ITHACA YACHT CLUB (EIN 150349097) - Form 990 Financial Analysis & Trantor Score

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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

1907

Legal Domicile

Principal Officer

WILLIAM ARMS

Phone

6072725550

Tax Period

2023-01-01 to 2023-12-31

ITHACA YACHT CLUB, founded in 1907, is a small nonprofit in the Recreation & Sports sector that reported $611K in total revenue in fiscal year 2023. Expenses of $545K left a modest 11% surplus.

Mission

TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $377,012

Program Service Revenue $230,129

Investment Income $199

Other Revenue $3,214

TOTAL REVENUE $610,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,707

Fundraising Expenses $0

Program Expenses $287,272

Other Expenses $472,125

TOTAL EXPENSES $544,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,554	$575,544	+0.1%
Expenses	$544,832	$550,283	0.0%
Net Income	$65,722	$25,261	+1.6%

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

Volunteers

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
COSTA LAMBROU	COMMODORE	1.00	Officer Director	$0	$0	$0
TOM THURBER	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JUDY SINGER	TREASURER	1.00	Officer Director	$0	$0	$0
BOBBI SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
SAM SCHEUPBACH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BREUHAUS	DIRECTOR	1.00	Director	$0	$0	$0
GWEN BULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GAGE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FILIBERTO	DIRECTOR	1.00	Director	$0	$0	$0
BETH BREUHAUS	DIRECTOR	1.00	Director	$0	$0	$0
LIZ CLARK	REAR-COMMODORE	1.00	Officer 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	$610,554	$544,832	$1,801,144	$65,722
2022	$575,544	$550,283	$2,163,755	$25,261
2021	$540,964	$449,233	$2,154,249	$91,731
2020	$528,362	$450,495	$1,378,482	$77,867
2019	$541,277	$462,037	$1,348,072	$79,240
2018	$503,733	$451,586	$1,363,428	$52,147

ITHACA YACHT CLUB