	10.00	Officer	$0	$0	$0
VIRGINIA EVANS	DIRECTOR	10.00	Director	$0	$0	$0
JOEL CHADIM	DIRECTOR	10.00	Director	$0	$0	$0
WILLIAM LAWLESS	PRES	10.00	Officer	$0	$0	$0
MARVIN LIEBERMAN	DIRECTOR	10.00	Director	$0	$0	$0
MATTHEW GEIGER	VP	10.00	Officer	$0	$0	$0
LAURA JACOBS	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL KOST	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL WILSON	DIRECTOR	10.00	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
2024	$462,257	$588,934	$1,033,806	$-126,677
2023	$480,209	$373,252	$1,097,987	$106,957
2022	$402,932	$392,764	$1,185,130	$10,168
2021	$430,211	$309,263	$1,177,198	$120,948
2020	$332,326	$272,828	$1,056,752	$59,498
2019	$304,294	$256,456	$996,657	$47,838

GULF HARBORS BEACH CLUB INC