NANTUCKET YACHT CLUB (EIN 041649850) - 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

1920

Legal Domicile

Principal Officer

BETSY MORGAN

Phone

5082281400

Tax Period

2024-11-01 to 2025-10-31

NANTUCKET YACHT CLUB, founded in 1920, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $20.4M represent 30 months of operating reserves.

Mission

TO PROVIDE MEANS FOR THE RECREATION AND ENTERTAINMENT OF ITS MEMBERS, BY ESTABLISHING AND MAINTAINING A CLUB WITH THE PROPER BUILDINGS, GROUNDS, AND FACILITIES TO PROMOTE YACHTING, SPORTS AND SOCIAL ACTIVITIES.

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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 $0

Program Service Revenue $7,682,906

Investment Income $38,401

Other Revenue $444,280

TOTAL REVENUE $8,165,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,822,907

Fundraising Expenses $0

Other Expenses $5,098,157

TOTAL EXPENSES $7,921,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,165,587	$9,081,723	-0.1%
Expenses	$7,921,064	$7,273,658	+0.1%
Net Income	$244,523	$1,808,065	-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

152

Volunteers

130

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

$1,332,489

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BURTON HURLOCK	COMMODORE	1.00	Officer Director	$0	$0	$0
DAVID WORTH	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JAY NICHOLS	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
BETSY MORGAN	TREASURER	1.00	Officer Director	$0	$0	$0
SKIP WILLAUER	FLEET CAPTAIN	1.00	Officer Director	$0	$0	$0
JAMES WATERBURY	SECRETARY	1.00	Officer Director	$0	$0	$0
DOROTHY BAKER	GOVERNOR	1.00	Director	$0	$0	$0
V ADM JOHN BALDWIN	HONORARY GOVERNOR	1.00	Director	$0	$0	$0
ALLEN BREED	GOVERNOR	1.00	Director	$0	$0	$0
LISSY STEVENSON BRYAN	GOVERNOR	1.00	Director	$0	$0	$0
CONSTANCE CROSBY	GOVERNOR	1.00	Director	$0	$0	$0
ELIZABETH GILBERT-BONO	GOVERNOR	1.00	Director	$0	$0	$0
ERIN HABERSTROH	GOVERNOR	1.00	Director	$0	$0	$0
CARL JELLEME	GOVERNOR	1.00	Director	$0	$0	$0
MICHAEL KENNEDY	GOVERNOR	1.00	Director	$0	$0	$0
EVAN KORNACK	GOVERNOR	1.00	Director	$0	$0	$0
LINDA MCGRATH	GOVERNOR	1.00	Director	$0	$0	$0
PAULA MCLEOD	GOVERNOR	1.00	Director	$0	$0	$0
JEANNE MILLER	GOVERNOR	1.00	Director	$0	$0	$0
WEST RIGGS	GOVERNOR	1.00	Director	$0	$0	$0
ANTHONY SCHWEIZER	GOVERNOR	1.00	Director	$0	$0	$0
STEVE ULIAN	GOVERNOR	1.00	Director	$0	$0	$0
LYNELL VOLLANS	CONTROLLER	40.00	Key Emp	$188,522	$31,000	$219,522
CHRIS FREEMAN	CHEF	40.00	Key Emp	$209,310	$20,700	$230,010
PETER MCEACHERN	GENERAL MANAGER	40.00	Key Emp	$426,427	$34,750	$461,177
VINCENT RAIMO	FACILITIES MANAGER	40.00	Key Emp	$183,560	$31,000	$214,560
KEN WASSERMAN	DIRECTOR OF TENNIS	40.00	Key Emp	$207,220	$0	$207,220
JUSTIN ASSAD	SAILING MASTER	40.00	Highest	$147,543	$0	$147,543

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	$8,165,587	$7,921,064	$20,967,055	$244,523
2024	$9,081,723	$7,273,658	$20,778,497	$1,808,065
2023	$7,025,808	$6,835,573	$19,208,963	$190,235
2022	$6,859,469	$6,595,435	$19,330,273	$264,034
2021	$6,687,559	$6,114,169	$19,886,447	$573,390
2020	$6,061,362	$5,250,404	$20,359,857	$810,958
2019	$6,686,052	$6,015,475	$20,025,958	$670,577
2018	$6,254,996	$6,569,317	$19,952,362	$-314,321

NANTUCKET YACHT CLUB