Smithtown Bay Yacht Club (EIN 116036950) - 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

1953

Legal Domicile

Principal Officer

Timothy Clemens

Phone

6313388858

Tax Period

2023-11-01 to 2024-10-31

Smithtown Bay Yacht Club, founded in 1953, is a small nonprofit that reported $525K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $461K left a modest 12% surplus.

Mission

The promotion of safe and pleasurable boating

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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 $0

Program Service Revenue $514,729

Investment Income $10,028

Other Revenue $0

TOTAL REVENUE $524,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,736

Fundraising Expenses $0

Other Expenses $343,002

TOTAL EXPENSES $460,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,757	$454,066	+0.2%
Expenses	$460,738	$461,904	0.0%
Net Income	$64,019	$-7,838	-9.2%

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

N/A

Employees

N/A

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
Scott Trafas	President	2.00	Officer	$0	$0	$0
Alex Pfitzer	Vice President	2.00	Officer	$0	$0	$0
Steve Sisino	Vice President	1.00	Officer	$0	$0	$0
Joseph Walker	Secretary	1.00	Officer	$0	$0	$0
Timothy Clemens	Treasurer	3.00	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	$524,757	$460,738	$744,507	$64,019
2023	$454,066	$461,904	$682,840	$-7,838
2022	$498,114	$496,489	$696,140	$1,625
2021	$409,621	$372,573	$685,012	$37,048
2020	$303,022	$296,299	$644,340	$6,723
2019	$306,833	$294,041	$637,862	$12,792
2018	$370,345	$302,347	$650,880	$67,998

Smithtown Bay Yacht Club