QUINCY, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SQUANTUM YACHT CLUB, founded in 1890, is a small nonprofit that reported $209K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 21% operating deficit.
SQUANTUM YACHT CLUB PROVIDES ITS MEMBERS WITH BOATING AND YACHT SUPPORT SERVICES. IT ALSO PROMOTES BOAT SAFETY AND SPONSORS BOTH ADULT AND YOUTH BOATING ACTIVITIES. SQUANTUM YACHT CLUB HAS PROMOTED BOATING IN QUINCY BAY AND SURROUNDING WATERS SINCE THE LATE 1800S. THE CLUB HAS 75 REGULAR MEMBERS, 30 LIFE MEMBERS AND 57 SOCIAL MEMBERS. IT RUNS A JUNIOR SAILING PROGRAM FOR BOTH MEMBER AND NON-MEMBER CHILDREN IN THE COMMUNITY (AGES 8-17). THE SQUANTUM YACHT CLUB HAS BEEN HOSTING THE LIPTON CUP REGATTA IN THE MONTH OF JULY FOR OVER 30 YEARS. IT DRAWS BOTH JUNIOR AND ADULT SAILORS FROM ALL OVER NEW ENGLAND. SQUANTUM YACHT CLUB ALSO PROVIDES FREE USAGE OF IT'S HALL TO THE QUINCY HIGH SCHOOL SPORTS TEAMS AND OTHER CIVIC ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $208,548 | $325,741 | -0.4% |
| Expenses | $253,071 | $322,564 | -0.2% |
| Net Income | $-44,523 | $3,177 | -15.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT DESMOND | REAR COMMODORE | 2.00 |
Director
|
$0 | $0 | $0 |
| SEAN COUTURE | VICE COMMONDORE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK JAEHNIG | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ARTHUR FORMANEK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY MICHAEL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SAL DARJI | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| JOHN CIANCI | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| ELIZABETH NUZZO | FIN SECT | 2.00 |
Officer
|
$0 | $0 | $0 |
| CHARLES KOURAFAS | PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $208,548 | $253,071 | $93,453 | $-44,523 |
| 2023 | $325,741 | $322,564 | $137,479 | $3,177 |
| 2022 | $242,745 | $277,991 | $125,862 | $-35,246 |
| 2020 | $69,760 | $74,776 | $224,116 | $-5,016 |
| 2019 | $101,529 | $114,784 | $229,113 | $-13,255 |
Compare SQUANTUM YACHT CLUB with other nonprofits in Massachusetts and across the country.