SPRITE ISLAND YACHT CLUB INC (EIN 060674079) - 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

1950

Legal Domicile

Principal Officer

MARY DAVIS

Phone

2038667879

Tax Period

2023-11-01 to 2024-10-31

SPRITE ISLAND YACHT CLUB INC, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $500K in total revenue in fiscal year 2023. Expenses of $434K left a modest 13% surplus.

Mission

PRIVATE YACHT CLUB

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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 $337,675

Program Service Revenue $149,021

Investment Income $24

Other Revenue $13,451

TOTAL REVENUE $500,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,754

Fundraising Expenses $0

Other Expenses $284,227

TOTAL EXPENSES $433,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,171	$466,233	+0.1%
Expenses	$433,981	$444,437	0.0%
Net Income	$66,190	$21,796	+2.0%

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
JIM PAPADAKOS	TREASURER	0.0	Officer Director	$0	$0	$0
GARY JACOBSON	DIRECTOR	0.0	Director	$0	$0	$0
STEPHANIE ANGLADE	DIRECTOR	0.0	Director	$0	$0	$0
PETER ELDRIDGE	DIRECTOR	0.0	Director	$0	$0	$0
MATT KEHOE	DIRECTOR	0.0	Director	$0	$0	$0
ANDREA MALLOZZI	DIRECTOR	0.0	Director	$0	$0	$0
CONRAD REBELLO	REAR COMMODORE	0.0	Director	$0	$0	$0
PAUL ACCOMANDO	DIRECTOR	2.0	Director	$0	$0	$0
IAN DUPLOCK	DIRECTOR	2.0	Director	$0	$0	$0
HECTOR HERNANDEZ	DIRECTOR	2.0	Director	$0	$0	$0
CARSON COYLE	COMMODORE	0.0	Officer	$0	$0	$0
JOE PARLANTI	VICE COMMODORE	0.0	Officer	$0	$0	$0
KRISTYN O'GRADY	SECRETARY	0.0	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	$500,171	$433,981	$756,639	$66,190
2023	$466,233	$444,437	$688,664	$21,796
2022	$443,788	$407,208	$666,599	$36,580
2021	$412,750	$377,512	$653,356	$35,238
2020	$452,032	$327,023	$647,301	$125,009
2019	$348,491	$344,988	$510,135	$3,503
2018	$341,564	$305,614	$522,694	$35,950

SPRITE ISLAND YACHT CLUB INC