The Middletown Yacht Club

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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

Bob Vitale

Phone

8605265634

Tax Period

2024-11-01 to 2025-10-31

The Middletown Yacht Club, founded in 1901, is a small nonprofit in the Recreation & Sports sector that reported $308K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $74K, a strong 24% operating margin.

Mission

Promote the social welfare of club members and encourage yachting and aquatic sports.

Program Service Accomplishments

Program 1

Expenses: $234,433

Social and recreational activities for club 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $303,954

Investment Income $4,144

Other Revenue $0

TOTAL REVENUE $308,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $234,433

Other Expenses $234,433

TOTAL EXPENSES $234,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,098	$262,915	+0.2%
Expenses	$234,433	$199,315	+0.2%
Net Income	$73,665	$63,600	+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

N/A

Volunteers

200

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
Andrew Mathis	Director	1.00	Director	$0	$0	$0
Dave Pero	Director	1.00	Director	$0	$0	$0
Jason Morin	Director	1.00	Director	$0	$0	$0
Sam Sargeant	Director	1.00	Director	$0	$0	$0
Justine Targonski	Director	1.00	Director	$0	$0	$0
Brittany Bova	Secretary	4.00	Officer Director	$0	$0	$0
Gregory Gosselin	Commodore	4.00	Officer Director	$0	$0	$0
Jesse Scott	Vice Commodore	4.00	Officer Director	$0	$0	$0
Tom Lavender	Rear Commodore	4.00	Officer Director	$0	$0	$0
Bob Vitale	Treaurer	4.00	Officer Director	$0	$0	$0
Mike Norman	Fleet Captain	4.00	Officer Director	$0	$0	$0
Frank Shipuleski	Past Commodore	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	$308,098	$234,433	$776,140	$73,665
2024	$262,915	$199,315	$596,146	$63,600
2023	$264,787	$227,370	$520,698	$37,417
2022	$290,092	$240,925	$481,965	$49,167
2021	$184,762	$200,681	$432,019	$-15,919
2020	$265,738	$174,270	$455,236	$91,468
2019	$235,382	$214,835	$355,964	$20,547
2018	$205,813	$211,917	$335,424	$-6,104