NORWALK YACHT CLUB (EIN 060475415) - 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

1894

Legal Domicile

Principal Officer

KEVIN COLLINS

Phone

2038660941

Tax Period

2023-11-01 to 2024-10-31

NORWALK YACHT CLUB, founded in 1894, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $392K, a strong 19% operating margin.

Mission

AN ORGANIZATION OF PERSONS WHO ARE INTERESTED IN BOATING FOR THE PURPOSE OF FELLOWSHIP, AMUSEMENT, AND ENJOYMENT.

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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 $891,993

Program Service Revenue $1,132,720

Investment Income $24,505

Other Revenue $0

TOTAL REVENUE $2,049,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,811

Fundraising Expenses $0

Program Expenses $1,180,403

Other Expenses $984,259

TOTAL EXPENSES $1,657,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,049,218	$1,956,875	+0.0%
Expenses	$1,657,070	$1,678,144	0.0%
Net Income	$392,148	$278,731	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BEERY	FROSTBITE CH	2.00	Director	$0	$0	$0
ELLEN BOBKA	MEMBERSHIP C	2.00	Director	$0	$0	$0
RORY CUMMMING	MARINE CHAIR	2.00	Director	$0	$0	$0
AL DREWES	VICE COMMODO	2.00	Director	$0	$0	$0
JAN ENGELHARDTSEN	ADULT SAILIN	2.00	Director	$0	$0	$0
CAROLINE-FISHER HOLBROOK	SOCIAL CHAIR	2.00	Director	$0	$0	$0
STEVE MASON	CRUISE CHAIR	2.00	Director	$0	$0	$0
KEVAN OLESEN	HISTORIAN	2.00	Director	$0	$0	$0
BRIAN SCHAPPERLE	TECHNOLOGY C	2.00	Director	$0	$0	$0
WARREN SEUBEL	HOUSE CHAIR	2.00	Director	$0	$0	$0
KATIE SPARKMAN	COMMUNICATIO	2.00	Director	$0	$0	$0
JAMES TRAVIS	REGATTA CHAI	2.00	Director	$0	$0	$0
NICK YOUNG	MOORING CHAI	2.00	Director	$0	$0	$0
KEVIN COLLINS	REAR COMMODO	2.00	Officer	$0	$0	$0
HELEN CURRY	SECRETARY	2.00	Officer	$0	$0	$0
BETH KINNEY	COMMODORE	2.00	Officer	$0	$0	$0
STEPHEN SCHWANHAUSSER	TREASURER	2.00	Officer	$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
2024	$2,049,218	$1,657,070	$3,899,944	$392,148
2023	$1,956,875	$1,678,144	$3,569,645	$278,731
2022	$1,698,486	$1,565,556	$3,384,344	$132,930
2021	$1,501,530	$1,347,837	$3,250,702	$153,693
2020	$1,170,785	$1,173,208	$3,230,354	$-2,423
2019	$1,083,288	$1,264,123	$3,227,352	$-180,835

NORWALK YACHT CLUB