Laffites Cove at Pirates Beach Nat… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

BEN HOCK

Phone

2812553055

Tax Period

2024-01-01 to 2024-12-31

Laffites Cove at Pirates Beach Nature Society, founded in 1998, is a micro nonprofit that reported $96K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 36% operating margin.

Mission

THE ORGANIZATION WAS FORMED AS A CIVIC CLUB TO PERFORM ALL OBLIGATIONS AND DUTIES OF THE ASSOCIATION, AND TO EXERCISE ALL RIGHTS AND POWERS OF THE ASSOCIATION TO FURTHER THE INTERESTS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $22,607 Revenue: $0

OBJECTIVE 1 - THE GENERAL OPERATION AND MAINTENANCE OF THE SUBDIVISION INCLUDING ALL COMMON AREAS, RECREATIONAL FACILITIES, AND ACTIVITIES FOR THE COMMUNITY AT LARGE.

Program 2

Expenses: $32,681 Revenue: $0

OBJECTIVE 2 - TO MAINTAIN ALL LANSCAPING INCLUDING TREES, SHRUBS, FLOWERS, LAKES, AND IRRIGATION FOR ALL COMMON AREAS IN THE SUBDIVISION FOR THE ENJOYMENT OF THE COMMUNITY AT LARGE.

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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 $0

Program Service Revenue $75,830

Investment Income $19,823

Other Revenue $0

TOTAL REVENUE $95,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,288

Other Expenses $60,831

TOTAL EXPENSES $60,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,653	N/A	N/A
Expenses	$60,831	N/A	N/A
Net Income	$34,822	N/A	N/A

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
BEN HOCK JR	PRESIDENT	3.00	Director	$0	$0	$0
JIM WALTERS	VICE PRESIDENT	3.00	Director	$0	$0	$0
BONNIE WHITE	SECRETARY	3.00	Director	$0	$0	$0
PAUL SIVON	TREASURER	3.00	Director	$0	$0	$0
JAMIE SCHUBERT	MEMBER AT LARGE	3.00	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	$95,653	$60,831	$501,255	$34,822

Laffites Cove at Pirates Beach Nature Society