ST ARMANDS CIRCLE ASSOCIATION INC (EIN 591701241) - 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

1987

Legal Domicile

Principal Officer

RACHEL KRAVITZ BURNS

Phone

9413881554

Tax Period

2023-01-01 to 2023-12-31

ST ARMANDS CIRCLE ASSOCIATION INC, founded in 1987, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 124% operating deficit.

Mission

MERCHANTS ASSOCIATION TO PROMOTE ST. ARMANDS CIRCLE

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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 $89,073

Investment Income $4

Other Revenue $0

TOTAL REVENUE $89,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,656

Fundraising Expenses $0

Other Expenses $148,924

TOTAL EXPENSES $199,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,077	$383,022	-0.8%
Expenses	$199,580	$143,413	+0.4%
Net Income	$-110,503	$239,609	-1.5%

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

$41,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW VAC	DIRECTOR OF MEMBERSHIP	1.00	Officer Director	$0	$0	$0
SCOTT MACDONALD	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL KRAVITZ BURNS	EXECUTIVE DIRECTOR	40.00	Officer	$37,372	$4,000	$41,372

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	$89,077	$199,580	$232,385	$-110,503
2022	$383,022	$143,413	$301,041	$239,609
2021	$220,928	$202,638	$62,229	$18,290
2020	$176,384	$171,923	$44,092	$4,461
2019	$204,361	$201,171	$39,477	$3,190
2018	$266,989	$276,393	$36,294	$-9,404

ST ARMANDS CIRCLE ASSOCIATION INC