LOCUST POINT YACHT CLUB INC (EIN 131718154) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

JOSEPH DONOVAN

Phone

7188229806

Tax Period

2024-01-01 to 2024-12-31

LOCUST POINT YACHT CLUB INC, founded in 1933, is a small nonprofit in the Recreation & Sports sector that reported $299K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $974K represent 39 months of operating reserves.

Mission

SOCIAL ORGANIZATION FOR THE PROMOTION, SUPPORT AND GROWTH OF YACHTING ACTIVITIES FOR ITS MEMBERS, INCLUDING TRAINING AND INSTRUCTION IN PILOTING, MAINTENANCE AND SAFETY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $235,460

Program Service Revenue $32,634

Investment Income $48

Other Revenue $31,280

TOTAL REVENUE $299,422

Expense Breakdown

Grants Paid $100

Salaries & Benefits $2,003

Fundraising Expenses $0

Program Expenses $304,386

Other Expenses $302,283

TOTAL EXPENSES $304,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,422	$316,290	-0.1%
Expenses	$304,386	$267,390	+0.1%
Net Income	$-4,964	$48,900	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
JOHN GORGOLIONE	BOARD CHAIRMAN	5.00	Officer	$0	$0	$0
MATHEW O'BRIEN	FINANCIAL SECRETARY	5.00	Officer	$0	$0	$0
JOSEPH M PELOSO	TREASURER	5.00	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	$299,422	$304,386	$982,976	$-4,964
2023	$316,290	$267,390	$980,948	$48,900
2022	$337,112	$318,860	$932,574	$18,252
2021	$309,931	$248,006	$914,422	$61,925
2020	$305,715	$366,904	$851,238	$-61,189
2019	$342,694	$287,758	$913,785	$54,936
2018	$317,810	$283,208	$860,397	$34,602

LOCUST POINT YACHT CLUB INC