FRIENDS OF BASSING BEACH INC (EIN 850692857) - 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

2020

Legal Domicile

Principal Officer

TIMOTHY DAVIS

Phone

7813830232

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF BASSING BEACH INC, founded in 2020, is a micro nonprofit in the Environment sector that reported $80K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $101K exceeded revenue, resulting in a 25% operating deficit.

Mission

FRIENDS OF BASSING BEACH, INC. AIMS TO PROTECT THE ECOLOGY AND ENVIRONMENTAL BALANCE OF THE BEACH AND HARBOR AREA, ENSURE THE ONGOING AVAILABILITY OF THE BEACH AND HARBOR AREA FOR RECREATIONAL ACTIVITIES BY RESIDENTS AND VISITORS, AND OPPOSE ANY ACTIVITY THAT WOULD DISTURB THE ENVIRONMENT AND/OR INTERFERE WITH THE RECREATIONAL ACTIVITIES IN THE BEACH AND HARBOR AREA.

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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 $80,417

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,934

Other Expenses $100,881

TOTAL EXPENSES $100,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,417	$54,091	+0.5%
Expenses	$100,881	$30,305	+2.3%
Net Income	$-20,464	$23,786	-1.9%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
TIMOTHY DAVIS	PRESIDENT,TREASURER,DIRECT	Director	$0	$0	$0
PETER MARATHAS	CLERK, DIRECTOR	Director	$0	$0	$0
SEAN SWEENEY	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$80,417	$100,881	$62,763	$-20,464
2022	$54,091	$30,305	$83,227	$23,786
2021	$70,589	$81,880	$59,441	$-11,291
2020	$416,324	$345,592	$70,732	$70,732

FRIENDS OF BASSING BEACH INC