BLACK ROCK YACHT CLUB INC (EIN 060264110) - 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

1926

Legal Domicile

Principal Officer

THOMAS HERRMANN

Phone

2033350587

Tax Period

2023-01-01 to 2023-12-31

BLACK ROCK YACHT CLUB INC, founded in 1926, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.4M left a modest 10% surplus.

Mission

ENCOURAGING AND SUPPORTING YACHTING AND YACHT RACING; TO OFFER ATHLETIC PROGRAMS THAT BUILD COMMUNITY, SPORTSMANSHIP AND TEAM SKILLS AMONG MEMBERS OF ALL AGES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,155,107

Investment Income $28,522

Other Revenue $1,621,054

TOTAL REVENUE $3,804,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,064,011

Fundraising Expenses $0

Other Expenses $1,365,481

TOTAL EXPENSES $3,429,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,804,683	$3,735,918	+0.0%
Expenses	$3,429,492	$3,286,045	+0.0%
Net Income	$375,191	$449,873	-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

130

Volunteers

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

$233,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH COLLINS	COMMODORE	1.00	Officer Director	$0	$0	$0
THOMAS HERRMANN	VICE COMMOFORE	1.00	Officer Director	$0	$0	$0
JENNY ANDERSON	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
JEFF MORRISON	FLEET CAPTAIN	1.00	Officer Director	$0	$0	$0
DANIEL LENT	IMMEDIATE PAST COMMODORE	1.00	Officer Director	$0	$0	$0
TREVOR UHL	TREASURER	1.00	Officer Director	$0	$0	$0
LOUISE SCRIVINES	SECRETARY	1.00	Officer Director	$0	$0	$0
KELLY RASKAUSKAS	GOVERNOR	1.00	Director	$0	$0	$0
ALLISON ARNETT	GOVERNOR	1.00	Director	$0	$0	$0
STEVE JOHNSTON	GOVERNOR	1.00	Director	$0	$0	$0
AMY BRODERICK	GOVERNOR	1.00	Director	$0	$0	$0
MICHELLE DEMARTINO	GOVERNOR	1.00	Director	$0	$0	$0
ALES PLITSAS	GOVERNOR	1.00	Director	$0	$0	$0
KATIE COLEMAN	GOVERNOR	1.00	Director	$0	$0	$0
BEN HOLLEY	GOVERNOR	1.00	Director	$0	$0	$0
BRUCE HUBLER	GOVERNOR	1.00	Director	$0	$0	$0
RICHARD SCOTT GREEN	GENERAL MANAGER	40.00	Key Emp	$233,200	$0	$233,200
CLAUDINE MEARS	FINANCIAL MANAGER	40.00	Highest	$121,506	$0	$121,506

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	No data	No data	No data	No data
2023	$3,804,683	$3,429,492	$5,185,306	$375,191
2022	$3,735,918	$3,286,045	$4,999,587	$449,873
2021	$3,091,820	$2,774,576	$4,440,070	$317,244
2020	$2,789,401	$2,615,776	$3,827,385	$173,625
2019	$2,790,018	$2,774,921	$3,520,219	$15,097
2018	$2,671,213	$2,507,037	$3,632,380	$164,176

BLACK ROCK YACHT CLUB INC