NORTH COAST WATERFRONT DEVELOPMENT (EIN 933789789) - 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

2023

Legal Domicile

Phone

2168544093

Tax Period

2024-01-01 to 2024-12-31

NORTH COAST WATERFRONT DEVELOPMENT, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $669K exceeded revenue, resulting in a 3519% operating deficit.

Mission

EQUITABLE DEVELOPMENT OF THE NORTH COAST LAKEFRONT AS A DESTINATION FOR RESIDENTS, BUSINESS, RECREATION AND VISITORS.

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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 $0

Investment Income $18,496

Other Revenue $0

TOTAL REVENUE $18,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,941

Fundraising Expenses $0

Other Expenses $441,457

TOTAL EXPENSES $669,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,496	$1,000,000	-1.0%
Expenses	$669,398	$42,730	+14.7%
Net Income	$-650,902	$957,270	-1.7%

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
SCOTT SKINNER	EXECUTIVE DIRECTOR	40.00	Highest	$170,167	$0	$170,167
DAVID GILBERT	CHAIR	2.00	Director	$0	$0	$0
AYONNA DONALD	VICE CHAIR	2.00	Director	$0	$0	$0
MICHAEL TAYLOR	TREASURER	2.00	Director	$0	$0	$0
JUSTIN BIBB	BOARD MEMBER	2.00	Director	$0	$0	$0
BLAINE GRIFFIN	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT RIOS	BOARD MEMBER	2.00	Director	$0	$0	$0
GREG HARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL FRIEDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID JENKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRSTEN ELLENBOGEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MITCHELL SCHNEIDER	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRI HAMILTON BROWN	BOARD MEMBER	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	$18,496	$669,398	$436,341	$-650,902
2023	$1,000,000	$42,730	$1,007,150	$957,270

NORTH COAST WATERFRONT DEVELOPMENT