Willowbank Yacht Club Inc (EIN 150596658) - 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

1949

Legal Domicile

Principal Officer

Thomas Harig

Tax Period

2023-01-01 to 2023-12-31

Willowbank Yacht Club Inc, founded in 1949, is a small nonprofit in the Community Improvement sector that reported $528K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $500K left a modest 5% surplus.

Mission

The promotion and elevation of yachting and other aquatic sports and the development and cultivation of social intercourse among its 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 (2023)

Revenue Breakdown

Contributions & Grants $296,787

Program Service Revenue $221,919

Investment Income $6,825

Other Revenue $2,799

TOTAL REVENUE $528,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,040

Fundraising Expenses $0

Program Expenses $500,201

Other Expenses $286,161

TOTAL EXPENSES $500,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,330	$457,555	+0.2%
Expenses	$500,201	$436,728	+0.1%
Net Income	$28,129	$20,827	+0.4%

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

375

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
Sara McDowell	Board member	1.00	Director	$0	$0	$0
Christina Frega	Board member	1.00	Director	$0	$0	$0
Anya Woods-ONeill	Board member	1.00	Director	$0	$0	$0
Steven Dorus	Board member	1.00	Director	$0	$0	$0
Chris Grantham	Board member	1.00	Director	$0	$0	$0
Steven Maggio	Board member	1.00	Director	$0	$0	$0
Judith Hight	Board member	1.00	Director	$0	$0	$0
Carol Pugh	Board member	1.00	Director	$0	$0	$0
Thomas Harig	Commodore	2.00	Officer Director	$0	$0	$0
Todd Luchsinger	Treasurer	2.00	Officer Director	$0	$0	$0
David Burch	Rear commodore	2.00	Officer Director	$0	$0	$0
Victor Prial	Vice commodore	2.00	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	$528,330	$500,201	$731,562	$28,129
2022	$457,555	$436,728	$706,303	$20,827
2021	$473,404	$373,135	$686,158	$100,269
2020	$313,831	$291,251	$588,146	$22,580

Willowbank Yacht Club Inc