NATURALLY BAY AREA INC (EIN 824399102) - 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

2018

Legal Domicile

Principal Officer

DREW MCGOWAN

Phone

4156375732

Tax Period

2023-01-01 to 2023-12-31

NATURALLY BAY AREA INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $194K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $186K left a modest 4% surplus.

Mission

TO STIMULATE GROWTH, ENTREPRENEURSHIP AND EXCEPTIONAL LEADERSHIP IN THE NORTHERN

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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 $0

Program Service Revenue $194,165

Investment Income $63

Other Revenue $0

TOTAL REVENUE $194,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $185,945

TOTAL EXPENSES $185,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,228	$293,282	-0.3%
Expenses	$185,945	$187,778	0.0%
Net Income	$8,283	$105,504	-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

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 DAVICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ALYSSA ADAMS	BOARD MEMBER (TO 08/23)	1.00	Director	$0	$0	$0
DREW MCGOWAN	BOARD CHAIR/PRESIDENT	1.00	Officer Director	$0	$0	$0
PETE BRENNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA TOY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM TASCHETTA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY TARCYNSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
LARISA RAPOPORT	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN MUSSER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MUNGUIA SALDANA	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA WOODSIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
NOEL MCARDELL	BOARD MEMBER	1.00	Director	$0	$0	$0
IAN MALONE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBYN RUTLEDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW HOLLINGSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIS DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANAL CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CLEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY CHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DON BUDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBY PLEDGER	BOARD MEMBER (TO 05/23)	1.00	Director	$0	$0	$0
JENNIFER BERLINER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIOT BEGOUN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON TOYOS	BOARD MEMBER (TO 05/23)	1.00	Director	$0	$0	$0
DIANNA TREMBLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOTTA MAST	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA BILLOPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIREK BORUTA	BOARD MEMBER (FROM 06/23)	1.00	Director	$0	$0	$0
LYNN GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN IVANIS-ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICKA KARNER	BOARD MEMBER	1.00	Director	$0	$0	$0
THUY NGUYEN	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	$194,228	$185,945	$125,965	$8,283
2022	$293,282	$187,778	$123,529	$105,504
2021	$132,384	$107,118	$109,040	$25,266
2020	$170,012	$125,793	$49,493	$44,219
2019	$214,534	$166,001	$49,971	$48,533

NATURALLY BAY AREA INC