MALLETTS BAY BOAT CLUB

EIN: 030194221

COLCHESTER, VT

Total Revenue
$258,562
Total Expenses
$363,632
Total Assets
$804,997
Net Assets
$436,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
VT
Principal Officer
MICHAEL QUAID
Phone
8025355055
Tax Period
2025-01-01 to 2025-12-31

MALLETTS BAY BOAT CLUB, founded in 1947, is a small nonprofit that reported $259K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $364K exceeded revenue, resulting in a 41% operating deficit.

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.

Program Service Accomplishments

Program 1

THE CLUB HAS BEEN IN CONTINUOUS OPERATION SINCE 1936 AS A VOLUNTARY PARTICIPATORY CLUB, MEANING THAT THE MEMBERS MANAGE AND PERFORM ALL THE WORK INVOLVED WITH KEEPING A CLUB SUCH AS OURS GOING. IN...

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THE CLUB HAS BEEN IN CONTINUOUS OPERATION SINCE 1936 AS A VOLUNTARY PARTICIPATORY CLUB, MEANING THAT THE MEMBERS MANAGE AND PERFORM ALL THE WORK INVOLVED WITH KEEPING A CLUB SUCH AS OURS GOING. IN ADDITION, THE MEMBERS SHARE A COMMON INTEREST IN SAILING AND BOATING ON LAKE CHAMPLAIN WHICH VARIOUS CLUB ACTIVITIES ENCOURAGE. MEMBERSHIP IS OPEN TO SAILBOATERS THROUGH AN APPLICATION PROCESS. THE CLUB HAS A VERY ACTIVE SOCIAL CALENDAR BEGINNING IN THE WINTER AND CONTINUING IN MAY WITH THE TRADITIONAL GET ACQUAINTED PARTY TO INTRODUCE NEW MEMBERS TO THE REST OF THE CLUB. THERE ARE NUMEROUS SUMMER WEEKEND AND EVENING COOKOUTS AND PARTIES AT THE CLUB WHICH OFTEN FOLLOW RACES. THESE ARE LISTED IN A CALENDAR PRINTED IN THE CLUB LOG. THE SOCIAL SEASON ENDS IN THE FALL WITH A SEASON ENDING BANQUET. THE CLUBHOUSE IS AVAILABLE FOR THE MEMBERS TO USE AND ENJOY. IT IS THE RESPONSIBILITY OF THE MEMBERSHIP TO HELP MAINTAIN THE CLUBHOUSE AND THE SURROUNDING GROUNDS. THERE ARE BATHROOMS AND SHOWERS ON THE GROUND FLOOR, AS WELL AS A NUMBER OF LOCKERS WHICH ARE AVAILABLE TO RENT FOR A NOMINAL FEE, BY CLUB MEMBERS. THE UPSTAIRS OF THE CLUB HOUSES AN ATTRACTIVE LOUNGE AND IS THE SITE OF THE MAJORITY OF OUR SOCIAL EVENTS. THERE IS A SMALL KITCHEN AND A VIDEO CENTER FOR VIEWING SAILING RELATED VIDEOS. THERE IS ALSO A LIBRARY STOCKED WITH SAILING BOOKS. IN ADDITION ALL OF THE CLUB SAILING TROPHIES ARE DISPLAYED IN THE TROPHY CASE ON THE MAIN FLOOR OF THE CLUBHOUSE. AT THE WEST END OF THE CLUBHOUSE IS AN APARTMENT WHICH HOUSES TENANTS WHO HELP PROVIDE SECURITY FOR THE CLUB. THE CLUB RUNS A VERY ACTIVE RACE SCHEDULE WITH A THURSDAY NIGHT RACE SERIES FOR CRUISING BOATS, A TUESDAY NIGHT LASER SERIES, MULTIPLE WEEKEND RACES FOR ONE DESIGN AND CRUISING BOATS AND A FALL SERIES OF RACES. IN ADDITION, THE CLUB IS ONE OF THREE MEMBERS OF THE LAKE CHAMPLAIN RACING CONFERENCE AND HOSTS SEVERAL CONFERENCE RACES DURING THE SUMMER WHICH ARE ALSO OPEN TO CLUB MEMBERS. ANY MEMBER OF THE RACING COMMITTEE WOULD BE HAPPY TO ANSWER ANY QUESTIONS PROSPECTIVE MEMBERS HAVE ABOUT CLUB RACING AND OUR RACING PROGRAM. CREWING SPOTS ON RACING BOATS ARE ALWAYS AVAILABLE TO CLUB MEMBERS WHO WOULD LIKE TO GET A TASTE OF RACING WITHOUT INVOLVING THEIR OWN BOATS. A BULLETIN BOARD IN THE LOWER LEVEL OF THE CLUB IS AVAILABLE TO ADVERTISE YOUR INTEREST IN CREWING. NON-MEMBERS ARE ALSO ENCOURAGED TO PARTICIPATE IN ALL CLUB RACES. BECAUSE THE CLUB IS VOLUNTARY OPERATION, WE ACCOMPLISH THE WORK THROUGH A NUMBER OF COMMITTEES. THE FIRST AND MOST IMPORTANT COMMITTEE IS THE AFTERGUARD WHICH IS THE GOVERNING BODY OF THE CLUB AND IS ELECTED AT THE ANNUAL MEETING IN OCTOBER BY THE MEMBERSHIP. THE AFTERGUARD HELPS TO RUN THE CLUB'S OPERATIONS AND CHAIR THE VARIOUS COMMITTEES, WHICH INCLUDE: CRUISE, ENTERTAINMENT, FINANCE, GROUNDS, HARBOR, JUNIOR SAILING, LAUNCH, LONG RANGE PLANNING, MEMBERSHIP OPERATIONS, AND RACE COMMITTEE. EVERY CLUB MEMBER IS EXPECTED TO SERVE ON AT LEAST ONE COMMITTEE. THE CLUB HAS AN ACTIVE SAILING INSTRUCTION PROGRAM THROUGHOUT THE SUMMER MONTHS FOR CHILDREN OF MEMBERS AND NON-MEMBERS. THE PROGRAM TRADITIONALLY HAS BEEN FOR YOUTHS FROM THE AGES OF 8 TO 16 AND CLASSES VARY FROM BEGINNERS TO ADVANCED RACING. THE JUNIOR SAILING PROGRAM OWNS A FLEET OF FLYING JUNIORS/OPTIMISTS AND EXPERT INSTRUCTION IS AVAILABLE FROM SAILING INSTRUCTORS. THE JUNIOR RACERS COMPETE BOTH ON THE LAKE AND ALSO IN THE WATERS OF NEIGHBORING STATES. THERE IS AN ADDITIONAL FEE FOR THIS PROGRAM. THE CLUB TRADITIONALLY OFFERS CRUISES THROUGHOUT THE SUMMER TO VARIOUS SPOTS ON THE LAKE. THERE ARE MANY WEEKEND CRUISES DURING THE SUMMER WHICH PROVIDE A GREAT OPPORTUNITY FOR CLUB MEMBERS TO EXPLORE VARIOUS PARTS OF THE LAKE AND RAFT UP FOR A SOCIAL GATHERING ON THE EVENING OF THE CRUISE. THE CLUB OPERATES AND MAINTAINS A MOORING FIELD FOR THE MEMBER'S BOATS. EACH MEMBER IS ENTITLED TO ONE MOORING. THE HARBOR COMMITTEE IS AVAILABLE TO ASSIST THE NEW CLUB MEMBERS IN COMPLYING WITH THE REQUIREMENTS OF THE MOORING SYSTEM AND WILL DETERMINE MOORING ASSIGNMENTS BEST SUITED TO THE MEMBER'S BOAT.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $187,942
Program Service Revenue $41,432
Investment Income $7,884
Other Revenue $21,304
TOTAL REVENUE $258,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,228
Fundraising Expenses $0
Other Expenses $285,404
TOTAL EXPENSES $363,632

Year-over-Year Comparison

2025 2024 Change
Revenue $258,562 $233,115 +0.1%
Expenses $363,632 $202,263 +0.8%
Net Income $-105,070 $30,852 -4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
13
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
$8,000
Total Directors
17
$8,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE MATHIAS TREASURER 12.00
Officer Director
$8,000 $0 $8,000
MICHAEL QUAID PRESIDENT 3.00
Officer Director
$0 $0 $0
LEONARD PHELAN VICE PRESIDE 3.00
Officer Director
$0 $0 $0
DELLA LEONARD SECRETARY 3.00
Officer Director
$0 $0 $0
NATHANIEL KEMP DIRECTOR 3.00
Director
$0 $0 $0
STEPHANIE DAVISON DIRECTOR 3.00
Director
$0 $0 $0
ALAN BOTULA DIRECTOR 3.00
Director
$0 $0 $0
MELISSA PHELAN DIRECTOR 3.00
Director
$0 $0 $0
RUSS CHAPMAN DIRECTOR 3.00
Director
$0 $0 $0
JOHN REYNOLDS DIRECTOR 3.00
Director
$0 $0 $0
CHRISTINE KEMP DIRECTOR 3.00
Director
$0 $0 $0
PERRY CONDON DIRECTOR 3.00
Director
$0 $0 $0
BETH BRODIE DIRECTOR 3.00
Director
$0 $0 $0
STEVE CALLISON UNTIL OCT 2025 DIRECTOR 3.00
Director
$0 $0 $0
SAM PRATT UNTIL OCT 2025 DIRECTOR 3.00
Director
$0 $0 $0
SUSAN SULLIVAN UNTIL OCT 2025 DIRECTOR 3.00
Director
$0 $0 $0
KIM PRATT UNTIL OCT 2025 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
2025 $258,562 $363,632 $804,997 $-105,070
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
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