Salisbury Beach Partnership Inc (EIN 770681920) - 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

2007

Legal Domicile

Principal Officer

Robert D Glendon

Phone

9784627274

Tax Period

2023-01-01 to 2023-12-31

Salisbury Beach Partnership Inc, founded in 2007, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $274K, a strong 27% operating margin.

Mission

Create & maintain a revitalized Salisbury Beach

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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 (2023)

Revenue Breakdown

Contributions & Grants $842,314

Program Service Revenue $143,093

Investment Income $0

Other Revenue $15,701

TOTAL REVENUE $1,001,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,993

Fundraising Expenses $0

Program Expenses $701,841

Other Expenses $697,583

TOTAL EXPENSES $727,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,001,108	$2,457,338	-0.6%
Expenses	$727,576	$388,431	+0.9%
Net Income	$273,532	$2,068,907	-0.9%

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
Frederick Abdulla	Director	1.00	Director	$0	$0	$0
Brian Mulcahy	Director	1.00	Director	$0	$0	$0
Amin Nabhan	Director	1.00	Director	$0	$0	$0
Michael Condon	Director	1.00	Director	$0	$0	$0
Kathy Aiello	Director	1.00	Director	$0	$0	$0
Stacey Theofilopolous	Director	1.00	Director	$0	$0	$0
David Sheafer	Director	1.00	Director	$0	$0	$0
Paul Descoteaux	Director	1.00	Director	$0	$0	$0
Nat Alard	Director	1.00	Director	$0	$0	$0
William Grielich	Director	1.00	Director	$0	$0	$0
Heather Silvia	Director	1.00	Director	$0	$0	$0
George Burtch	Director	1.00	Director	$0	$0	$0
Stan Wojtas	Director	1.00	Director	$0	$0	$0
Wayne Capolupo	President	1.00	Officer Director	$0	$0	$0
Robert Glendon	Treasurer	1.00	Officer Director	$0	$0	$0
William Gallagher	Clerk	1.00	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
2024	No data	No data	No data	No data
2023	$1,001,108	$727,576	$6,453,006	$273,532
2022	$2,457,338	$388,431	$5,128,794	$2,068,907
2021	$474,651	$99,148	$755,379	$375,503
2020	$55,837	$61,422	$594,876	$-5,585
2019	$435,558	$197,645	$600,691	$237,913
2018	$243,430	$204,939	$147,778	$38,491

Salisbury Beach Partnership Inc