Mystic Wellington Yacht Club Inc (EIN 042520766) - 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

1971

Legal Domicile

Principal Officer

Harold Kepnes

Phone

6175943518

Tax Period

2024-01-01 to 2024-12-31

Mystic Wellington Yacht Club Inc, founded in 1971, is a small nonprofit that reported $347K in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $310K left a modest 10% surplus.

Mission

To provide its members, their families, and guests with recreational yachting and social activities.

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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 $79,868

Program Service Revenue $256,733

Investment Income $81

Other Revenue $9,953

TOTAL REVENUE $346,635

Expense Breakdown

Grants Paid $3,853

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $310,448

Other Expenses $306,595

TOTAL EXPENSES $310,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,635	$156,341	+1.2%
Expenses	$310,448	$194,376	+0.6%
Net Income	$36,187	$-38,035	-2.0%

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
JOE DIGIROLAMO	Commodore	010.00	Officer Director	$0	$0	$0
TED CHISHOLM	Secretary	010.00	Officer Director	$0	$0	$0
HAROLD KEPNES	Treasurer	010.00	Officer Director	$0	$0	$0
JOHN SHAW	Director	010.00	Director	$0	$0	$0
JAMES DRISCOLL	Director	010.00	Director	$0	$0	$0
GUY LEONE	Rear Commodore	010.00	Officer Director	$0	$0	$0
PAUL MORAN	Vice Commodore	010.00	Officer Director	$0	$0	$0
BEN ERCOLINI	Director	010.00	Director	$0	$0	$0
BOB GILLEN	Director	010.00	Director	$0	$0	$0
DAVE URBAN	Director	010.00	Director	$0	$0	$0
CHARLIE JANNONE	Director	010.00	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	$346,635	$310,448	$318,703	$36,187
2023	$156,341	$194,376	$292,469	$-38,035
2022	$201,985	$245,734	$330,504	$-43,749
2021	$202,613	$192,794	$375,301	$9,819
2020	$203,680	$188,355	$383,271	$15,325
2019	$262,313	$192,378	$371,643	$69,935
2018	$219,824	$201,146	$321,113	$18,678

Mystic Wellington Yacht Club Inc