VARUNA BOAT CLUB INC (EIN 111437803) - 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

1932

Principal Officer

LAWRENCE BRINCAT

Phone

7186461357

Tax Period

2023-01-01 to 2023-12-31

VARUNA BOAT CLUB INC, founded in 1932, is a small nonprofit in the Recreation & Sports sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 16% operating margin.

Mission

TO SUPPORT MEMBERS BOATING ACTIVITIES AND DOCKAGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $70,883

Program Service Revenue $105,236

Investment Income $56

Other Revenue $49,024

TOTAL REVENUE $225,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,719

Fundraising Expenses $0

Program Expenses $187,867

Other Expenses $183,869

TOTAL EXPENSES $188,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,199	$179,646	+0.3%
Expenses	$188,588	$155,487	+0.2%
Net Income	$36,611	$24,159	+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

N/A

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE BRINCAT	TREASURER	N/A	Officer	$0	$0	$0
THOMAS BUCHNER	CAPTAIN	N/A	Officer	$0	$0	$0
DONALD HELLMERS	SECRETARY	N/A	Officer	$0	$0	$0
MARTIN VEZZUTO JR	VICE-PRESIDE	N/A	Officer	$0	$0	$0
STEVEN MATTERA	FLEET CAPTAI	N/A	Officer	$0	$0	$0
MICHAEL SIANO	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$225,199	$188,588	$373,786	$36,611
2022	$179,646	$155,487	$330,616	$24,159
2021	$187,222	$156,566	$375,112	$30,656
2020	$146,039	$157,128	$328,973	$-11,089
2019	$128,319	$161,149	$345,765	$-32,830
2018	$135,514	$151,179	$338,004	$-15,665

VARUNA BOAT CLUB INC