LYNN YACHT CLUB (EIN 041564300) - 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

1870

Legal Domicile

Principal Officer

BARRY COHEN

Phone

7815959825

Tax Period

2024-01-01 to 2024-12-31

LYNN YACHT CLUB, founded in 1870, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $213K left a modest 4% surplus.

Mission

SOCIAL CLUB FOR MEMBERS AND BOATING EDUCATION

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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 $35,775

Program Service Revenue $136,153

Investment Income $787

Other Revenue $50,638

TOTAL REVENUE $223,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,136

Fundraising Expenses $0

Program Expenses $77,573

Other Expenses $207,293

TOTAL EXPENSES $213,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,353	$166,332	+0.3%
Expenses	$213,429	$182,405	+0.2%
Net Income	$9,924	$-16,073	-1.6%

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

$1,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN HOWARD	VICE COMMODORE	8.00	Officer	$0	$0	$0
VINCENT CONTE	COMMODORE	8.00	Officer	$0	$0	$0
GARDINER PARKER	REAR COMMODORE	8.00	Officer	$0	$0	$0
BARRY COHEN	TREASURER	8.00	Officer	$1,000	$0	$1,000
DAVID MCQUARRIE	SECRETARY	8.00	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	$223,353	$213,429	$323,106	$9,924
2023	$166,332	$182,405	$313,080	$-16,073
2022	$188,808	$199,789	$329,806	$-10,981
2021	$175,177	$171,445	$338,358	$3,732
2020	$205,884	$209,790	$355,048	$-3,906
2019	$245,205	$255,930	$340,854	$-10,725
2018	$216,946	$249,401	$350,453	$-32,455

LYNN YACHT CLUB