MARINER'S COVE ASSOCIATION (EIN 990140789) - 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

2002

Legal Domicile

Principal Officer

CHARLES KARNELLA

Phone

8085664100

Tax Period

2023-01-01 to 2023-12-31

MARINER'S COVE ASSOCIATION, founded in 2002, is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $212K left a modest 4% surplus.

Mission

MAINTAIN COMMON ELEMENTS

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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 $0

Program Service Revenue $216,610

Investment Income $3,017

Other Revenue $0

TOTAL REVENUE $219,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,762

Fundraising Expenses $0

Program Expenses $188,994

Other Expenses $125,963

TOTAL EXPENSES $211,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,627	$198,876	+0.1%
Expenses	$211,725	$238,706	-0.1%
Net Income	$7,902	$-39,830	-1.2%

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

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
CHARLES KARNELLA	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEN MIDDLETON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA ICHIDA	SECRETARY	1.00	Officer Director	$0	$0	$0
JO ANN KOCHER	TREASURER	1.00	Officer Director	$0	$0	$0
JOEL BRILIANT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH REILLY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA BRITO	DIRECTOR	1.00	Director	$0	$0	$0
JUDY SOBIN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$219,627	$211,725	$524,736	$7,902
2022	$198,876	$238,706	$516,834	$-39,830
2021	$221,826	$153,289	$556,664	$68,537

MARINER'S COVE ASSOCIATION