SALTAIRE YACHT CLUB C/O STEVEN KUNREUTHER (EIN 111860416) - 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

1914

Legal Domicile

Principal Officer

PATRICK MCELHONE

Phone

6315835117

Tax Period

2024-01-01 to 2024-12-31

SALTAIRE YACHT CLUB C/O STEVEN KUNREUTHER, founded in 1914, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

ENCOURAGE SPORTS OF YACHTING AND BOATING, PROMOTE SEAMANSHIP AND NAVIGATION, PROVIDE AND MAINTAIN CLUBHOUSE AND ANCHORAGE FOR USE OF 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 $1,023,075

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,023,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,967

Fundraising Expenses $0

Other Expenses $693,640

TOTAL EXPENSES $1,015,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,023,075	$974,500	+0.0%
Expenses	$1,015,607	$936,195	+0.1%
Net Income	$7,468	$38,305	-0.8%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEAGHAN CHEUNG	COMMODORE	10.00	Officer Director	$0	$0	$0
LENNY BENDER	VICE COMMODORE	4.00	Officer Director	$0	$0	$0
CHERYL VALENTE	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
PATRICK MCELHONE	TREASURER	6.00	Officer Director	$0	$0	$0
PAIGE RUDZIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLE SIROVICH	TENNIS CAPTAIN	4.00	Director	$0	$0	$0
GEOFFREY MELUSO	FLEET CAPTAIN	4.00	Director	$0	$0	$0
PIA CARROLL	GOVERNOR	1.00	Director	$0	$0	$0
NICOLE DILLER	GOVERNOR	1.00	Director	$0	$0	$0
LISA ACINAPURA	GOVERNOR	3.00	Director	$0	$0	$0
JUAN PABLO PALLORDET	GOVERNOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,023,075	$1,015,607	$2,455,795	$7,468
2023	$974,500	$936,195	$2,507,726	$38,305
2022	$1,016,579	$866,410	$2,539,108	$150,169
2021	$986,689	$969,799	$2,486,867	$16,890
2020	$784,564	$791,222	$2,550,517	$-6,658
2019	$878,469	$992,431	$2,522,014	$-113,962
2018	$777,203	$849,552	$2,683,735	$-72,349

SALTAIRE YACHT CLUB C/O STEVEN KUNREUTHER