Centerboard Yacht Club (EIN 010273431) - 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

1937

Legal Domicile

Principal Officer

Charles Donahue

Phone

2077998192

Tax Period

2023-11-01 to 2024-10-31

Centerboard Yacht Club, founded in 1937, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Expenses of $201K left a modest 6% surplus.

Mission

The object of this club shall be to encourage the sport of yachting, to promote the science of seamanship, navigation, and small boat handling, to maintain a suitable Clubhouse.

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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 $214,194

Program Service Revenue $263

Investment Income $86

Other Revenue $0

TOTAL REVENUE $214,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,483

Fundraising Expenses $0

Other Expenses $167,186

TOTAL EXPENSES $200,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,543	$217,142	0.0%
Expenses	$200,669	$204,120	0.0%
Net Income	$13,874	$13,022	+0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Fream	Commodore	10.00	Officer Director	$0	$0	$0
Erik Jorgensen	Vice Commodore	10.00	Officer Director	$0	$0	$0
Richard Curry	Secretary	10.00	Officer Director	$0	$0	$0
Charles Donahue	Treasurer	10.00	Officer Director	$0	$0	$0
Gretchen Henderson	Rear Commodore	5.00	Officer Director	$0	$0	$0
Brad Ciechomski	Trustee	5.00	Director	$0	$0	$0
Steve Hinitt	Trustee	5.00	Director	$0	$0	$0
Marshall Pillsbury	Trustee	5.00	Director	$0	$0	$0
Chip Gavin	Trustee	5.00	Director	$0	$0	$0
Peter Ocampo	Trustee	5.00	Director	$0	$0	$0
Henry Cormier	Trustee	5.00	Director	$0	$0	$0
Eliza Rauscher	Trustee	5.00	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	$214,543	$200,669	$1,683,012	$13,874
2023	$217,142	$204,120	$1,693,854	$13,022
2022	$215,605	$216,677	$1,702,808	$-1,072
2021	$220,279	$191,118	$1,722,630	$29,161
2020	$203,938	$157,949	$1,712,266	$45,989

Centerboard Yacht Club