ESSEX YACHT CLUB INC

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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

1933

Legal Domicile

Principal Officer

JOEL ANIK

Phone

8607678121

Tax Period

2022-10-01 to 2023-09-30

ESSEX YACHT CLUB INC, founded in 1933, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE ESSEX YACHT CLUB IS TO PROMOTE EXCELLENCE IN YACHTING ACTIVITIES AMONG ITS MEMBERS, INCLUDING RACING, CRUISING, AND OFF WATER CLUB ACTIVITIES. TO ACCOMPLISH THIS MISSION, THE CLUB HAS DEVELOPED YEAR-ROUND MEMBER ACTIVITIES AND PROGRAMS TO PROMOTE THE CORINTHIAN SPIRIT, THE FINE TRADITION OF YACHTING EXCELLENCE, AND CAMARADERIE AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,346,418

Investment Income $10,588

Other Revenue $483,397

TOTAL REVENUE $1,840,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $956,751

Fundraising Expenses $0

Other Expenses $857,134

TOTAL EXPENSES $1,813,885

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,840,403	$1,699,048	+0.1%
Expenses	$1,813,885	$1,622,260	+0.1%
Net Income	$26,518	$76,788	-0.7%

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

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

$160,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY RINEHART	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
BRIDGET QUINN	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID GUERNSEY	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
DONALD DWYER	OUTGOING BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
JOEL ANIK	TREASURER	3.00	Officer Director	$0	$0	$0
JOESEPH STANDART	BOARD OF GOVERNORS	5.00	Director	$0	$0	$0
KATHLEEN MAHER	OUTGOING BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
MARILY MACKINNON	IMMEDIATE PAST COMMODORE	3.00	Officer Director	$0	$0	$0
MAURA COCHRAN	REAR COMMODORE	3.00	Officer Director	$0	$0	$0
MELINDA KINGSBURY	MEMBERSHIP CHAIR	5.00	Director	$0	$0	$0
NICHOLAS GOODRICH	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
PETER HOLLAND	BOARD OF GOVERNORS	5.00	Director	$0	$0	$0
ROBIN ZUBRETSKY	OUTGOING TREASURER	3.00	Officer Director	$0	$0	$0
S CARTER GOWRIE III	COMMODORE	3.00	Officer Director	$0	$0	$0
SALLY MAYER	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
THOMAS JOHNSTON	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
WILLIAM CARTER	BOARD OF GOVERNORS	3.00	Director	$0	$0	$0
WILLIAM COCHRAN	OUTGOING ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
WILLLIAM GUNTHER	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
BARRY MOORE	CFO	20.00	Officer	$37,900	$0	$37,900
ROBERT FORBES III	GENERAL MANAGER	40.00	Officer	$100,121	$22,476	$122,597
MICHAEL STAFFORD	EXECUTIVE CHEF	40.00	Highest	$112,629	$0	$112,629

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	$1,840,403	$1,813,885	$3,759,030	$26,518
2023	$362,011	$462,552	$3,675,034	$-100,541
2022	$1,699,048	$1,622,260	$3,724,869	$76,788
2021	$1,910,732	$1,440,258	$3,649,035	$470,474
2020	$1,568,699	$1,347,937	$3,159,134	$220,762
2019	$1,541,821	$1,469,152	$2,962,185	$72,669
2018	$1,462,459	$1,442,857	$2,910,601	$19,602