FOX HILL YACHT CLUB INC

EIN: 046173867

SAUGUS, MA

Total Revenue
$456,952
Total Expenses
$401,952
Total Assets
$460,070
Net Assets
$228,867
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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
1966
Legal Domicile
MA
Principal Officer
DEREK CIPRIANO
Phone
7812339671
Tax Period
2024-01-01 to 2024-12-31

FOX HILL YACHT CLUB INC, founded in 1966, is a small nonprofit that reported $457K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $402K left a modest 12% surplus.

Mission

TO ENCOURAGE MEMBERS IN PROFICIENCY IN NAVIGATION, IN MATTERS PERTAINING TO SEAMANSHIP AND PERSONAL MANAGEMENT OF ALL WATERCRAFT AND TO PROMOTE SOCIAL WELFARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $456,939
Investment Income $13
Other Revenue $0
TOTAL REVENUE $456,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,036
Fundraising Expenses $0
Other Expenses $358,916
TOTAL EXPENSES $401,952

Year-over-Year Comparison

2024 2023 Change
Revenue $456,952 $406,159 +0.1%
Expenses $401,952 $406,230 0.0%
Net Income $55,000 $-71 -775.6%
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
9
Independent Members
9
Employees
18
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
6
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BART BUONOPANE PRESIDENT 4.00
Officer
$0 $0 $0
DEREK CIPRIANO TREASURER 6.00
Officer
$0 $0 $0
CHRIS POZARK REAR COMMODO 4.00
Officer
$0 $0 $0
DANTE DEFURIA JR FINANCIAL SE 4.00
Officer
$0 $0 $0
DAVE CECERE VICE-PREESID 3.00
Officer
$0 $0 $0
KEVIN MCDERMOTT CLERK 3.00
Officer
$0 $0 $0
MARK LEVER DIRECTOR 2.00
Director
$0 $0 $0
HARRY CHENEY DIRECTOR 2.00
Director
$0 $0 $0
MURPHY HERRINGTON DIRECTOR 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 $456,952 $401,952 $460,070 $55,000
2023 $406,159 $406,230 $421,922 $-71
2022 $371,109 $390,560 $436,297 $-19,451
2021 $284,238 $307,445 $453,832 $-23,207
2020 $180,131 $279,186 $490,915 $-99,055
2019 $389,865 $395,186 $545,783 $-5,321
2018 $341,172 $378,740 $560,664 $-37,568
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