BOOTHBAY HARBOR WATERFRONT PRESERVATION (EIN 831192450) - 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

MARION COLEMAN

Phone

5125772397

Tax Period

2023-01-01 to 2023-12-31

BOOTHBAY HARBOR WATERFRONT PRESERVATION, founded in 2018, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 371% from the prior year, signaling strong growth momentum. The organization ran a surplus of $941K, a strong 70% operating margin.

Mission

ORGANIZATION AIMS TO ENHANCE THE TRADITIONAL CHARACTER OF BOOTHBAY HARBOR AND PURSUE OPPORTUNITIES TO PROTECT WORKING WATERFRONT AND EXPAND PUBLIC ACCESS TO THE WATER FOR THE BENEFIT OF RESIDENTS AND VISITORS ALIKE.

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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 $1,266,172

Program Service Revenue $0

Investment Income $69,392

Other Revenue $900

TOTAL REVENUE $1,336,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,263

Other Expenses $395,643

TOTAL EXPENSES $395,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,336,464	$283,660	+3.7%
Expenses	$395,643	$293,978	+0.3%
Net Income	$940,821	$-10,318	-92.2%

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
JOHN O'CONNELL	PRESIDENT	15.00	Officer Director	$0	$0	$0
MARK STOVER	DIRECTOR	1.00	Director	$0	$0	$0
MARION COLEMAN	TREASURER	5.00	Officer Director	$0	$0	$0
DEVYN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DONALD KENNISTON	DIRECTOR-VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY KALER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE H MCEVOY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M T SEITZER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
NORM PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCKAY	PRESIDENT	1.00	Director	$0	$0	$0
GEORGE CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WERNER	DIRECTOR	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	$1,336,464	$395,643	$6,824,576	$940,821
2022	$283,660	$293,978	$5,883,033	$-10,318
2021	$1,642,155	$282,747	$5,893,251	$1,359,408
2020	$1,275,040	$153,559	$5,033,843	$1,121,481

BOOTHBAY HARBOR WATERFRONT PRESERVATION