ADMIRALS COVE FOUNDATION INC

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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

2005

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $3,942,652

ADMIRALS COVE FOUNDATION PHILANTHROPIC EFFORTS ARE MADE POSSIBLE BY THE GENEROUS SUPPORT OF OUR MEMBERS DURING OUR ANNUAL GIVING CAMPAIGN. THE FOUNDATION'S GRANTS ARE FOCUSED EXCLUSIVELY IN PALM...

ADMIRALS COVE FOUNDATION PHILANTHROPIC EFFORTS ARE MADE POSSIBLE BY THE GENEROUS SUPPORT OF OUR MEMBERS DURING OUR ANNUAL GIVING CAMPAIGN. THE FOUNDATION'S GRANTS ARE FOCUSED EXCLUSIVELY IN PALM BEACH COUNTY IN THE AREAS OF EDUCATION, HEALTH, AND SOCIAL SERVICES. THE FOUNDATION AND ITS VOLUNTEER COMMITTEES WORK ALONGSIDE A VARIETY OF ORGANIZATIONS THAT MAKE A MEANINGFUL IMPACT IN THE LIVES OF INDIVIDUALS AND FAMILIES IN PALM BEACH COUNTY.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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