CRUISING CLUB OF AMERICA

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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

1923

Legal Domicile

Principal Officer

KATHLEEN O'DONNELL ESQ

Phone

6177942794

Tax Period

2022-11-01 to 2023-10-31

CRUISING CLUB OF AMERICA, founded in 1923, is a small nonprofit that reported $647K in total revenue in fiscal year 2022. Net assets of $1.9M represent 35 months of operating reserves.

Mission

PROMOTION OF BLUE WATER CRUISING AND DEVELOPMENT OF THE CRUISING YACHT.

Program Service Accomplishments

Program 1

Expenses: $225,265 Revenue: $152,925

CRUISING ACTIVITIES

Program 2

Expenses: $59,664 Revenue: $86,660

SAFETY AT SEA SEMINARS

Program 3

Expenses: $165,788 Revenue: $12,670

PUBLICATIONS OF INTEREST TO 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 (2022)

Revenue Breakdown

Contributions & Grants $352,257

Program Service Revenue $152,924

Investment Income $25,528

Other Revenue $116,670

TOTAL REVENUE $647,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $623,373

Other Expenses $634,789

TOTAL EXPENSES $634,789

Year-over-Year Comparison

	2022	2021	Change
Revenue	$647,379	$678,209	0.0%
Expenses	$634,789	$849,279	-0.3%
Net Income	$12,590	$-171,070	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

180

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
CHRISTOPHER L OTOROWSKI	COMMODORE	15.00	Officer Director	$0	$0	$0
JOHN R GOWELL	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
MOLLY BARNES	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN M O'DONNELL	TREASURER	20.00	Officer Director	$0	$0	$0
DOUGLAS D ADKINS	HISTORIAN	2.00	Officer Director	$0	$0	$0
CARTER SBACON JR	GOVERNOR	1.00	Director	$0	$0	$0
G ERNEST HAMILTON	GOVERNOR	1.00	Director	$0	$0	$0
SOMERS W KEMPE	GOVERNOR	1.00	Director	$0	$0	$0
BEVERLEY L CRUMP	GOVERNOR	1.00	Director	$0	$0	$0
ATLE MOE	GOVERNOR	1.00	Director	$0	$0	$0
P BALASUBRAMANIAN	GOVERNOR	1.00	Director	$0	$0	$0
PETER P BECKER	GOVERNOR	1.00	Director	$0	$0	$0
DAVID C UTLEY	GOVERNOR	1.00	Director	$0	$0	$0
RICHARD L SCHAPER	GOVERNOR	1.00	Director	$0	$0	$0
DENNIS DURGAN	GOVERNOR	1.00	Director	$0	$0	$0
HANS F HIMMELMAN	GOVERNOR	1.00	Director	$0	$0	$0
JEFFREY P GONSALVES	GOVERNOR	1.00	Director	$0	$0	$0
ROWENA CARLSON	GOVERNOR	1.00	Director	$0	$0	$0
JOHNATHAN WRIGHT	GOVERNOR	1.00	Director	$0	$0	$0
CHRIS TERAJEWICZ	GOVERNOR	1.00	Director	$0	$0	$0
A BALASUBRAMANIAN	GOVERNOR	1.00	Director	$0	$0	$0
BUDDY REGO	GOVERNOR	1.00	Director	$0	$0	$0
GRETCHEN BIEMESDERFER	GOVERNOR	1.00	Director	$0	$0	$0
SPENCER KUHNER	GOVERNOR	1.00	Director	$0	$0	$0
MARY ALICE O'NEIL	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
2024	No data	No data	No data	No data
2023	$647,379	$634,789	$1,942,242	$12,590
2023	$158,567	$55,096	$2,216,659	$103,471
2022	$678,209	$849,279	$1,427,947	$-171,070
2021	$366,831	$252,242	$1,589,982	$114,589
2019	$445,452	$517,447	$1,446,041	$-71,995
2018	$443,601	$506,215	$1,521,347	$-62,614