Seascape Beach Association

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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

1968

Legal Domicile

Principal Officer

Rick Magnuson

Phone

8314759100

Tax Period

2024-01-01 to 2024-12-31

Seascape Beach Association, founded in 1968, is a small nonprofit that reported $182K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The Organization provides public beach access to the general public as well as maintaining, repairing and replacing the common area property.

Program Service Accomplishments

Program 1

Expenses: $106,580

The Organization was formed to maintain, repair and replace the common area property

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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 $162,677

Program Service Revenue $11,280

Investment Income $7,835

Other Revenue $0

TOTAL REVENUE $181,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,580

Other Expenses $179,569

TOTAL EXPENSES $179,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,792	$160,467	+0.1%
Expenses	$179,569	$162,426	+0.1%
Net Income	$2,223	$-1,959	-2.1%

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

N/A

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
Dan Miller	Director	2.00	Director	$0	$0	$0
Paul Carrubba	Director	2.00	Director	$0	$0	$0
Mark Lewis	Director	2.00	Director	$0	$0	$0
Todd Rowe	Director	2.00	Director	$0	$0	$0
Jim Thoming	Director	2.00	Director	$0	$0	$0
Rick Magnuson	President	2.00	Officer Director	$0	$0	$0
Nic Buscovich	Secretary/treas	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
2024	$181,792	$179,569	$555,110	$2,223
2019	$460,080	$450,272	$338,719	$9,808