CENTERPORT YACHT CLUB INC (EIN 111619853) - 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

1947

Legal Domicile

Principal Officer

GEORGE HERNANDEZ

Phone

6312615440

Tax Period

2024-01-01 to 2024-12-31

CENTERPORT YACHT CLUB INC, founded in 1947, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024.

Mission

TO ENCOURAGE THE SPORT OF YACHTING, TO PROMOTE SKILLS IN NAVIGATION & BOAT HANDLING. TO PROVIDE FACILITIES FOR BOATING & ENTERTAINMENT FOR THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,610,182

Investment Income $41,637

Other Revenue $1,015,998

TOTAL REVENUE $2,667,817

Expense Breakdown

Grants Paid $2,065

Salaries & Benefits $1,537,381

Fundraising Expenses $0

Other Expenses $1,273,386

TOTAL EXPENSES $2,812,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,667,817	$2,633,938	+0.0%
Expenses	$2,812,832	$2,563,293	+0.1%
Net Income	$-145,015	$70,645	-3.1%

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

119

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
KEVIN KEEGAN	COMMODORE	3.00	Officer Director	$0	$0	$0
ROBERT WALSH	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
STACY ASLAN	REAR COMMODORE	3.00	Officer Director	$0	$0	$0
GEORGE HERNANDEZ	TREASURER	3.00	Officer Director	$0	$0	$0
TIMOTHY EBERT	FLEET CAPTAIN	3.00	Officer Director	$0	$0	$0
DANA SCHMIDT	RECORDING SECRETARY	3.00	Officer Director	$0	$0	$0
MARK DECKMAN	LEGAL ADVISOR	3.00	Officer Director	$0	$0	$0
CHRISTINE CARBONE	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
THERESA MURPHY	FINANCIAL SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM DEMILT	GOVERNOR	3.00	Director	$0	$0	$0
KIRI THOMSEN	GOVERNOR	3.00	Director	$0	$0	$0
JOSEPH MORENCY	GOVERNOR	3.00	Director	$0	$0	$0
JIM WELLER	GOVERNOR	3.00	Director	$0	$0	$0
ALLISON SIMKINS	GOVERNOR	3.00	Director	$0	$0	$0
RICHARD RUBEL	GOVERNOR	3.00	Director	$0	$0	$0
ANDREW ABERHAM	GOVERNOR	3.00	Director	$0	$0	$0
JOSEPH SCARPULLA	GOVERNOR	3.00	Director	$0	$0	$0
MICHAEL STERFLINGER	GOVERNOR	3.00	Director	$0	$0	$0
DINA BEVILACQUA	GENERAL MANAGER	40.00	Highest	$133,730	$10,773	$144,503

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	$2,667,817	$2,812,832	$3,615,716	$-145,015
2023	$2,633,938	$2,563,293	$3,734,111	$70,645
2022	$2,491,781	$2,427,109	$4,212,154	$64,672
2021	$2,567,922	$2,222,825	$4,138,010	$345,097
2020	$2,147,986	$1,897,326	$3,757,257	$250,660
2019	$2,231,891	$2,133,752	$3,651,900	$98,139
2018	$2,147,473	$2,027,765	$3,519,698	$119,708

CENTERPORT YACHT CLUB INC