EAST GREENWICH YACHT CLUB (EIN 050133674) - 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

1909

Legal Domicile

Principal Officer

ROB HAMLIN

Phone

4018847700

Tax Period

2024-01-01 to 2024-12-31

EAST GREENWICH YACHT CLUB, founded in 1909, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 4% surplus.

Mission

TO PROVIDE FACILITIES NECESSARY FOR RI FAMILIES TO ENJOY MARINE ACTIVITIES

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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 $1,823,780

Investment Income $39,451

Other Revenue $427,311

TOTAL REVENUE $2,290,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,388

Fundraising Expenses $0

Other Expenses $1,395,119

TOTAL EXPENSES $2,207,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,290,542	$2,002,921	+0.1%
Expenses	$2,207,507	$2,038,955	+0.1%
Net Income	$83,035	$-36,034	-3.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
BILL WATERSON	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA BISSITT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WEHR	TRUSTEE	1.00	Director	$0	$0	$0
ROB HAMLIN	COMMODORE	10.00	Officer	$0	$0	$0
VINCENT MCATEERIII	VICE COMMODOR	3.00	Officer	$0	$0	$0
THOMAS D'ALBORA	REAR COMMODOR	3.00	Officer	$0	$0	$0
RALPH F RACCA	TREASURER	15.00	Officer	$0	$0	$0
ALAN MIANO	SECRETARY	1.00	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	$2,290,542	$2,207,507	$5,812,736	$83,035
2023	$2,002,921	$2,038,955	$5,846,198	$-36,034
2022	$2,305,393	$1,916,410	$6,003,785	$388,983
2021	$2,108,173	$1,671,988	$5,810,857	$436,185
2020	$1,514,184	$1,399,514	$5,724,345	$114,670
2019	$1,752,629	$1,359,040	$3,920,303	$393,589
2018	$1,525,781	$1,328,862	$2,401,479	$196,919

EAST GREENWICH YACHT CLUB