GROTON LONG POINT YACHT CLUB INC

EIN: 060912247

GROTON LONG POINT, CT

Total Revenue
$588,310
Total Expenses
$524,704
Total Assets
$391,266
Net Assets
$385,248
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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
1934
Legal Domicile
CT
Principal Officer
JAY CARROLL
Phone
8605360242
Tax Period
2024-10-01 to 2025-09-30

GROTON LONG POINT YACHT CLUB INC, founded in 1934, is a small nonprofit that reported $588K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $525K left a modest 11% surplus.

Mission

SOCIAL CLUB PROVIDING SERVICES TO CLUB MEMBERS SUCH AS ADULT ACTIVITIES, SAILING, TENNIS, SPORTS, AND SWIMMING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $561,814
Investment Income $130
Other Revenue $26,366
TOTAL REVENUE $588,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,411
Fundraising Expenses $0
Program Expenses $393,797
Other Expenses $241,293
TOTAL EXPENSES $524,704

Year-over-Year Comparison

2024 2023 Change
Revenue $588,310 $527,383 +0.1%
Expenses $524,704 $502,957 +0.0%
Net Income $63,606 $24,426 +1.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
61
Volunteers
20

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
7
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY CARROLL COMMODORE N/A
Officer Director
$0 $0 $0
CHRIS CHRISTIAN VICE COMMODO N/A
Officer Director
$0 $0 $0
TOD MUNN 1ST REAR COM N/A
Officer Director
$0 $0 $0
JUSTIN WIGGS TREASURER N/A
Officer Director
$0 $0 $0
HANNAH BELL-LOMBARDO SECRETARY N/A
Officer Director
$0 $0 $0
JEANINE BOROWIEC DIRECTOR N/A
Officer Director
$0 $0 $0
CATIE CHASE DIRECTOR N/A
Director
$0 $0 $0
ROBIN DALEY DIRECTOR N/A
Director
$0 $0 $0
KATIE RUSH DIRECTOR N/A
Director
$0 $0 $0
DEREK PISANI DIRECTOR N/A
Director
$0 $0 $0
TENLEY PRINCE DIRECTOR N/A
Director
$0 $0 $0
DARCIE WATSON DIRECTOR N/A
Director
$0 $0 $0
SETH MCDONNELL PAST COMMODO N/A
Officer 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
2025 $588,310 $524,704 $391,266 $63,606
2024 $527,383 $502,957 $330,400 $24,426
2023 $476,446 $450,554 $303,801 $25,892
2022 $539,597 $515,504 $286,435 $24,093
2021 $428,569 $357,664 $257,581 $70,905
2020 $81,060 $118,461 $187,536 $-37,401
2019 $361,586 $336,979 $225,208 $24,607
2018 $343,540 $349,239 $202,451 $-5,699
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