NORTHERN LAKE GEORGE YACHT CLUB

EIN: 141307127

Hague, NY

Total Revenue
$256,952
Total Expenses
$189,838
Total Assets
$384,057
Net Assets
$383,816
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
NY
Principal Officer
Abigail Reingold
Phone
5185436533
Tax Period
2023-01-01 to 2023-12-31

NORTHERN LAKE GEORGE YACHT CLUB, founded in 1941, is a small nonprofit that reported $257K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 26% operating margin.

Mission

Sports and Social To promote yachting, to promote social recreation and yachting, and do all things necessary and incidental to the carrying out of these purposes (from incorporation documents).

Program Service Accomplishments

Program 1

The club organizes and conducts a summer youth training program. Students 4 to 16 years old are trained in sailing, swimming, water safety, and tennis. About 150 students from member and non-member...

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The club organizes and conducts a summer youth training program. Students 4 to 16 years old are trained in sailing, swimming, water safety, and tennis. About 150 students from member and non-member families were enrolled in the program. Program expenses are included in this form Part VIII line 7 and 10 payroll, and other expenses in lines 13, 14, 16, and 24a.

Program 2

The club conducts regular sailing competitions in one design sailboats on Saturday and Sunday mornings mid-June through mid-August. An estimated 115 people were involved with the competitions...

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The club conducts regular sailing competitions in one design sailboats on Saturday and Sunday mornings mid-June through mid-August. An estimated 115 people were involved with the competitions. Program expenses are included in lines 16 and 24b.

Program 3

The club hosts a number of recreational and social activities to promote contact and encourage lifelong friendships among our members. Recreational activities include but are not limited to adult...

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The club hosts a number of recreational and social activities to promote contact and encourage lifelong friendships among our members. Recreational activities include but are not limited to adult sailing and pickleball for all ages. Social activities include opening ceremonies and picnic, an awards ceremony and dinner, a Flag officers reception, and a square dance, among others.

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,148
Program Service Revenue $74,108
Investment Income $43
Other Revenue $-347
TOTAL REVENUE $256,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,169
Fundraising Expenses $0
Program Expenses $0
Other Expenses $119,669
TOTAL EXPENSES $189,838

Year-over-Year Comparison

2023 2022 Change
Revenue $256,952 $168,576 +0.5%
Expenses $189,838 $165,488 +0.1%
Net Income $67,114 $3,088 +20.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
27
Volunteers
250

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
9
$0
Total Directors
15
$0
Key Employees
2
$8,800
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Olivia Lucier Junior Program Manager (weekly hours reflect July and Aug only) 5
Key Emp
$4,800 $0 $4,800
Elizabeth Alexander Asst manager (weekly hours reflect July and August only) 5
Key Emp
$4,000 $0 $4,000
Jon Krahulik Director 2
Director
$0 $0 $0
Diane Rottier Director 2
Director
$0 $0 $0
Cheryl Solomon Director 2
Director
$0 $0 $0
Todd Wilson Director 2
Director
$0 $0 $0
Seddon Beaty Director 2
Director
$0 $0 $0
Hannah Darrin Director 2
Director
$0 $0 $0
Sandy Powell Director 2
Director
$0 $0 $0
Amanda Vickerson Director 2
Director
$0 $0 $0
Chris Quinn Director 2
Director
$0 $0 $0
Becky Snelson Director 2
Director
$0 $0 $0
Jamie Beaty Director 2
Director
$0 $0 $0
Peter Abell Ex-Commodore 2
Director
$0 $0 $0
Janet Lawrence Ex-Commodore 2
Director
$0 $0 $0
Lauren Waite Ex-Commodore 2
Director
$0 $0 $0
Bruce Hatfield Ex-Commodore 2
Director
$0 $0 $0
Doug Bryant Commodore 4
Officer
$0 $0 $0
Abigail Reingold Vice Commodore 4
Officer
$0 $0 $0
Patrick Cartwright Rear Commodore 4
Officer
$0 $0 $0
Chris Mayer Fleet Captain 4
Officer
$0 $0 $0
Donna Wotton Race Captain 4
Officer
$0 $0 $0
Robert Powell Membership Secretary 4
Officer
$0 $0 $0
Margaret Kennedy Corresponding Secretary 4
Officer
$0 $0 $0
Sally Snelson Purser 4
Officer
$0 $0 $0
Tom Vickerson Co-Race Captain 2
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $256,952 $189,838 $384,057 $67,114
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