Niantic Bay Yacht Club Inc (EIN 060684502) - 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

1940

Legal Domicile

Principal Officer

Paul Grady

Phone

8607390558

Tax Period

2024-01-01 to 2024-12-31

Niantic Bay Yacht Club Inc, founded in 1940, is a small nonprofit that reported $461K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $510K exceeded revenue, resulting in a 11% operating deficit.

Mission

Extensive sailing and swimming programs provide participants(membership) with intensive instruction and unique experience in general navigation and seamanship.

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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 $283,660

Program Service Revenue $152,126

Investment Income $5,212

Other Revenue $19,643

TOTAL REVENUE $460,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,020

Fundraising Expenses $0

Program Expenses $332,216

Other Expenses $357,794

TOTAL EXPENSES $509,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,641	$402,444	+0.1%
Expenses	$509,814	$389,717	+0.3%
Net Income	$-49,173	$12,727	-4.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cliff Ashton	Commodore	5.00	Officer	$0	$0	$0
Steve Marenakos	Vice Commodore	5.00	Officer	$0	$0	$0
Harlan Fredericksen	Rear Commodore	2.00	Officer	$0	$0	$0
Pam Manthous	Past Commodore	2.00	Officer	$0	$0	$0
Paul Grady	Treasurer	5.00	Officer	$0	$0	$0
Theresa Colantuano	Recording Sec	2.00	Officer	$0	$0	$0
Jessica Smith	Assistant Treas	5.00	Officer	$0	$0	$0
Jenn Nemec	Corresp Sec	2.00	Officer	$0	$0	$0
Norm Peck III	Membership Ch	2.00	Officer	$0	$0	$0
Dick Morris	House Chair	2.00	Officer	$0	$0	$0
Greg Dreisch	Plan. & Dev Ch	2.00	Officer	$0	$0	$0
Bob Shabunia	Waterfront Ch	2.00	Officer	$0	$0	$0
Pam Woodruff	Member at Large	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
2025	No data	No data	No data	No data
2024	$460,641	$509,814	$1,030,492	$-49,173
2023	$402,444	$389,717	$1,082,109	$12,727
2022	$395,937	$365,563	$1,068,199	$30,374
2021	$358,657	$310,128	$1,035,681	$48,529
2020	$354,596	$351,542	$1,014,212	$3,054
2019	$367,416	$333,840	$1,050,539	$33,576
2018	$373,981	$322,096	$1,053,599	$51,885

Niantic Bay Yacht Club Inc