KITTERY POINT YACHT CLUB (EIN 026006021) - 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

1986

Legal Domicile

Principal Officer

DAVID SEVERANCE

Phone

6038687475

Tax Period

2024-01-01 to 2024-12-31

KITTERY POINT YACHT CLUB, founded in 1986, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $251K left a modest 13% surplus.

Mission

SOCIAL CLUB FOR SAILING AND YACHTING.

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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 $80,410

Program Service Revenue $139,366

Investment Income $419

Other Revenue $69,198

TOTAL REVENUE $289,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,412

Fundraising Expenses $0

Program Expenses $230,946

Other Expenses $228,226

TOTAL EXPENSES $250,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,393	$326,037	-0.1%
Expenses	$250,638	$245,527	+0.0%
Net Income	$38,755	$80,510	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCCOOLE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VARNEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS PINCIARO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF REILLY	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN KIMMEL	COMMODORE	2.00	Officer	$0	$0	$0
CHRIS OLSEN	VICE COMMODORE	2.00	Officer	$0	$0	$0
THOMAS SCHLADENHAUFFEN	REAR COMMODORE	2.00	Officer	$0	$0	$0
MICHAEL MILLIKAN	SECRETARY	2.00	Officer	$0	$0	$0
ADAM SHAPIRO	SECRETARY	2.00	Officer	$0	$0	$0
DAVID SEVERANCE	TREASURER	2.00	Officer	$0	$0	$0
JOHN SAKOVITS	FLEET CAPTAIN	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	$289,393	$250,638	$755,117	$38,755
2023	$326,037	$245,527	$766,527	$80,510
2022	$230,604	$208,840	$747,236	$21,764
2021	$190,628	$163,130	$382,564	$27,498
2020	$105,826	$111,528	$348,547	$-5,702

KITTERY POINT YACHT CLUB