IPSWICH BAY YACHT CLUB (EIN 046125498) - 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

1941

Legal Domicile

Principal Officer

EDWARD ANDREW NAGUS

Phone

9783564626

Tax Period

2024-01-01 to 2024-12-31

IPSWICH BAY YACHT CLUB, founded in 1941, is a small nonprofit that reported $999K in total revenue in fiscal year 2024. The organization ran a surplus of $172K, a strong 17% operating margin.

Mission

SOCIAL & RECREATIONAL BOATING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $871,932

Investment Income $24,579

Other Revenue $102,000

TOTAL REVENUE $998,511

Expense Breakdown

Grants Paid $10,931

Salaries & Benefits $423,930

Fundraising Expenses $0

Program Expenses $792,511

Other Expenses $391,989

TOTAL EXPENSES $826,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$998,511	$959,621	+0.0%
Expenses	$826,850	$812,210	+0.0%
Net Income	$171,661	$147,411	+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

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

$16,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BATES	COMMODORE	3.00	Officer	$2,707	$0	$2,707
JEFF CANN	VICE COMMODORE	3.00	Officer	$2,707	$0	$2,707
DOUG LANOIS	REAR COMMODORE	3.00	Officer	$0	$0	$0
MARK PRESTERO	SECRETARY	3.00	Officer	$0	$0	$0
EDWARD ANDREW NAGUS	TREASURER	3.00	Officer	$2,707	$0	$2,707
MELISSA STELLA	COMMUNICATIONS DIRECTOR	3.00	Officer	$2,707	$0	$2,707
JEFF BLIZARD	MEMBER AT LARGE	1.00	Officer	$0	$0	$0
CHARLES RUEBEL	MEMBER AT LARGE	1.00	Officer	$0	$0	$0
PAUL GILLIGAN	MEMBER AT LARGE	1.00	Officer	$0	$0	$0
JEFF BRUK	MEMBER AT LARGE	1.00	Officer	$0	$0	$0
PAUL CONBOY	MEMBERSHIP COMMITTEE	1.00	Officer	$2,707	$0	$2,707
DEB WRIGHT	SOCIAL COMMITTIE	1.00	Officer	$0	$0	$0
CATHY LANOIS	SOCIAL COMMITTIE	1.00	Officer	$0	$0	$0
THOMAS BURGESS	CAPITAL IMPROVEMENT COMMITTIE	1.00	Officer	$2,707	$0	$2,707

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	$998,511	$826,850	$2,009,089	$171,661
2023	$959,621	$812,210	$1,837,428	$147,411
2022	$841,135	$729,764	$1,690,018	$111,371
2021	$779,446	$669,257	$1,599,208	$110,189
2020	$743,769	$667,695	$1,519,207	$76,074

IPSWICH BAY YACHT CLUB