MEGANSETT YACHT CLUB INC (EIN 042379327) - 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

1933

Principal Officer

SUSAN MITCHELL

Phone

5085639812

Tax Period

2024-01-01 to 2024-12-31

MEGANSETT YACHT CLUB INC, founded in 1933, is a small nonprofit that reported $765K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 63% operating margin.

Mission

SOCIAL PLEASURE AND RECREATION

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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 $670,267

Program Service Revenue $94,747

Investment Income $0

Other Revenue $0

TOTAL REVENUE $765,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,884

Fundraising Expenses $0

Other Expenses $199,540

TOTAL EXPENSES $282,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$765,014	$291,693	+1.6%
Expenses	$282,424	$297,480	-0.1%
Net Income	$482,590	$-5,787	-84.4%

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

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
ROBERT NAUMES JR	VICE-COMMODO	2.00	Officer Director	$0	$0	$0
JACQUELINE ARNOLD	REAR COMMODO	2.00	Officer	$0	$0	$0
RICHARD BONZAGNI	REAR COMMODO	2.00	Officer	$0	$0	$0
JULIE WHITNEY	SECRETARY	2.00	Officer	$0	$0	$0
SUSAN MITCHELL	TREASURER	2.00	Officer	$0	$0	$0
MICHAEL CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
TIM LOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
MEAGHAN MCGARRY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN SUTTER	DIRECTOR	1.00	Director	$0	$0	$0
JANE CULLINAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SERGI	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE HURLEY	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	$765,014	$282,424	$927,382	$482,590
2023	$291,693	$297,480	$444,792	$-5,787
2022	$285,283	$332,589	$471,384	$-47,306
2021	$209,175	$244,958	$569,232	$-35,783
2020	$174,821	$185,472	$605,015	$-10,651

MEGANSETT YACHT CLUB INC