ADMIRALS COVE FOUNDATION INC

EIN: 593786373 501(c)(3) Philanthropy & Grantmaking

JUPITER, FL

Total Revenue
$4,254,445
Total Expenses
$4,047,790
Total Assets
$1,395,687
Net Assets
$1,094,810
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
ERIC BECKER
Phone
5617441700
Tax Period
2024-05-01 to 2025-04-30

ADMIRALS COVE FOUNDATION INC, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $4.0M left a modest 5% surplus.

Mission

ADMIRALS COVE FOUNDATION IS THE COMMUNITY PHILANTHROPIC FOUNDATION OF THE RESIDENTS OF THE CLUB AT ADMIRALS COVE. OUR MISSION IS TO IMPROVE LIVES THROUGH A VITAL CULTURE OF GIVING. WE FOCUS ON THE MOST NEEDY IN PALM BEACH COUNTY BY SUPPORTING LOCAL NONPROFIT ORGANIZATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,861,087
Program Service Revenue $0
Investment Income $37,493
Other Revenue $355,865
TOTAL REVENUE $4,254,445

Expense Breakdown

Grants Paid $3,844,354
Salaries & Benefits $148,832
Fundraising Expenses $52,609
Program Expenses $3,942,652
Other Expenses $54,604
TOTAL EXPENSES $4,047,790

Year-over-Year Comparison

2024 2023 Change
Revenue $4,254,445 $4,350,084 0.0%
Expenses $4,047,790 $4,100,239 0.0%
Net Income $206,655 $249,845 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
92

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC BECKER PRESIDENT N/A
Officer Director
$0 $0 $0
NANCY BUSH BOARD MEMBER N/A
Director
$0 $0 $0
SUZANNE CARROLL VICE PRESIDE N/A
Officer Director
$0 $0 $0
CHARLES EZRINE ASSISTANT TR N/A
Officer Director
$0 $0 $0
ANDY KAHN BOARD MEMBER N/A
Director
$0 $0 $0
MARGOT LESSANS SECRETARY N/A
Officer Director
$0 $0 $0
JOE MCCART BOARD MEMBER N/A
Director
$0 $0 $0
JILL RIEHL TREASURER N/A
Officer Director
$0 $0 $0
ERICA SCHERZER BOARD MEMBER N/A
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 $4,254,445 $4,047,790 $1,395,687 $206,655
2024 $4,350,084 $4,100,239 $1,028,341 $249,845
2023 $3,228,168 $2,947,841 $769,600 $280,327
2022 $3,525,436 $3,297,039 $471,796 $228,397
2021 $2,090,466 $2,005,494 $210,342 $84,972
2021 $2,090,466 $2,005,494 $210,342 $84,972
2020 $2,025,505 $2,094,831 $220,482 $-69,326
2019 $1,996,267 $1,987,764 $157,643 $8,503
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