NEW HAMBURG YACHT CLUB

EIN: 141673306

HUGHSONVILLE, NY

Total Revenue
$191,499
Total Expenses
$94,702
Total Assets
$228,855
Net Assets
$228,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
NY
Principal Officer
DOUGLAS TOMPKINS
Phone
8452981707
Tax Period
2024-01-01 to 2024-12-31

NEW HAMBURG YACHT CLUB, founded in 1911, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 51% operating margin.

Mission

NEW HAMBURG YACHT CLUB (NHYC) WAS FORMED FOR THE PURPOSE OF THE ASSOCIATION OF ITS MEMBERS IN THE ADVANCEMENT, PROMOTION AND ENCOURAGEMENT OF RECREATIONAL BOATING, MARINE ENVIRONMENT, SAFETY, AND EDUCATION. NHYC ACCOMPLISHES ITS PURPOSES BY CARRYING OUT THE FOLLOWING ACTIVITIES: 1. NHYC ERECTS AND MAINTAINS MOORING AND DOCK FACILITIES ON THE HUDSON RIVER IN NEW HAMBURG, NEW YORK FOR THE USE OF ITS MEMBERS. THE USE OF SAID FACILITIES IS AVAILABLE TO MEMBERS ONLY. THE MEMBERS BUILD, REPAIR, AND MAINTAIN THE DOCKS AND MOORING FACILITIES. 2. NHYC RENTS A CLUBHOUSE FROM NHYC PROPERTIES INC. FOR THE USE OF ITS MEMBERS. THE CLUB HOUSE IS AVAILABLE FOR SOCIAL GATHERINGS OF MEMBERS AND EDUCATIONAL PROGRAMS SPONSORED BY THE CLUB FOR THE BENEFIT OF ITS MEMBERS. THE CLUBHOUSE IS MAINTAINED AND OPERATED BY MEMBERS OF THE CLUB. 3. NHYC PRESENTS AND SPONSORS EDUCATIONAL PROGRAMS FOR ITS MEMBERS ON SAFE BOATING PROCEDURES, RIVER NAVIGATION, AND BASIC BOAT MAINTENANCE. NHYC ALSO PRESENTS AND SPONSORS P

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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 $154,678
Investment Income $0
Other Revenue $36,821
TOTAL REVENUE $191,499

Expense Breakdown

Grants Paid $2,065
Salaries & Benefits $11,347
Fundraising Expenses $0
Other Expenses $81,290
TOTAL EXPENSES $94,702

Year-over-Year Comparison

2024 2023 Change
Revenue $191,499 N/A N/A
Expenses $94,702 N/A N/A
Net Income $96,797 N/A N/A
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
9
Independent Members
9
Employees
3
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
5
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BYRNES TRUSTEE N/A
Director
$0 $0 $0
ROBERT MOLITORIS TRUSTEE N/A
Director
$0 $0 $0
JAMES WHITING TRUSTEE N/A
Director
$0 $0 $0
ROBERT CALLEY FLEET CAPTAI N/A
Officer
$0 $0 $0
JULIE GREENE SECRETARY N/A
Officer
$0 $0 $0
RITA HUGHES FINANCIAL SE N/A
Officer
$0 $0 $0
HENRY MATHEUS VICE COMMODO N/A
Officer
$0 $0 $0
DOUGLAS TOMPKINS COMMODORE N/A
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 $191,499 $94,702 $228,855 $96,797
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