Harraseeket Yacht Club (EIN 010269721) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Phone

2078654949

Tax Period

2024-01-01 to 2024-12-31

Harraseeket Yacht Club is a tax-exempt nonprofit with EIN 010269721, based in South Freeport, ME. Founded in 1948, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $237,927 in total revenue and $210,085 in total expenses, with net assets of $974,695.

Mission

To encourage and promote the sport of boating & the science of seamanship and navigation, particularly through programs of instruction for young people and to do all things necessary or incidental through volunteerism to the accomplishment and fulfillment of said purposes.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,273

Program Service Revenue $212,480

Investment Income $2,674

Other Revenue $500

TOTAL REVENUE $237,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,910

Fundraising Expenses $0

Program Expenses $210,085

Other Expenses $128,175

TOTAL EXPENSES $210,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,927	$197,821	+0.2%
Expenses	$210,085	$155,709	+0.3%
Net Income	$27,842	$42,112	-0.3%

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

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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

200

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
Parker Hadlock	Rear Commodore	0.25	Officer Director	$0	$0	$0
Nat Warren White	Commodore	0.25	Officer Director	$0	$0	$0
Ross Taliaferro	Secretary	0.25	Officer Director	$0	$0	$0
Guy Ordway	Director	0.25	Director	$0	$0	$0
David Joyce	Vice Commodore	0.25	Officer Director	$0	$0	$0
Ben Willauer	Director	0.25	Director	$0	$0	$0
Deb Pinkham	Director	0.25	Director	$0	$0	$0
Stafford Soule	Treasurer	0.25	Officer Director	$0	$0	$0
Bill Creighton	Director	0.25	Director	$0	$0	$0
Vicky Smith	Director	0.25	Director	$0	$0	$0
Mary Hudson	Past Commodore	0.25	Officer Director	$0	$0	$0
Phil Taisey	Director	0.25	Director	$0	$0	$0
Ben Palmer	Director	0.25	Director	$0	$0	$0
Julia Veilleux	Director	0.25	Director	$0	$0	$0
Peter Selian	Director	0.25	Director	$0	$0	$0
Andrew Veilleux	Director	0.25	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	$237,927	$210,085	$974,695	$27,842
2023	$197,821	$155,709	$946,853	$42,112
2022	$227,766	$198,506	$904,767	$29,260
2021	$195,768	$188,469	$875,523	$7,299
2020	$179,594	$148,821	$878,574	$30,773
2019	$216,059	$173,295	$847,801	$42,764
2018	$207,158	$156,684	$805,037	$50,474
2017	$175,784	$131,134	$754,563	$44,650

Harraseeket Yacht Club