YORK HARBOR READING ROOM

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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

1901

Legal Domicile

Principal Officer

PETER DRISCOLL

Phone

2073632450

Tax Period

2024-01-01 to 2024-12-31

YORK HARBOR READING ROOM, founded in 1901, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE PURPOSES OF THE YORK HARBOR READING ROOM ARE TO ENCOURAGE AND MAINTAIN A PLACE FOR READING AND SOCIAL MEETINGS FOR ITS MEMBERS, INCLUDING THE HOLDING AND MAINTENANCE OF A CLUB HOUSE AND GROUNDS. DURING 2021 THE YHRR PROVIDED ITS MEMBERS THE OPPORTUNITY FOR FINE DINING AND SOCIAL GATHERINGS INCLUDING LECTURES, THEME DINNERS, BARBECUES, A FIREWORKS DISPLAY THAT WAS ALSO ABLE TO BE VIEWED BY THE GENERAL PUBLIC, A CAR SHOW, A DOG SHOW AND SEVERAL FORMAL DANCES. THE CLUB WAS ALSO UTILIZED BY CERTAIN NON-PROFIT ORGANIZATIONS INCLUDING THE MUSEUMS OF OLD YORK, THE AGAMENTICUS YACHT CLUB, THE YORK FIRE DEPT, PISCATAQUA GARDEN CLUB, AND THE INTERNATIONAL FEDERATION OF WOMEN'S CLUB OF AMERICA.

Program Service Accomplishments

Program 1

Expenses: $1,217,255 Revenue: $998,103

DURING THE YEAR THE ORGANIZATION OPERATED A SOCIAL CLUB FOR THE BENEFIT OF ITS MEMBERS. ACTIVITIES INCLUDED DINNERS, PRESENTATIONS, AND PERFORMANCES.

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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 $29,346

Program Service Revenue $687,537

Investment Income $34,255

Other Revenue $454,869

TOTAL REVENUE $1,206,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,220

Fundraising Expenses $0

Program Expenses $1,217,255

Other Expenses $478,035

TOTAL EXPENSES $1,217,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,206,007	$1,072,121	+0.1%
Expenses	$1,217,255	$1,129,386	+0.1%
Net Income	$-11,248	$-57,265	-0.8%

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

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA SHERMAN	SECRETARY	1.00	Director	$0	$0	$0
SAMUEL FINLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER LINDOP	VICE PRESIDENT	1.00	Director	$0	$0	$0
PETER DRISCOLL	PRESIDENT	1.00	Director	$0	$0	$0
TYLER BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA FENNEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL FORD III	TREASURER	1.00	Director	$0	$0	$0
SHAWN WILSON	BOARD MEMBER	1.00	Director	$30,000	$0	$30,000
DAVID P MAZUR	GENERAL MANAGER	40.00	Highest	$117,673	$0	$117,673

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	$1,206,007	$1,217,255	$1,623,775	$-11,248
2023	$1,072,121	$1,129,386	$1,611,540	$-57,265
2022	$982,097	$1,011,319	$1,718,429	$-29,222
2021	$943,414	$959,576	$1,432,252	$-16,162
2020	$682,331	$703,847	$1,222,089	$-21,516
2019	$868,835	$932,925	$1,202,876	$-64,090
2018	$806,278	$894,860	$1,243,790	$-88,582