SCITUATE HARBOR YACHT CLUB (EIN 041815705) - 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

1940

Legal Domicile

Principal Officer

SARAH JANE BAKER

Phone

7818371407

Tax Period

2023-11-01 to 2024-10-31

SCITUATE HARBOR YACHT CLUB, founded in 1940, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

SOCIAL AND RECREATIONAL ACTIVITIES 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,292,825

Investment Income $6,609

Other Revenue $100,250

TOTAL REVENUE $1,399,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,756

Fundraising Expenses $0

Program Expenses $1,565,423

Other Expenses $1,292,212

TOTAL EXPENSES $1,686,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,399,684	$1,337,181	+0.0%
Expenses	$1,686,968	$1,384,280	+0.2%
Net Income	$-287,284	$-47,099	+5.1%

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

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
ADAM CULBERT	COMMODORE	0.50	Officer Director	$0	$0	$0
ROBERT HAMEL	VICE COMMODORE	0.50	Officer Director	$0	$0	$0
SARAH BAKER	REAR COMMODORE	0.50	Officer Director	$0	$0	$0
MIKE MURPHY	TREASURER	0.50	Officer Director	$0	$0	$0
CHRIS BRABHAM	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
MATT WEST	SECRETARY	0.50	Officer 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	$1,399,684	$1,686,968	$2,895,342	$-287,284
2023	$1,337,181	$1,384,280	$3,276,300	$-47,099
2022	$1,295,140	$1,246,284	$3,432,864	$48,856
2021	$1,305,461	$1,199,144	$3,142,608	$106,317
2020	$1,341,230	$1,121,459	$3,097,201	$219,771
2019	$1,269,755	$1,124,508	$2,965,170	$145,247
2018	$1,253,263	$1,060,889	$2,859,595	$192,374

SCITUATE HARBOR YACHT CLUB