NOROTON YACHT CLUB INC

EIN: 060619176

NOROTON, CT

Total Revenue
$3,055,835
Total Expenses
$2,657,164
Total Assets
$8,690,460
Net Assets
$3,992,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
CT
Principal Officer
DONALD VASTA
Phone
2036557686
Tax Period
2024-11-01 to 2025-10-31

NOROTON YACHT CLUB INC, founded in 1928, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 13% surplus.

Mission

SAILING AND OTHER FAMILY RECREATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,214,266
Program Service Revenue $848,259
Investment Income $32,142
Other Revenue $-38,832
TOTAL REVENUE $3,055,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $881,036
Fundraising Expenses $0
Program Expenses $2,473,718
Other Expenses $1,776,128
TOTAL EXPENSES $2,657,164

Year-over-Year Comparison

2024 2023 Change
Revenue $3,055,835 $2,480,436 +0.2%
Expenses $2,657,164 $2,470,895 +0.1%
Net Income $398,671 $9,541 +40.8%
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

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Governance

Voting Members
15
Independent Members
15
Employees
66
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
5
$0
Total Directors
15
$0
Key Employees
1
$175,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT VAN DUSEN GENERAL MANA 40.00
Key Emp
$175,000 $0 $175,000
JAMES ANTOSZEWSKI REAR COMMODO 1.00
Officer Director
$0 $0 $0
SAMUEL BRIDGES DIRECTOR 1.00
Director
$0 $0 $0
MEG CAMPBELL ADVISOR 1.00
Director
$0 $0 $0
MARGARET DANIEL TENNIS 1.00
Director
$0 $0 $0
MAARTEN EENKEMA VAN DIJK LONG RANGE P 1.00
Director
$0 $0 $0
SARAH GLEASON DIRECTOR 1.00
Director
$0 $0 $0
GILLIAN GRAVES MEMBERSHIP 1.00
Director
$0 $0 $0
SCOTT HARRISON VICE COMMODO 1.00
Officer Director
$0 $0 $0
ELIZABETH LANAHAN DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE MITCHELL COMMODORE 1.00
Officer Director
$0 $0 $0
NANCY PEARSON SECRETARY 1.00
Officer Director
$0 $0 $0
EDWARD STEINBORN SOCIAL 1.00
Director
$0 $0 $0
JOLANDA SUTHERLAND COMMUNICATIO 1.00
Director
$0 $0 $0
DAVE TROST WATERFRONT 1.00
Director
$0 $0 $0
DONALD VASTA TREASURER 2.00
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 $3,055,835 $2,657,164 $8,690,460 $398,671
2024 $2,480,436 $2,470,895 $8,388,619 $9,541
2023 $2,801,844 $2,472,272 $8,597,962 $329,572
2022 $2,412,192 $2,703,315 $8,404,997 $-291,123
2021 $2,248,118 $2,287,486 $8,706,706 $-39,368
2020 $2,200,435 $2,039,215 $8,800,816 $161,220
2020 $2,206,147 $2,044,927 $8,800,816 $161,220
2019 $2,322,730 $1,912,014 $7,427,658 $410,716
2018 $2,306,242 $1,825,471 $7,042,063 $480,771
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