SEAL HARBOR YACHT CLUB INC

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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

2000

Legal Domicile

Principal Officer

MICHAEL WRAY

Phone

2072765888

Tax Period

2023-01-01 to 2023-12-31

SEAL HARBOR YACHT CLUB INC, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $271K in total revenue in fiscal year 2023. Net assets of $685K represent 30 months of operating reserves.

Mission

TO PROVIDE SAILING PROGRAMS FOR CHILDREN.

Program Service Accomplishments

Program 1

EACH SUMMER, THE CLUB PROVIDES CERTIFICATES TO CHILDREN WHO COMPLETE THE REQUIREMENTS OF THE ROWING, BEGINNING AND ADVANCED SAILING PROGRAMS. APPROXIMATELY 40 CERTIFICATES ARE AWARDED. THE CLUB HOLDS AN ANNUAL REGATTA. OVER 75 SAILORS FROM COMMUNITY BOAT CLUBS AND YACHT CLUBS IN THE SURROUNDING AREA ENJOY A DAY OF COMPETITIVE SAILBOAT RACING IN OPTIMISTS, MERCURYS, 420S AND KEELBOATS.

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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 $228,704

Program Service Revenue $34,619

Investment Income $540

Other Revenue $7,569

TOTAL REVENUE $271,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,529

Fundraising Expenses $0

Other Expenses $196,485

TOTAL EXPENSES $272,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,432	$260,817	+0.0%
Expenses	$272,014	$266,420	+0.0%
Net Income	$-582	$-5,603	-0.9%

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
STEFAN H CUSHMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ELLIS	SECRETARY &	2.00	Officer Director	$0	$0	$0
ADAM FOULKE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS FREMONT-SMITH	REAR COMMODO	2.00	Officer Director	$0	$0	$0
ANN K GALYEAN	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS GRAY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH G HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
ASA E PHILLIPS III	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH G FOGG III	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SULLIVAN JR	VICE COMMODO	2.00	Officer Director	$0	$0	$0
JOHN GT SLATER JR	DIRECTOR	1.00	Director	$0	$0	$0
F BROOKS MATHESON	DIRECTOR	1.00	Director	$0	$0	$0
MAGDALENA MIQUENS	DIRECTOR	1.00	Director	$0	$0	$0
HARTLEY R ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA STONE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STRAWBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID THIBODEAU	TREASURER	2.00	Officer Director	$0	$0	$0
SANFORD WHITEHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA DU PONT WHITEHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WRAY	COMMODORE	2.00	Officer 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	$271,432	$272,014	$703,343	$-582
2022	$260,817	$266,420	$685,218	$-5,603
2021	$258,108	$266,354	$692,565	$-8,246
2020	$219,256	$191,067	$702,056	$28,189
2019	$297,049	$235,167	$692,636	$61,882
2018	$232,008	$213,443	$620,639	$18,565