LEWES-REHOBOTH CANAL IMPROVEMENT ASSOCIATION INC (EIN 900605853) - 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

2010

Principal Officer

PAT COLUZZI

Phone

3026458073

Tax Period

2020-01-01 to 2020-12-31

LEWES-REHOBOTH CANAL IMPROVEMENT ASSOCIATION INC, founded in 2010, is a small nonprofit that reported $286K in total revenue in fiscal year 2020. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $405K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO EDUCATE THE PUBLIC AND PROMOTE COASTAL ACCESSIBILITY THROUGH AN ECO- CONSCIOUS WAY OF TRAVELING BETWEEN THE COASTAL TOWNS OF LEWES AND REHOBOTH BEACH, DELAWARE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $285,831

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $285,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,486

Program Expenses $399,443

Other Expenses $404,832

TOTAL EXPENSES $404,832

Year-over-Year Comparison

	2020	2019	Change
Revenue	$285,831	$167,496	+0.7%
Expenses	$404,832	$16,535	+23.5%
Net Income	$-119,001	$150,961	-1.8%

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
MARK CARTER	TREASURER	5.00	Officer Director	$0	$0	$0
PAT COLUZZI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ED LEWANDOWSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
BETSY REAMER	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT THOMAS	VICE PRESIDE	2.00	Officer 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
2020	$285,831	$404,832	$36,274	$-119,001

LEWES-REHOBOTH CANAL IMPROVEMENT ASSOCIATION INC