THE INDIAN HARBOR YACHT CLUB INCORPORATED (EIN 060400220) - 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

1901

Legal Domicile

Principal Officer

STEVEN M LEVY

Phone

2038692484

Tax Period

2023-10-01 to 2024-09-30

THE INDIAN HARBOR YACHT CLUB INCORPORATED, founded in 1901, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $6.4M left a modest 4% surplus.

Mission

TO ENCOURAGE & SUPPORT THE SPORT OF YACHTING, THE ART OF YACHT DESIGNING AND BUILDING, AND THE SCIENCE OF SEAMANSHIP & NAVIGATION FOR THE AMUSEMENT OF ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,820,025

Investment Income $100,261

Other Revenue $2,739,061

TOTAL REVENUE $6,659,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,861,282

Fundraising Expenses $0

Other Expenses $2,522,164

TOTAL EXPENSES $6,383,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,659,347	$7,092,757	-0.1%
Expenses	$6,383,446	$5,940,704	+0.1%
Net Income	$275,901	$1,152,053	-0.8%

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

108

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

$280,191

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE P YANKOWICH	COMMODORE	3.00	Officer Director	$0	$0	$0
STEPHEN WALKO	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
SARAH STERNS FEY	REAR COMMODORE	3.00	Officer Director	$0	$0	$0
DAVID KAPLAN	FLEET CAPTAIN	3.00	Officer Director	$0	$0	$0
ERIC PEDERSEN	SECRETARY	3.00	Officer Director	$0	$0	$0
JAMES VOLKWEIN	TREASURER	3.00	Officer Director	$0	$0	$0
JONATHAN D DUBOIS	COUNSEL	3.00	Officer Director	$0	$0	$0
MICHAEL MILLARD	MEASURER	3.00	Officer Director	$0	$0	$0
REV CHERYL MCFADDEN	FLEET CHAPLAIN	3.00	Officer Director	$0	$0	$0
DR PATRICIA CALAYAG	FLEET SURGEON	3.00	Officer Director	$0	$0	$0
LEONARD LAPORTA	DIRECTOR	3.00	Director	$0	$0	$0
PAMELA PAGNANI	DIRECTOR	3.00	Director	$0	$0	$0
MELISSA RAEZER	DIRECTOR	3.00	Director	$0	$0	$0
CLIFTON HILL	DIRECTOR	3.00	Director	$0	$0	$0
JON-CLAUDE ZUCCONI	DIRECTOR	3.00	Director	$0	$0	$0
PETER HAMILTON	DIRECTOR	3.00	Director	$0	$0	$0
KRISTIN TORETTA	DIRECTOR	3.00	Director	$0	$0	$0
MARY ALICE CARMICHAEL	DIRECTOR	3.00	Director	$0	$0	$0
ADAM ZAKKA	DIRECTOR	3.00	Director	$0	$0	$0
REMUS CIOLOMIC	GENERAL MANAGER	40.00	Key Emp	$266,329	$13,862	$280,191
KEVIN CHUN	EXECUTIVE CHEF	40.00	Highest	$162,600	$25,372	$187,972
SHARON MCGRATH	CFO	40.00	Highest	$163,417	$24,703	$188,120
DUSTIN BRUCE	MARINE MANAGER	40.00	Highest	$138,016	$31,141	$169,157

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	$6,659,347	$6,383,446	$12,155,805	$275,901
2023	$7,092,757	$5,940,704	$11,879,577	$1,152,053
2022	$6,335,410	$5,785,009	$10,614,803	$550,401
2021	$6,591,457	$5,863,543	$10,074,334	$727,914
2020	$5,502,448	$5,233,992	$9,376,985	$268,456
2019	$5,832,836	$6,065,209	$9,328,625	$-232,373

THE INDIAN HARBOR YACHT CLUB INCORPORATED