SOUTH NORWALK BOAT CLUB INC (EIN 060542400) - 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

Legal Domicile

Principal Officer

DOUGLAS CRUIKSHANK

Phone

2038666624

Tax Period

2022-12-01 to 2023-11-30

SOUTH NORWALK BOAT CLUB INC is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 6% surplus.

Mission

PROVIDE SUITABLE CLUBHOUSE, GROUNDS AND ANCHORAGE FOR THE CONVENIENCE OF ITS MEMBERS; TO ENCOURAGE AND PARTICIPATE IN ALL SPORTS AND RECREATION, PARTICULARLY BOATING; TO ENCOURAGE GOOD FRIENDSHIP AMONG ITS MEMBERS BY PROMOTING AND SPONSORING ALL SOCIAL ACTIVITIES.

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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 $434,986

Program Service Revenue $290,582

Investment Income $1,112

Other Revenue $623,078

TOTAL REVENUE $1,349,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,361

Fundraising Expenses $0

Other Expenses $831,546

TOTAL EXPENSES $1,271,907

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,349,758	$1,189,029	+0.1%
Expenses	$1,271,907	$1,308,020	0.0%
Net Income	$77,851	$-118,991	-1.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
CLYDE MOUNT	COMMODORE	Officer	$0	$0	$0
JONATHAN BOVE	VICE COMMODORE	Officer	$0	$0	$0
DONALD REMSON	REAR COMMODORE	Officer	$0	$0	$0
DOUGLAS CRUIKSHANK	TREASURER	Officer	$0	$0	$0
CHARLES AMEER	FINANCIAL SECRETARY	Officer	$0	$0	$0
CRAIG MACDOW	REC. SECRETARY	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	No data	No data	No data	No data
2023	$1,349,758	$1,271,907	$5,413,840	$77,851
2022	$1,189,029	$1,308,020	$5,405,702	$-118,991
2021	$1,024,410	$1,120,541	$5,534,410	$-96,131
2020	$837,933	$794,421	$5,641,395	$43,512
2019	$1,010,215	$746,142	$5,549,392	$264,073
2018	$1,034,244	$727,621	$5,320,819	$306,623

SOUTH NORWALK BOAT CLUB INC