CHARLESGATE YACHT CLUB INC (EIN 046016189) - 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

1946

Legal Domicile

Principal Officer

WOJTEK SUDOL

Phone

6173548215

Tax Period

2024-01-01 to 2024-12-31

CHARLESGATE YACHT CLUB INC, founded in 1946, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 31% operating margin.

Mission

OPERATE A MARINA AND PROMOTE SAFE BOATING.

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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 $857

Program Service Revenue $211,337

Investment Income $20,006

Other Revenue $0

TOTAL REVENUE $232,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $160,348

TOTAL EXPENSES $160,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,200	$146,230	+0.6%
Expenses	$160,348	$138,937	+0.2%
Net Income	$71,852	$7,293	+8.9%

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
GEORGEANN ABATZIS	CO-TREASURER	5.00	Officer Director	$0	$0	$0
RANDAL BRIGGS	AUDITOR	2.00	Director	$0	$0	$0
JOHN CLANCY	AUDITOR	2.00	Director	$0	$0	$0
JOHN DAY	REAR COMMODO	5.00	Officer Director	$0	$0	$0
VINCENT DICLEMENTE	MARINA CHAIR	2.00	Director	$0	$0	$0
GEORGE FINN	VICE COMMODO	5.00	Officer Director	$0	$0	$0
SHARON GALE	COMM RELATIO	2.00	Director	$0	$0	$0
KATHY HAM	RULES CHAIR	2.00	Director	$0	$0	$0
DAVID MCDOUGALL	2ND PAST COM	2.00	Director	$0	$0	$0
DAVID PAUL	COMMODORE	5.00	Officer Director	$0	$0	$0
RUTH SARGENT	MBYCA LIASON	2.00	Director	$0	$0	$0
RICK SEIDMAN	WINTER GROUP	2.00	Director	$0	$0	$0
KYLE SOUZA	FLEET CAPTAI	5.00	Officer Director	$0	$0	$0
STAN SOUZA	SECRETARY/FI	5.00	Officer Director	$0	$0	$0
WOJTEK SUDOL	CO-TREASURER	5.00	Officer Director	$0	$0	$0
WALTER TAURO	ENTERTAINMEN	2.00	Director	$0	$0	$0
ALEX THOMPSON	SAFETY CHAIR	2.00	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	$232,200	$160,348	$455,671	$71,852
2023	$146,230	$138,937	$383,819	$7,293
2022	$159,878	$131,023	$376,526	$28,855
2021	$211,411	$125,838	$347,671	$85,573

CHARLESGATE YACHT CLUB INC