CHATHAM YACHT CLUB INC (EIN 046109219) - 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

1967

Legal Domicile

Principal Officer

NICHOLAS PROIA

Phone

6033539029

Tax Period

2023-01-01 to 2023-12-31

CHATHAM YACHT CLUB INC, founded in 1967, is a small nonprofit in the Recreation & Sports sector that reported $296K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $264K left a modest 11% surplus.

Mission

TO PROVIDE SAILING INSTRUCTION, COMPETITIVE RACING & RACE TRAINING TO CHILDREN AND THEIR FAMILIES

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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 $152,975

Program Service Revenue $140,843

Investment Income $318

Other Revenue $2,217

TOTAL REVENUE $296,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,543

Fundraising Expenses $0

Program Expenses $249,828

Other Expenses $196,196

TOTAL EXPENSES $263,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,353	$424,648	-0.3%
Expenses	$263,739	$231,037	+0.1%
Net Income	$32,614	$193,611	-0.8%

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

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	Role	Reportable Comp	Other Comp	Total
JULIA MURPHY	PRESIDENT	Officer Director	$0	$0	$0
NICHOLAS PROIA	TREASURER	Officer Director	$0	$0	$0
CATHY TAYLOR	CLERK	Officer Director	$0	$0	$0
MARSHALL BARTLETT	DIRECTOR	Director	$0	$0	$0
ALLISON COLEMAN	DIRECTOR	Director	$0	$0	$0
ALAN MCCLENNEN	DIRECTOR	Director	$0	$0	$0
DOROTHY CARY	DIRECTOR	Director	$0	$0	$0
NANCY MURPHY	DIRECTOR	Director	$0	$0	$0
BARB SHIPLEY	DIRECTOR	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
2023	$296,353	$263,739	$778,882	$32,614
2022	$424,648	$231,037	$734,366	$193,611
2021	$255,506	$268,137	$540,755	$-12,631
2020	$154,032	$127,143	$553,386	$26,889
2019	$172,501	$193,375	$526,496	$-20,874
2018	$166,805	$182,259	$547,370	$-15,454

CHATHAM YACHT CLUB INC