INDIANOLA BEACH IMPROVEMENT CLUB

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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

1927

Principal Officer

MARK SMOOT

Phone

3602977345

Tax Period

2023-01-01 to 2023-12-31

INDIANOLA BEACH IMPROVEMENT CLUB, founded in 1927, is a small nonprofit that reported $111K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $99K left a modest 11% surplus.

Mission

INDIANOLA BEACH IMPROVEMENT CLUB IS A NON PROFIT CORPORATION REGISTERED IN THE STATE OF WASHINGTON IN 1927. THE ORIGINAL PURPOSE WAS FOR "THE ESTABLISHMENT AND MAINTENANCE OF A LIBRARY, READING ROOM, A PLACE OF SOCIAL AND COMMUNITY MEETINGS, AND TO CONDUCT ALL COMMUNITY ACTIVITIES AS ARE USUALLY CONNECTED WITH, OR GROW THEREFROM." OUR ALL VOLUNTEER EXPANDED MISSION IS TO FOSTER COMMUNITY RESPONSIBILITY AMONG RESIDENTS, MAINTAIN PROPERTIES FOR THEIR USE, AND TO SUPPORT OTHER NON-PROFITS (FREE OR REDUCED FACILITY RENT, PUBLICITY, DONATIONS).

Program Service Accomplishments

Program 1

Expenses: $61,798

THE MAIN EXPENSES WITH OUR FUNCTION ARE THOSE OF OCCUPANCY AND MAINTENANCE OF OPEN SPACES, TIDELANDS, PLAYGROUNDS, CLUBHOUSE & POST OFFICE FOR THIS UNINCORPORATED VILLAGE OF ABOUT 1,800 PEOPLE. WE...

THE MAIN EXPENSES WITH OUR FUNCTION ARE THOSE OF OCCUPANCY AND MAINTENANCE OF OPEN SPACES, TIDELANDS, PLAYGROUNDS, CLUBHOUSE & POST OFFICE FOR THIS UNINCORPORATED VILLAGE OF ABOUT 1,800 PEOPLE. WE HIRE A PRIVATE SECURITY SERVICE DURING THE SUMMER TO KEEP OUR RESIDENTS, GUEST, AND THE PROPERTIES SAFE AND SECURE. WE SPONSOR A RECYCLING PROGRAM IN ADDITION TO PROVIDING WASTE MANAGEMENT FOR OUR COMMUNITY AREAS. OUR CLUBHOUSE IS AN OFFICIAL RED CROSS EMERGENCY SHELTER WITH AN INSTALLED GENERATOR AND WRITTEN EMERGENCY PROCEDURES. WE OPERATE ON A "NO DEFICIT" YEARLY BUDGET APPROVED IN ADVANCE BY THE GOVERNING BOARD. REVENUE FROM COMMUNITY EVENTS AND FACILITY RENTALS IS REINVESTED IN OCCUPANCY EXPENSES.

Program 2

Expenses: $7,686

WE PUBLISH A SMALL NEWSLETTER AND COMMUNITY CALENDAR 10 TIMES PER YEAR. DISTRIBUTION IS FREE TO ALL RESIDENTS OF INDIANOLA. IT PROVIDES NEWS AND ANNOUNCEMENTS OF INTEREST WHILE FOSTERING COMMUNITY...

WE PUBLISH A SMALL NEWSLETTER AND COMMUNITY CALENDAR 10 TIMES PER YEAR. DISTRIBUTION IS FREE TO ALL RESIDENTS OF INDIANOLA. IT PROVIDES NEWS AND ANNOUNCEMENTS OF INTEREST WHILE FOSTERING COMMUNITY SPIRIT.

Program 3

Expenses: $11,112

WE SPONSOR COMMUNITY EVENTS TO FOSTER COMMUNITY SPIRIT AND GOODWILL.

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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 $51,236

Program Service Revenue $44,272

Investment Income $7,700

Other Revenue $7,494

TOTAL REVENUE $110,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,596

Other Expenses $98,959

TOTAL EXPENSES $98,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,702	$95,221	+0.2%
Expenses	$98,959	$83,983	+0.2%
Net Income	$11,743	$11,238	+0.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BUERGER	TREASURER	N/A	Officer Director	$0	$0	$0
SABRINA BUERGER	DIRECTOR	N/A	Director	$0	$0	$0
JUDY DREW	DIRECTOR	N/A	Director	$0	$0	$0
TONYA FLORIA	DIRECTOR	N/A	Director	$0	$0	$0
PAT HATCHEL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LEAH KATZER	DIRECTOR	N/A	Director	$0	$0	$0
KAREN KINNAIRD	SECRETARY	N/A	Director	$0	$0	$0
SYDNEY SALAZAR	DIRECTOR	N/A	Director	$0	$0	$0
TED SCHMID	DIRECTOR	N/A	Director	$0	$0	$0
MARK SMOOT	PRESIDENT	N/A	Officer Director	$0	$0	$0
SARA ZALPIS	DIRECTOR	N/A	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	$110,702	$98,959	$708,857	$11,743
2022	$95,221	$83,983	$697,428	$11,238
2021	$82,282	$74,459	$687,112	$7,823
2020	$93,772	$94,941	$681,840	$-1,169
2019	$106,354	$91,452	$683,009	$14,902
2018	$80,588	$71,087	$668,107	$9,501