SOUTHOLD YACHT CLUB INC

EIN: 112138744 501(c)(3) Unknown

SOUTHOLD, NY

Total Revenue
$286,523
Total Expenses
$268,898
Total Assets
$294,597
Net Assets
$294,597
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NY
Principal Officer
GREG YOUNG
Phone
6317655629
Tax Period
2025-01-01 to 2025-12-31

SOUTHOLD YACHT CLUB INC, founded in 1938, is a small nonprofit in the Unknown sector that reported $287K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $269K left a modest 6% surplus.

Mission

TO MAKE SAILING ACCESSIBLE TO THE NORTH FORK COMMUNITY BY MAINTAINING INEXPENSIVE DUES AND LOW SAILING SCHOOL TUITION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $71,159
Program Service Revenue $215,292
Investment Income $72
Other Revenue $0
TOTAL REVENUE $286,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,391
Fundraising Expenses $717
Program Expenses $253,690
Other Expenses $174,507
TOTAL EXPENSES $268,898

Year-over-Year Comparison

2025 2024 Change
Revenue $286,523 $256,749 +0.1%
Expenses $268,898 $257,403 +0.0%
Net Income $17,625 $-654 -27.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
22
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER AMENGUAL GOVERNOR 0.50
Director
$0 $0 $0
SHANNON BEAVER VICE COMMODO 0.50
Officer Director
$0 $0 $0
STEVE CHENG GOVERNOR 0.50
Director
$0 $0 $0
ELIZABETH CLEARY GOVERNOR 0.50
Director
$0 $0 $0
SEAN CLEARY COMMODORE 2.00
Officer Director
$0 $0 $0
LAUREN CONNELL GOVERNOR 0.50
Director
$0 $0 $0
NANCY CUNEO GOVERNOR 0.50
Director
$0 $0 $0
CELESTE FLICK TREASURER 2.00
Officer Director
$0 $0 $0
JEAN GISMERVIK SECRETARY 0.50
Officer Director
$0 $0 $0
KENT LAYTON GOVERNOR 0.50
Director
$0 $0 $0
MATT LYONS REAR COMMODO 0.50
Officer Director
$0 $0 $0
MELISSA MILLER GOVERNOR 0.50
Director
$0 $0 $0
ANTHONY NAPPA GOVERNOR 0.50
Director
$0 $0 $0
SEAN OLSEN GOVERNOR 0.50
Director
$0 $0 $0
STACEY YOUNG GOVERNOR 0.50
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 $286,523 $268,898 $294,597 $17,625
2024 $256,749 $257,403 $277,082 $-654
2023 $223,072 $252,026 $277,736 $-28,954
2022 $229,802 $229,562 $306,690 $240
2021 $220,649 $213,697 $306,450 $6,952
2019 $197,590 $173,003 $301,336 $24,587
2018 $217,511 $171,538 $276,749 $45,973
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