RICHMOND COUNTY YACHT CLUB INC

EIN: 135578773

STATEN ISLAND, NY

Total Revenue
$746,233
Total Expenses
$833,928
Total Assets
$2,994,860
Net Assets
$1,558,608
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NY
Phone
7183564120
Tax Period
2024-11-01 to 2025-10-31

RICHMOND COUNTY YACHT CLUB INC, founded in 1923, is a small nonprofit that reported $746K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $834K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTE THE SCIENCE OF SEAMANSHIP, NAVIGATION, NAVAL ARCHITECTURE AND CONSTRUCTION AND TO PROVIDE A SUITABLE CLUBHOUSE, DOCKS AND ANCHORAGE FOR ALL THE RECREATION AND USE OF IT'S MEMBERS AND TO ENCOURAGE SOCIAL RELATIONS AMONG THE NEIGHBORING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $729,297
Investment Income $0
Other Revenue $16,936
TOTAL REVENUE $746,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,226
Fundraising Expenses $0
Program Expenses $780,823
Other Expenses $693,702
TOTAL EXPENSES $833,928

Year-over-Year Comparison

2024 2023 Change
Revenue $746,233 $830,575 -0.1%
Expenses $833,928 $809,093 +0.0%
Net Income $-87,695 $21,482 -5.1%
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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Governance

Voting Members
14
Independent Members
14
Employees
26
Volunteers
24

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
MATT MALLOY COMMODORE 10.00
Officer Director
$0 $0 $0
LORETTA SPERANZO Treasurer 10.00
Officer Director
$0 $0 $0
EVELYN CUSHMAN Secretary 10.00
Officer Director
$0 $0 $0
JOHN SANTANA FLEET CAPTAIN 10.00
Director
$0 $0 $0
JESSE OTTESEN REAR COMMODORE 10.00
Officer Director
$0 $0 $0
DWIGHT MILLMAN BOARD OF GOVERN 10.00
Director
$0 $0 $0
JOHN MALONEY BOARD OF GOVERN 10.00
Director
$0 $0 $0
CHRISTOPHER GOVERNO BOARD OF GOVERN 10.00
Director
$0 $0 $0
BRIAN DEVITO VICE COMMODORE 10.00
Officer Director
$0 $0 $0
PAUL KELLY BOARD OF GOVERN 10.00
Director
$0 $0 $0
RICHARD NUZZOLO BOARD OF GOVERN 10.00
Director
$0 $0 $0
MICHAEL BURNS GOVERNOR 10.00
Director
$0 $0 $0
SALVATORE DESALVO GOVERNOR 10.00
Director
$0 $0 $0
JAMES DIMEO BOARD OF GOVERN 10.00
Director
$0 $0 $0
ROBERT KOLB BOARD OF GOVERN 10.00
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 $746,233 $833,928 $2,994,860 $-87,695
2024 $830,575 $809,093 $3,194,949 $21,482
2023 $791,471 $688,168 $3,295,615 $103,303
2022 $791,536 $726,446 $3,306,009 $65,090
2021 $863,918 $748,273 $3,343,913 $115,645
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