SAUGATUCK HARBOR YACHT CLUB INC

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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

1959

Legal Domicile

Principal Officer

JAMES BREEDEN

Phone

2032273607

Tax Period

2023-01-01 to 2023-12-31

SAUGATUCK HARBOR YACHT CLUB INC, founded in 1959, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 7% surplus.

Mission

RECREATIONAL ACTIVITIES OF A YACHT CLUB

Program Service Accomplishments

Program 1

YACHT CLUB - PROVIDES PLACES TO DOCK MEMBERS BOATS FOR RECREATIONAL ACTIVITIES.

Program 2

PROVIDES ASSOCIATED ACTIVITIES SUCH AS FISHING, SAILBOAT RACES, AND SOCIAL FUNCTIONS.

Program 3

EDUCATIONAL ACTIVITIES FOR MEMBERS AND PROGRAMS FOR JUNIORS TO LEARN TO SAIL.

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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 $584,360

Program Service Revenue $573,952

Investment Income $26,271

Other Revenue $205,785

TOTAL REVENUE $1,390,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,500

Fundraising Expenses $0

Other Expenses $943,688

TOTAL EXPENSES $1,299,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,390,368	$1,193,718	+0.2%
Expenses	$1,299,188	$1,094,762	+0.2%
Net Income	$91,180	$98,956	-0.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS TAIT	GOVERNOR	5.00	Director	$0	$0	$0
LISA FERRONE	GOVERNOR	5.00	Director	$0	$0	$0
ANDREW ROSENBLATT	GOVERNOR	5.00	Director	$0	$0	$0
MEENA PELLERIN	GOVERNOR	5.00	Director	$0	$0	$0
CHARLIE PLATT	GOVERNOR	5.00	Director	$0	$0	$0
DEBORAH MONACO	GOVERNOR	5.00	Director	$0	$0	$0
GRAHAM MELLEN	GOVERNOR	5.00	Director	$0	$0	$0
ANDI DINITZ	GOVERNOR	5.00	Director	$0	$0	$0
DAVID MOORE	GOVERNOR	5.00	Director	$0	$0	$0
JOHN CIAVARA	GOVERNOR	5.00	Director	$0	$0	$0
JUNIUS BROWN	COMMODORE	5.00	Officer	$0	$0	$0
BARRY REINER	VICE COMMODORE	5.00	Officer	$0	$0	$0
SARA ANDO	REAR COMMODORE	5.00	Officer	$0	$0	$0
JAMES BREEDEN	TREASURER	5.00	Officer	$0	$0	$0
DORIA BACHENHEIMER	SECRETARY	5.00	Officer	$0	$0	$0
RYAN LEVITT	FLEET CAPTAIN	5.00	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
2024	No data	No data	No data	No data
2023	$1,390,368	$1,299,188	$2,529,695	$91,180
2022	$1,193,718	$1,094,762	$2,480,969	$98,956
2021	$1,016,320	$1,106,546	$2,019,925	$-90,226
2020	$960,700	$958,806	$2,184,265	$1,894
2019	$963,507	$1,058,472	$2,216,842	$-94,965
2018	$1,099,448	$1,133,414	$2,354,719	$-33,966