North Cove Yacht Club Inc (EIN 060866981) - 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

1969

Legal Domicile

Principal Officer

Linda Tuzzio

Phone

8603889132

Tax Period

2025-01-01 to 2025-12-31

North Cove Yacht Club Inc, founded in 1969, is a small nonprofit that reported $203K in total revenue in fiscal year 2025. Expenses of $194K left a modest 5% surplus.

Mission

We are a yacht club engaged in cruising, sail races, and junior sailing instruction.

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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 (2025)

Revenue Breakdown

Contributions & Grants $117,362

Program Service Revenue $76,020

Investment Income $6

Other Revenue $9,474

TOTAL REVENUE $202,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,283

Fundraising Expenses $0

Program Expenses $170,098

Other Expenses $137,435

TOTAL EXPENSES $193,718

Year-over-Year Comparison

	2025	2024	Change
Revenue	$202,862	$200,347	+0.0%
Expenses	$193,718	$183,356	+0.1%
Net Income	$9,144	$16,991	-0.5%

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

N/A

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
Lou Vinciguerra	Past Commodore	2.00	Director	$0	$0	$0
Christopher Bazinet	Governor	3.00	Director	$0	$0	$0
Cathy Murphy	Governor	2.00	Director	$0	$0	$0
Bill Turner	Governor	2.00	Director	$0	$0	$0
Dan Ferrier	Governor	2.00	Director	$0	$0	$0
Mindy Hill	Governor	2.00	Director	$0	$0	$0
Alan Ebstein	Governor	2.00	Director	$0	$0	$0
Walter E Gayeski	Governor	2.00	Director	$0	$0	$0
Skip Haskins	Governor	2.00	Director	$0	$0	$0
Chris Griffin	Governor	2.00	Director	$0	$0	$0
Melissa Mason	Vice Commodore	5.00	Officer	$0	$0	$0
Debra Paulsen	Rear Commodore	5.00	Officer	$0	$0	$0
Joseph Carroll	Secretary	2.00	Officer	$0	$0	$0
John Waanders	Treasurer	5.00	Officer	$0	$0	$0
Linda Tuzzio	Commodore	6.00	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	$202,862	$193,718	$462,874	$9,144
2024	$200,347	$183,356	$476,223	$16,991
2023	$178,099	$225,757	$473,251	$-47,658
2022	$177,217	$190,606	$546,450	$-13,389
2021	$174,587	$153,903	$570,705	$20,684
2020	$86,599	$122,024	$559,232	$-35,425
2019	$151,426	$154,877	$550,323	$-3,451
2018	$157,746	$139,590	$566,342	$18,156

North Cove Yacht Club Inc