WESSAGUSSETT YACHT CLUB INC (EIN 041958922) - 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

1903

Principal Officer

KEITH CONNAUGHTON

Phone

7814125546

Tax Period

2024-01-01 to 2024-12-31

WESSAGUSSETT YACHT CLUB INC, founded in 1903, is a small nonprofit in the Recreation & Sports sector that reported $331K in total revenue in fiscal year 2024. Expenses of $292K left a modest 12% surplus.

Mission

THE CLUB PROVIDES AND MAINTAINS FACILITIES FOR ITS APPROXIMATELY 200 MEMBERS TO MOOR AND MAINTAIN THEIR BOATS IN A SECURE AREA. THE CLUB PROMOTES BOATING INTERESTS AND BOATING SAFETY.

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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 $209,682

Program Service Revenue $103,871

Investment Income $6,580

Other Revenue $11,261

TOTAL REVENUE $331,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,924

Fundraising Expenses $0

Program Expenses $292,168

Other Expenses $199,244

TOTAL EXPENSES $292,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,394	$314,852	+0.1%
Expenses	$292,168	$288,881	+0.0%
Net Income	$39,226	$25,971	+0.5%

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

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
MARK CHERWEK	TREASURER	5.00	Officer	$0	$0	$0
ANDREW PERRIN	DIRECTOR	5.00	Officer	$0	$0	$0
KEITH CONNAUGHTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHY DANIELS	SECRETARY	5.00	Officer	$0	$0	$0
KEN MELCHIN	VICE PRESIDE	5.00	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	$331,394	$292,168	$267,534	$39,226
2023	$314,852	$288,881	$254,566	$25,971
2022	$577,146	$440,042	$231,691	$137,104
2021	$329,990	$298,420	$97,579	$31,570
2020	$264,340	$307,156	$90,232	$-42,816
2019	$329,321	$314,039	$128,414	$15,282
2018	$334,600	$358,152	$119,140	$-23,552

WESSAGUSSETT YACHT CLUB INC