THE DEVON YACHT CLUB INC (EIN 110678790) - 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

1916

Legal Domicile

Principal Officer

PATRICK D COLEMAN

Phone

6312676340

Tax Period

2024-01-01 to 2024-12-31

THE DEVON YACHT CLUB INC, founded in 1916, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 22% operating margin.

Mission

THE CLUB IS FORMED TO SERVE AS A PLACE FOR PLEASURE AND RECREATION AND IS INTENDED AT ALL TIMES TO BE OPERATED EXCLUSIVELY FOR SUCH PURPOSES.

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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 $0

Program Service Revenue $3,130,516

Investment Income $224,721

Other Revenue $1,957,391

TOTAL REVENUE $5,312,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,553,768

Fundraising Expenses $0

Other Expenses $1,616,043

TOTAL EXPENSES $4,169,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,312,628	$4,480,952	+0.2%
Expenses	$4,169,811	$3,930,928	+0.1%
Net Income	$1,142,817	$550,024	+1.1%

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

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

$371,069

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SULLIVAN	PRESIDENT	15.00	Officer Director	$0	$0	$0
DR LOUISE M COLLINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GEOFFREY GRANT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICK COLEMAN	TREASURER	5.00	Officer Director	$0	$0	$0
SETH HENDON	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW GARVEY	FLEET CAPTAIN	2.00	Director	$0	$0	$0
MEG BUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DURAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY KANE	BOARD MEMBER	1.00	Director	$0	$0	$0
DARCY KUZMIER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH LEBEC	BOARD MEMBER	1.00	Director	$0	$0	$0
JARRETT LILIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CLIFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX NORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA DEICHERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAPHNE THEOTOCATOS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA HOLLMANN	GENERAL MANAGER	65.00	Key Emp	$345,123	$25,946	$371,069
AARON MITCHELL PATRICK	EXECUTIVE CHEF	65.00	Highest	$190,616	$18,128	$208,744
CHRISTINE GOLDING	OFFICE MANAGER	45.00	Highest	$132,018	$16,164	$148,182
DONALD SCHNELL	HEAD OF MAINTENANCE	45.00	Highest	$140,017	$30,570	$170,587
TIMOTHY SNELL	TENNIS DIRECTOR	60.00	Highest	$140,426	$8,000	$148,426

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	$5,312,628	$4,169,811	$13,066,403	$1,142,817
2023	$4,480,952	$3,930,928	$11,714,347	$550,024
2022	$4,608,398	$3,322,604	$10,996,678	$1,285,794
2021	$119,571	$588,127	$9,703,709	$-468,556
2021	$4,176,221	$3,246,904	$10,454,693	$929,317
2020	$3,894,892	$3,042,618	$9,462,596	$852,274
2019	$3,819,205	$3,223,303	$8,603,356	$595,902
2018	$3,578,626	$3,178,459	$7,774,801	$400,167

THE DEVON YACHT CLUB INC