STONY BROOK YACHT CLUB INC

EIN: 111374565 Recreation & Sports

STONY BROOK, NY

Total Revenue
$2,149,561
Total Expenses
$2,081,166
Total Assets
$3,261,855
Net Assets
$1,375,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
NY
Principal Officer
MARK REITH
Phone
6317519873
Tax Period
2024-01-01 to 2024-12-31

STONY BROOK YACHT CLUB INC, founded in 1913, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 3% surplus.

Mission

STONY BROOK YACHT CLUB, INC. WAS ORGANIZED TO ENCOURAGE THE SPORTS OF YACHTING AND BOATING, PROMOTE THE SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ANCHORAGE FOR THE RECREATION AND USE OF ITS MEMBERS.

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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 $1,937,793
Investment Income $0
Other Revenue $211,768
TOTAL REVENUE $2,149,561

Expense Breakdown

Grants Paid $0
Salaries & Benefits $914,212
Fundraising Expenses $0
Program Expenses $1,382,461
Other Expenses $1,166,954
TOTAL EXPENSES $2,081,166

Year-over-Year Comparison

2024 2023 Change
Revenue $2,149,561 $2,022,877 +0.1%
Expenses $2,081,166 $2,020,704 +0.0%
Net Income $68,395 $2,173 +30.5%
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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Governance

Voting Members
7
Independent Members
8
Employees
70
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK REITH COMMODORE 0.00
Officer Director
$0 $0 $0
CLAY CROUCH Trustee 0.00
Director
$0 $0 $0
DAN OLIVERI Secretary 0.00
Officer Director
$0 $0 $0
VINCENT GARGANO Trustee 0.00
Director
$0 $0 $0
DENNIS BOLOGNA Trustee 0.00
Director
$0 $0 $0
ERNST DINDA Trustee 0.00
Director
$0 $0 $0
JAMES MCDONALD Trustee 0.00
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
2024 $2,149,561 $2,081,166 $3,261,855 $68,395
2023 $2,022,877 $2,020,704 $3,382,718 $2,173
2022 $1,921,676 $2,001,210 $3,314,891 $-79,534
2021 $2,144,649 $1,786,031 $1,925,542 $358,618
2020 $1,647,262 $1,627,391 $1,606,383 $19,871
2019 $1,862,748 $1,924,899 $1,525,878 $-62,151
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