CHARLES RIVER YACHT CLUB INC (EIN 042401785) - 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

1968

Legal Domicile

Principal Officer

MARK NARDONE

Phone

6174899700

Tax Period

2024-01-01 to 2024-12-31

CHARLES RIVER YACHT CLUB INC, founded in 1968, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Expenses of $283K left a modest 4% surplus.

Mission

PROVIDE ITS MEMBERS OPPORTUNITIES FOR BOATING & FURTHER THE DEVELOPMENT OF THEIR NAUTICAL SKILLS. A CENTER FOR SOCIALIZING, AND A BASE FOR RELATED COMMUNITY SERVICES.

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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 $0

Program Service Revenue $295,890

Investment Income $8,955

Other Revenue $-8,803

TOTAL REVENUE $296,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,478

Fundraising Expenses $0

Other Expenses $228,471

TOTAL EXPENSES $282,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,042	$274,683	+0.1%
Expenses	$282,949	$262,594	+0.1%
Net Income	$13,093	$12,089	+0.1%

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

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
MARK NARDONE	JR PAST COMMODORE	20.00	Director	$0	$0	$0
TIMOTHY F ALLEN	TREASURER	20.00	Officer Director	$0	$0	$0
THOMAS CURRY	PRESIDENT	20.00	Officer Director	$0	$0	$0
LARRY KONTOS	CLERK	20.00	Officer Director	$0	$0	$0
BILL BRYANT	REAR COMMODORE	20.00	Director	$0	$0	$0
BRIAN LAMBERT	VICE COMMODORE	20.00	Officer Director	$0	$0	$0
NICK DIABAKERLY	DIRECTOR	20.00	Director	$0	$0	$0
JIMMY WALKER	DIRECTOR	20.00	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	$296,042	$282,949	$1,188,462	$13,093
2023	$274,683	$262,594	$1,175,169	$12,089
2022	$224,932	$278,341	$1,178,558	$-53,409
2021	$234,114	$233,621	$1,219,760	$493
2020	$231,982	$204,568	$1,222,532	$27,414
2019	$256,806	$217,957	$1,224,322	$38,849
2018	$279,444	$218,877	$1,151,358	$60,567

CHARLES RIVER YACHT CLUB INC