MASONS ISLAND YACHT CLUB INC (EIN 060714276) - 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

1923

Legal Domicile

Principal Officer

DAVID LUDWIG

Phone

7036089917

Tax Period

2024-01-01 to 2024-12-31

MASONS ISLAND YACHT CLUB INC, founded in 1923, is a small nonprofit that reported $609K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $100K, a strong 16% operating margin.

Mission

TO ENCOURAGE THE SPORT OF YACHTING, PROVIDE A PLACE FOR COMMUNITY ENTERTAINMENT AND PROMOTE SOCIAL INTERACTION, RECREATION AND IMPROVMENT OF ITS MEMBERS.

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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 $322,765

Program Service Revenue $169,925

Investment Income $17,863

Other Revenue $98,365

TOTAL REVENUE $608,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,020

Fundraising Expenses $0

Program Expenses $445,488

Other Expenses $382,562

TOTAL EXPENSES $508,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,918	$550,114	+0.1%
Expenses	$508,582	$524,777	0.0%
Net Income	$100,336	$25,337	+3.0%

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

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
KEVIN MILLER	COMMODORE	15.00	Officer Director	$0	$0	$0
JODY PHILLIPS CLARK	VICE COMMODRE	10.00	Officer Director	$0	$0	$0
JIM WILSON	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
SARAH LEE WILLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID LUDWIG	TREASURER	20.00	Officer Director	$0	$0	$0
VARIOUS TRUSTEES - 7 TOTAL	TRUSTEE	5.00	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
2024	$608,918	$508,582	$1,271,674	$100,336
2023	$550,114	$524,777	$1,173,023	$25,337
2022	$498,268	$444,860	$1,146,075	$53,408
2021	$527,846	$421,691	$1,089,159	$106,155
2020	$402,599	$366,811	$982,051	$35,788

MASONS ISLAND YACHT CLUB INC