CRESCENT YACHT CLUB INC (EIN 042499718) - 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

1938

Legal Domicile

Principal Officer

LISA CORR

Phone

9783603446

Tax Period

2024-01-01 to 2024-12-31

CRESCENT YACHT CLUB INC, founded in 1938, is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 36% operating deficit.

Mission

RECREATION ACTIVITIES FOR THE BENEFIT OF THE 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 (2024)

Revenue Breakdown

Contributions & Grants $8,000

Program Service Revenue $0

Investment Income $9

Other Revenue $132,777

TOTAL REVENUE $140,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $191,464

TOTAL EXPENSES $191,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,786	$208,433	-0.3%
Expenses	$191,464	$194,726	0.0%
Net Income	$-50,678	$13,707	-4.7%

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

N/A

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
DANA FIELDS	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
RICHARD LEBLANC	COMMODORE	1.00	Officer	$0	$0	$0
BEVERLEY DESORMEAUX	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
RICHARD CUMMINGS	FFLEET CAPTAIN	1.00	Officer	$0	$0	$0
LISA CORR	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH SHEPARD	VICE COMMORDORE	1.00	Officer	$0	$0	$0
JEREMIAH MCCARTHY	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
KEVIN DORR	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
THOMAS MCCARRON	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
REBECCA SCAGLIONE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
MICHELLE CARROLL	FINANCIAL SECRETARY	1.00	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	$140,786	$191,464	$198,131	$-50,678
2023	$208,433	$194,726	$248,809	$13,707
2022	$297,205	$223,617	$220,948	$73,588
2021	$290,935	$199,053	$147,477	$91,882
2020	$139,819	$529,276	$152,190	$-389,457
2019	$239,817	$213,678	$422,379	$26,139
2018	$190,114	$177,197	$396,240	$12,917
2017	$200,443	$199,233	$383,323	$1,210

CRESCENT YACHT CLUB INC