POINT INDEPENDENCE YACHT CLUB INC (EIN 041734331) - 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

1908

Legal Domicile

Principal Officer

ERIN SCHAAF

Phone

5082953972

Tax Period

2024-01-01 to 2024-12-31

POINT INDEPENDENCE YACHT CLUB INC, founded in 1908, is a small nonprofit that reported $671K in total revenue in fiscal year 2024. Net assets of $1.5M represent 27 months of operating reserves.

Mission

THE CLUB'S MISSION IS TO PROVIDE AN OCEANSIDE CLUBHOUSE AND BOATING FACILITIES FOR MEMBERS.

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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 $588,913

Investment Income $4,950

Other Revenue $77,553

TOTAL REVENUE $671,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,176

Fundraising Expenses $0

Program Expenses $420,016

Other Expenses $549,742

TOTAL EXPENSES $694,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,416	$641,931	+0.0%
Expenses	$694,918	$633,619	+0.1%
Net Income	$-23,502	$8,312	-3.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KUPPENS	DIRECTOR	2.00	Director	$0	$0	$0
EMMANUEL GOMES	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BEAULIEU	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL IAPPINI	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MELLONI	DIRECTOR	2.00	Director	$0	$0	$0
DONALD E PHIPPS	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY BUKUNT	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE COUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
RONALD ENOS	DIRECTOR	2.00	Director	$0	$0	$0
PAUL BEAULIEU	DIRECTOR	2.00	Director	$0	$0	$0
GLENN SAWYER JR	DIRECTOR	2.00	Director	$0	$0	$0
BRAD MORSE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS SULLIVAN	PRESIDENT	2.00	Officer	$0	$0	$0
ERIN SCHAAF	TREASURER	8.00	Officer	$0	$0	$0
PATRICK POWERS	CLERK	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	$671,416	$694,918	$2,092,860	$-23,502
2023	$641,931	$633,619	$2,145,926	$8,312
2022	$617,941	$580,060	$2,162,491	$37,881
2021	$555,269	$490,422	$2,151,281	$64,847
2020	$519,429	$447,927	$2,110,784	$71,502
2019	$551,614	$449,731	$2,032,385	$101,883

POINT INDEPENDENCE YACHT CLUB INC