Quissett Yacht Club Inc (EIN 042260506) - 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

1959

Legal Domicile

Principal Officer

Tom Tullius

Phone

5085401896

Tax Period

2023-01-01 to 2023-12-31

Quissett Yacht Club Inc, founded in 1959, is a small nonprofit that reported $218K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $457K represent 25 months of operating reserves.

Mission

Provide instruction and guidance in a junior sailing program, boating programs and social 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 $105,189

Program Service Revenue $108,295

Investment Income $4,768

Other Revenue $-56

TOTAL REVENUE $218,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,765

Fundraising Expenses $0

Program Expenses $209,446

Other Expenses $147,772

TOTAL EXPENSES $212,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,196	$197,273	+0.1%
Expenses	$212,537	$197,138	+0.1%
Net Income	$5,659	$135	+40.9%

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

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
Tom Tullius	Commodore	1.00	Officer	$0	$0	$0
Eric Karplus	Vice Commodore	1.00	Officer	$0	$0	$0
Mike Garfield	Rear Commodore	1.00	Officer	$0	$0	$0
Maureen Lynch	Treasurer	1.00	Officer	$0	$0	$0
Daniel Robb	Secretary	1.00	Officer	$0	$0	$0
Sally Reid	Director	1.00	Director	$0	$0	$0
Ed Jackson	Director	1.00	Director	$0	$0	$0
Chris McGuire	Director	1.00	Director	$0	$0	$0
Bernadette Levesque	Director	1.00	Director	$0	$0	$0
Sarah Meigs	Director	1.00	Director	$0	$0	$0
Andy Buckingham	Director	1.00	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	No data	No data	No data	No data
2023	$218,196	$212,537	$458,534	$5,659
2022	$197,273	$197,138	$451,639	$135
2021	$168,872	$175,672	$451,504	$-6,800
2020	$130,864	$126,647	$484,851	$4,217
2019	$179,652	$168,191	$454,086	$11,461
2018	$177,125	$182,524	$442,025	$-5,399

Quissett Yacht Club Inc