SAKONNET YACHT CLUB (EIN 050213436) - 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

1939

Legal Domicile

Principal Officer

TOM LYONS

Phone

7744513275

Tax Period

2024-01-01 to 2024-12-31

SAKONNET YACHT CLUB, founded in 1939, is a small nonprofit that reported $481K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $94K, a strong 20% operating margin.

Mission

TO PROVIDE SAILING LESSONS FOR THE CHILDREN OF MEMBERS OF THE CLUB. TO PROVIDE INTRA-CLUB RACING FOR MEMBERS.

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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 $261,572

Program Service Revenue $196,648

Investment Income $17,072

Other Revenue $5,934

TOTAL REVENUE $481,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,314

Fundraising Expenses $0

Program Expenses $325,153

Other Expenses $237,756

TOTAL EXPENSES $387,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,226	$416,481	+0.2%
Expenses	$387,070	$429,715	-0.1%
Net Income	$94,156	$-13,234	-8.1%

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
CHRIS BRISLIN	DIRECTOR	0.00	Director	$0	$0	$0
PETER BATES	DIRECTOR	0.00	Director	$0	$0	$0
AIMEE MUNROE	DIRECTOR	0.00	Director	$0	$0	$0
BRODT TAYLOR	DIRECTOR	0.00	Director	$0	$0	$0
MARA SHORE	DIRECTOR	0.00	Director	$0	$0	$0
BART LITTLEFIELD	DIRECTOR	0.00	Director	$0	$0	$0
KARL HOYT	DIRECTOR	1.00	Director	$0	$0	$0
MARSHAL FORDYCE	DIRECTOR	0.00	Director	$0	$0	$0
MIKE MASSA	DIRECTOR	0.00	Director	$0	$0	$0
JEREMY HOWARD	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW MOORE	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE CHAFFEE	COMMODORE	1.00	Officer	$0	$0	$0
DAVID GARSH	VICE COMMODORE	0.00	Officer	$0	$0	$0
LOUISE MANNING	REAR COMMODORE	0.00	Officer	$0	$0	$0
SUZANNE MADDEN	SECRETARY	0.00	Officer	$0	$0	$0
TOM LYONS	TREASURER	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	$481,226	$387,070	$669,375	$94,156
2023	$416,481	$429,715	$575,219	$-13,234
2022	$437,667	$399,975	$588,453	$37,692
2021	$410,573	$325,828	$558,952	$84,745
2020	$336,801	$365,972	$468,600	$-29,171
2019	$350,337	$346,312	$497,390	$4,025
2018	$383,815	$344,077	$489,757	$39,738

SAKONNET YACHT CLUB