ESSEX YACHT CLUB INC (EIN 060336905) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

JOEL ANIK

Phone

8607678121

Tax Period

2023-10-01 to 2023-12-31

ESSEX YACHT CLUB INC, founded in 1933, is a small nonprofit that reported $362K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $463K exceeded revenue, resulting in a 28% operating deficit.

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,300

Program Service Revenue $82,242

Investment Income $9,061

Other Revenue $92,408

TOTAL REVENUE $362,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,546

Fundraising Expenses $0

Other Expenses $204,006

TOTAL EXPENSES $462,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,011	$1,840,403	-0.8%
Expenses	$462,552	$1,813,885	-0.7%
Net Income	$-100,541	$26,518	-4.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$167,495

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
JOEL ANIK	TREASURER	3.00	Officer Director	$0	$0	$0
JOSEPH STANDART	BOARD OF GOVERNORS	5.00	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
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
WILLLIAM GUNTHER	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
BARRY MOORE	CFO	20.00	Officer	$40,220	$0	$40,220
ROBERT GFORBES III	GENERAL MANAGER	40.00	Officer	$101,281	$25,994	$127,275
MICHAEL STAFFORD	EXECUTIVE CHEF	40.00	Highest	$117,821	$0	$117,821

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

ESSEX YACHT CLUB INC