THE BELVEDERE COVE FOUNDATION

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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

1984

Legal Domicile

Principal Officer

DAVID WALKER

Phone

4154511703

Tax Period

2024-01-01 to 2024-12-31

THE BELVEDERE COVE FOUNDATION, founded in 1984, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $76K, a strong 26% operating margin.

Mission

PROMOTE YOUTH SAILING.

Program Service Accomplishments

Program 1

Expenses: $184,997

PROMOTED YOUTH SAILING ACTIVITIES BY PROVIDING EQUIPMENT, FACILITIES AND FREE OR LOW COST INSTRUCTION TO YOUNG INDIVIDUALS BY QUALIFIED TEACHERS. MATERIALS FOR EDUCATION IN SAILING SKILLS PROVIDED...

PROMOTED YOUTH SAILING ACTIVITIES BY PROVIDING EQUIPMENT, FACILITIES AND FREE OR LOW COST INSTRUCTION TO YOUNG INDIVIDUALS BY QUALIFIED TEACHERS. MATERIALS FOR EDUCATION IN SAILING SKILLS PROVIDED. PROVIDED GRANTS FOR VARIOUS EVENTS.

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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 $128,060

Program Service Revenue $0

Investment Income $88,953

Other Revenue $71,926

TOTAL REVENUE $288,939

Expense Breakdown

Grants Paid $156,616

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,997

Other Expenses $55,865

TOTAL EXPENSES $212,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,939	$483,789	-0.4%
Expenses	$212,481	$180,505	+0.2%
Net Income	$76,458	$303,284	-0.7%

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

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
DAVID S WALKER	PRESIDENT	6.00	Officer Director	$0	$0	$0
MARK MAYMAR	DIRECTOR	0.50	Officer Director	$0	$0	$0
THOMAS LACEY	DIRECTOR	0.50	Officer Director	$0	$0	$0
KYLE ELLIOTT	SECRETARY	1.00	Director	$0	$0	$0
CRAIG HEALY	DIRECTOR	0.50	Director	$0	$0	$0
GLENN ISAACSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES O ELLIS	DIRECTOR	0.50	Director	$0	$0	$0
DANNY SHEA	DIRECTOR	1.00	Director	$0	$0	$0
GRANT BALDWIN	DIRECTOR	0.50	Director	$0	$0	$0
LUCY CARRICO	TREASURER	1.50	Director	$0	$0	$0
ADAM ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
PATTY YOUNG	DIRECTOR AND GRANT CHAIR	2.50	Director	$0	$0	$0
LUCY WILMONT	DIRECTOR AND SCHOLARSHIPS	0.50	Director	$0	$0	$0
DON JESBERG	DIRECTOR	0.50	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	$288,939	$212,481	$1,955,805	$76,458
2023	$483,789	$180,505	$1,820,408	$303,284
2022	$384,032	$261,642	$1,397,617	$122,390
2021	$419,926	$289,369	$1,413,828	$130,557
2020	$284,460	$155,720	$1,317,955	$128,740
2020	$284,460	$155,720	$1,317,955	$128,740
2019	$218,606	$164,061	$1,112,863	$54,545
2018	$256,448	$167,164	$971,058	$89,284