KING PHILIP YACHT CLUB INC

EIN: 042994234

FALL RIVER, MA

Total Revenue
$85,193
Total Expenses
$85,023
Total Assets
$38,645
Net Assets
$38,645
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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
1987
Legal Domicile
MA
Principal Officer
DAVID LAVOIE
Phone
5086729543
Tax Period
2023-01-01 to 2023-12-31

KING PHILIP YACHT CLUB INC, founded in 1987, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

TO PROMOTE THE SAFETY OF THE BOATING COMMUNITY, PRESERVATION OF THE COASTLINE AND SOCIAL ENJOYMENT OF THE MEMBERS OF THE KING PHILIP YACHT CLUB.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,100
Program Service Revenue $58,092
Investment Income $1
Other Revenue $0
TOTAL REVENUE $85,193

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $85,023
TOTAL EXPENSES $85,023

Year-over-Year Comparison

2023 2022 Change
Revenue $85,193 $103,042 -0.2%
Expenses $85,023 $76,614 +0.1%
Net Income $170 $26,428 -1.0%
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

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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CARVALHO BOARD MEMBER N/A
Director
$0 $0 $0
SAM DEMELLO BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT LIETE BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT FERREIRA TREASURER/SE N/A
Officer
$0 $0 $0
DAVID LAVOIE PRESIDENT N/A
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 No data No data No data No data
2023 $85,193 $85,023 $38,645 $170
2022 $103,042 $76,614 $38,475 $26,428
2021 $53,742 $51,774 $12,047 $1,968
2020 $14,543 $40,383 $10,079 $-25,840
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