SHOALWATER FLATS ASSOCIATION (EIN 742793052) - 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

1996

Legal Domicile

Principal Officer

GARY NIX

Phone

3617852907

Tax Period

2025-01-01 to 2025-12-31

SHOALWATER FLATS ASSOCIATION, founded in 1996, is a micro nonprofit that reported $90K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Net assets of $1.9M represent 255 months of operating reserves.

Mission

PROMOTE SOCIAL & RECREATIONAL ACTIVITIES FOR MEMBERS AND GUESTS BY PROVIDING FACILITIES WITH ACCESS TO LOCAL FISHING AND HUNTING AREAS

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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 (2025)

Revenue Breakdown

Contributions & Grants $88,790

Program Service Revenue $0

Investment Income $1,672

Other Revenue $0

TOTAL REVENUE $90,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,808

Other Expenses $89,808

TOTAL EXPENSES $89,808

Year-over-Year Comparison

	2025	2024	Change
Revenue	$90,462	$97,728	-0.1%
Expenses	$89,808	$81,058	+0.1%
Net Income	$654	$16,670	-1.0%

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
GARY NIX	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGI L HANDRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
MARY GUNN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
TED DUNNAM	DIRECTOR	1.00	Director	$0	$0	$0
ROGER HAUCK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KNAPP	TREASURER	0.00	Officer 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	$90,462	$89,808	$1,974,911	$654
2024	$97,728	$81,058	$2,003,828	$16,670
2023	$85,531	$58,535	$1,994,960	$26,996
2022	$78,027	$54,606	$1,880,362	$23,421
2021	$69,612	$54,347	$1,856,942	$15,265
2020	$69,249	$50,458	$1,834,386	$18,791
2019	$78,143	$50,491	$1,815,595	$27,652
2018	$72,321	$45,307	$1,793,605	$27,014
2017	$70,859	$48,474	$1,775,633	$22,385

SHOALWATER FLATS ASSOCIATION