MALLETTS BAY BOAT CLUB

EIN: 030194221

COLCHESTER, VT

Total Revenue
$211,922
Total Expenses
$211,157
Total Assets
$588,339
Net Assets
$498,431
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
VT
Principal Officer
JONATHAN BROOKS
Phone
8023718577
Tax Period
2023-01-01 to 2023-12-31

MALLETTS BAY BOAT CLUB, founded in 1947, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $498K represent 28 months of operating reserves.

Mission

THE MALLETTS BAY BOAT CLUB, INC. IS A NOT-FOR-PROFIT, MEMBERSHIP-GOVERNED CLUB FORMED TO PROVIDE FACILITIES AND PROGRAMS TO ENCOURAGE AND PROMOTE SAILING, BOATING, AND OTHER WATER-RELATED RECREATIONAL ACTIVITIES ON LAKE CHAMPLAIN. RACING, CRUISING, EDUCATIONAL AND FAMILY-ORIENTED SOCIAL ACTIVITIES ARE MADE AVAILABLE FOR THE ENJOYMENT AND BENEFIT OF ITS MEMBERS OF ALL AGES. THE PERPETUATION AND ENHANCEMENT OF THESE FACILITIES AND PROGRAMS ARE THE RESPONSIBILITY OF ALL THE MEMBERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,480
Program Service Revenue $28,063
Investment Income $5,549
Other Revenue $13,830
TOTAL REVENUE $211,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,964
Fundraising Expenses $0
Other Expenses $141,193
TOTAL EXPENSES $211,157

Year-over-Year Comparison

2023 2022 Change
Revenue $211,922 $186,113 +0.1%
Expenses $211,157 $232,442 -0.1%
Net Income $765 $-46,329 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
15
Volunteers
100

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
4
$5,000
Total Directors
14
$5,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE CONDON TREASURER 12.00
Officer Director
$0 $5,000 $5,000
MARK BAGLINI DIRECTOR 3.00
Director
$0 $0 $0
JONATHAN BROOKS PRESIDENT 3.00
Officer Director
$0 $0 $0
STEVE CALLISON DIRECTOR 3.00
Director
$0 $0 $0
PERRY CONDON DIRECTOR 3.00
Director
$0 $0 $0
DAVE JILLSON VICE PRESIDE 3.00
Officer Director
$0 $0 $0
SHELLEY MATHIAS DIRECTOR 3.00
Director
$0 $0 $0
RICH MILLER DIRECTOR 3.00
Director
$0 $0 $0
KIMBERLY PRATT DIRECTOR 3.00
Director
$0 $0 $0
SAM PRATT DIRECTOR 3.00
Director
$0 $0 $0
MIKE QUAID DIRECTOR 3.00
Director
$0 $0 $0
ZOLTON SACHS VICE PRESIDE 3.00
Officer Director
$0 $0 $0
SUSAN SULLIVAN DIRECTOR 3.00
Director
$0 $0 $0
JULIE TROTTIER DIRECTOR 3.00
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 No data No data No data No data
2023 $211,922 $211,157 $588,339 $765
2022 $186,113 $232,442 $559,423 $-46,329
2021 $205,684 $221,553 $613,333 $-15,869
2020 $176,395 $163,574 $633,280 $12,821
Explore More Nonprofits
Top 100 Nonprofits in Vermont Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MALLETTS BAY BOAT CLUB with other nonprofits in Vermont and across the country.