ADMIRAL'S COVE BEACH CLUB (EIN 900452966) - 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

1969

Legal Domicile

Phone

3606787543

Tax Period

2024-01-01 to 2024-12-31

ADMIRAL'S COVE BEACH CLUB, founded in 1969, is a small nonprofit in the Recreation & Sports sector that reported $317K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 34% operating deficit.

Mission

MAINTAIN AND OPERATE RECREATIONALFACILITIES, LAKE PROPERTY, ROAD & COMMON AREAS FOR COMMUNITY MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $309,311

Investment Income $7,465

Other Revenue $0

TOTAL REVENUE $316,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,317

Fundraising Expenses $0

Program Expenses $216,581

Other Expenses $377,133

TOTAL EXPENSES $423,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,776	$394,778	-0.2%
Expenses	$423,450	$198,854	+1.1%
Net Income	$-106,674	$195,924	-1.5%

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
MIKE PURSELL	PRESIDENT	4.00	Officer	$0	$0	$0
SHARON SAVEREUS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ANNE LYNAM	TREASURER	2.00	Officer	$0	$0	$0
KRISTEN IVERSEN	SECRETARY	2.00	Officer	$0	$0	$0
STEVEN KOBYLK	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE FUGATE	DIRECTOR	2.00	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	$316,776	$423,450	$1,527,564	$-106,674
2023	$394,778	$198,854	$1,636,443	$195,924
2022	$463,646	$211,803	$1,440,490	$251,843
2021	$302,179	$169,268	$1,188,714	$132,911
2020	$279,862	$133,545	$1,055,571	$146,317
2019	$254,904	$157,208	$909,260	$97,696
2018	$238,296	$95,094	$811,499	$143,202

ADMIRAL'S COVE BEACH CLUB