BOOTHBAY HARBOR YACHT CLUB (EIN 010032215) - 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

1907

Legal Domicile

Principal Officer

MARION FLORES

Phone

2076335750

Tax Period

2023-01-01 to 2023-12-31

BOOTHBAY HARBOR YACHT CLUB, founded in 1907, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

ENCOURAGE ALL ASPECTS OF YACHTING IN THE BOOTHBAY HARBOR REGION OF MAINE.

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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 $31,359

Program Service Revenue $1,000,882

Investment Income $20,024

Other Revenue $154,790

TOTAL REVENUE $1,207,055

Expense Breakdown

Grants Paid $900

Salaries & Benefits $620,108

Fundraising Expenses $0

Other Expenses $566,879

TOTAL EXPENSES $1,187,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,207,055	$1,117,959	+0.1%
Expenses	$1,187,887	$1,083,079	+0.1%
Net Income	$19,168	$34,880	-0.5%

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

$121,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HRISTO IVANOV	GENERAL MANA	40.00	Officer	$121,600	$0	$121,600
JEN BAKER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT BLAKE	REAR COMMODO	5.00	Officer Director	$0	$0	$0
SARAH CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE COCHRANE	VICE COMMODO	5.00	Officer Director	$0	$0	$0
JASON DENBY	DIRECTOR	2.00	Director	$0	$0	$0
MARION FLORES	TREASURER	5.00	Officer Director	$0	$0	$0
SANDI HAKANSON	SECRETARY	5.00	Officer Director	$0	$0	$0
ELLA LONG	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LONG	COMMODORE	5.00	Officer Director	$0	$0	$0
WILL ROSENBAUM	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN TINDAL	DIRECTOR	2.00	Director	$0	$0	$0
SANDY WHEELER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH GRAY	FLEET CAPTAI	2.00	Officer	$0	$0	$0
BILL HUNT	MEASURER	2.00	Officer	$0	$0	$0
PAUL SCHACKNOW	FLEET SURGEO	2.00	Officer	$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	$1,207,055	$1,187,887	$2,753,384	$19,168
2022	$1,117,959	$1,083,079	$2,743,334	$34,880
2021	$1,037,908	$970,202	$2,726,590	$67,706
2020	$758,126	$769,097	$2,646,079	$-10,971
2019	$994,359	$901,134	$2,670,953	$93,225

BOOTHBAY HARBOR YACHT CLUB