WESTERLY YACHT CLUB (EIN 050247709) - 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

1921

Principal Officer

RICHARD BROWN

Phone

4015967556

Tax Period

2024-03-01 to 2025-02-28

WESTERLY YACHT CLUB, founded in 1921, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

THE WESTERLY YACHT CLUB, A DOMESTIC NON-PROFIT ASSOCIATION ESTABLISHED IN 1921, WAS ORGANIZED TO PROVIDE FOR RECREATIONAL BOATING, EDUCATION AND SOCIAL FACILITIES FOR MEMBERS. SUPPORT DUES, ASSESSMENTS, DOCK FEES

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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 $573,955

Program Service Revenue $650,742

Investment Income $29,729

Other Revenue $656,217

TOTAL REVENUE $1,910,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,470

Fundraising Expenses $0

Program Expenses $1,863,227

Other Expenses $1,466,558

TOTAL EXPENSES $1,950,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,910,643	$1,797,257	+0.1%
Expenses	$1,950,028	$1,798,410	+0.1%
Net Income	$-39,385	$-1,153	+33.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BROWN	VICE COMMODO	4.00	Officer Director	$0	$0	$0
RICHARD BUCKLEY	SECRETARY	4.00	Officer Director	$0	$0	$0
JACK CALLINAN	REAR COMMADO	4.00	Officer Director	$0	$0	$0
THOMAS KRIVICKAS	BOARD OF DIR	2.00	Director	$0	$0	$0
JOHN LALLO	COMMADORE	4.00	Officer Director	$0	$0	$0
DAVID MALEK	BOARD OF DIR	2.00	Director	$0	$0	$0
MILAN MOSCARITOLO	BOARD OF DIR	2.00	Director	$0	$0	$0
DAVID MURPHY	BOARD OF DIR	2.00	Director	$0	$0	$0
DALE REIS	BOARD OF DIR	2.00	Director	$0	$0	$0
EMILY TUNILA	BOARD OF DIR	2.00	Director	$0	$0	$0
DAVID TURANO	TREASURER	4.00	Officer 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
2025	$1,910,643	$1,950,028	$4,464,868	$-39,385
2024	$1,797,257	$1,798,410	$4,705,535	$-1,153
2023	$1,412,828	$1,349,021	$4,928,925	$63,807
2022	$1,311,738	$1,297,608	$5,058,121	$14,130
2021	$1,084,593	$1,034,679	$5,034,207	$49,914
2020	$1,243,781	$1,056,546	$5,127,643	$187,235
2019	$1,194,544	$1,088,033	$3,325,404	$106,511

WESTERLY YACHT CLUB