ORIENT HEIGHTS YACHT CLUB INC (EIN 042503211) - 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

1901

Legal Domicile

Principal Officer

Gerald Cangiano

Phone

6175679439

Tax Period

2023-07-01 to 2024-06-30

ORIENT HEIGHTS YACHT CLUB INC, founded in 1901, is a small nonprofit that reported $237K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $293K exceeded revenue, resulting in a 23% operating deficit.

Mission

SOCIAL CLUB FOR THE BENEFIT OF 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 $67,500

Program Service Revenue $236,645

Investment Income $0

Other Revenue $-67,052

TOTAL REVENUE $237,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,687

Fundraising Expenses $0

Other Expenses $230,070

TOTAL EXPENSES $292,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,093	$284,582	-0.2%
Expenses	$292,757	$357,671	-0.2%
Net Income	$-55,664	$-73,089	-0.2%

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
Leonard Gaudino	Director	1.00	Director	$0	$0	$0
Armand Saggese	Director	1.00	Director	$0	$0	$0
Joseph Vittorioso	Director	2.00	Director	$0	$0	$0
Eric Danilchuk	Director	1.00	Director	$0	$0	$0
Kevin Chiles	Director	1.00	Director	$0	$0	$0
Gerald Cangiano	Treasurer	2.00	Officer	$0	$0	$0
Joseph Quigley	Vice Commodore	4.00	Officer	$0	$0	$0
Mark McCarron	Commodore	2.00	Officer	$0	$0	$0
John Corrado	Secretary	4.00	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
2025	No data	No data	No data	No data
2024	$237,093	$292,757	$584,231	$-55,664
2023	$284,582	$357,671	$677,001	$-73,089
2022	$240,014	$491,950	$782,959	$-251,936
2021	$201,395	$302,744	$690,873	$-101,349

ORIENT HEIGHTS YACHT CLUB INC