FRIENDS OF BAY BEACH 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

2017

Legal Domicile

Principal Officer

DAVID CHARLES

Phone

9204325777

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF BAY BEACH INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $801K, a strong 71% operating margin.

Mission

ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES BY SEEKING TO CONSTRUCT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, AND WORKS AND LESSEN THE BURDENS OF GOVERNMENT. THE FRIENDS OF BAY BEACH SHALL SEEK TO ACCOMPLISH THESE GOALS BY PROVIDING FUNDS TO THE CITY OF GREEN BAY TO PURCHASE, REPAIR, AND/OR MAINTAIN PUBLIC BUILDINGS, MONUMENTS AND WORKS AT THE BAY BEACH AMUSEMENT PARK.

Program Service Accomplishments

Program 1

Expenses: $313,617

PROVIDE FUNDS TO THE CITY OF GREEN BAY TO PURCHASE, REPAIR, AND/OR MAINTAIN PUBLIC BUILDINGS, MONUMENTS AND WORKS AT THE BAY BEACH AMUSEMENT PARK.

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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 $1,103,710

Program Service Revenue $0

Investment Income $21,782

Other Revenue $0

TOTAL REVENUE $1,125,492

Expense Breakdown

Grants Paid $313,617

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $313,617

Other Expenses $10,703

TOTAL EXPENSES $324,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,125,492	$304,163	+2.7%
Expenses	$324,320	$40,497	+7.0%
Net Income	$801,172	$263,666	+2.0%

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
DAVID CHARLES	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT SHADE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS LANGENBERG	TREASURER	1.00	Officer Director	$0	$0	$0
RICK BEVERSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLAN JAMIR	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE KAWLESKI	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY KIEFER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM LONGLAIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MCGEE	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$1,125,492	$324,320	$1,799,570	$801,172
2022	$304,163	$40,497	$998,398	$263,666
2021	$161,299	$3,906	$734,732	$157,393
2020	$332,967	$15,552	$577,339	$317,415
2019	$115,124	$628,346	$259,924	$-513,222
2018	$773,141	$995	$773,146	$772,146