Electric Boat Athletic Club Incorporated (EIN 060759353) - 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

1935

Legal Domicile

Principal Officer

Jon Carr

Phone

8604331098

Tax Period

2024-01-01 to 2024-12-31

Electric Boat Athletic Club Incorporated, founded in 1935, is a small nonprofit that reported $588K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $526K left a modest 11% surplus.

Mission

To encourage social, educational and recreational activities.

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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 $42,062

Program Service Revenue $545,663

Investment Income $325

Other Revenue $0

TOTAL REVENUE $588,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,349

Fundraising Expenses $0

Program Expenses $505,337

Other Expenses $510,770

TOTAL EXPENSES $526,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,050	$332,329	+0.8%
Expenses	$526,119	$426,973	+0.2%
Net Income	$61,931	$-94,644	-1.7%

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

$1,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Carr	President	1.00	Officer	$150	$0	$150
Christine Elliot	Vice President	1.00	Officer	$0	$0	$0
Brandon McCool	Treasurer (part-year)	2.00	Officer	$350	$0	$350
Pam Gonski	Financial Secretary	2.00	Officer	$150	$0	$150
Anita Kaiser	Secretary	2.00	Officer	$150	$0	$150
Gregory King	Treasurer (part-year)	2.00	Officer	$350	$0	$350

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	$588,050	$526,119	$220,097	$61,931
2023	$332,329	$426,973	$158,783	$-94,644
2022	$473,622	$458,060	$252,713	$15,562
2021	$163,835	$120,772	$228,848	$43,063
2020	$288,650	$182,971	$185,730	$105,679
2019	$594,897	$646,431	$80,051	$-51,534
2018	$627,556	$606,614	$131,585	$20,942

Electric Boat Athletic Club Incorporated