LASALLE YACHT CLUB INC (EIN 160723957) - 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

1938

Legal Domicile

Principal Officer

CARL AZZARELLI

Phone

7162833080

Tax Period

2023-01-01 to 2023-12-31

LASALLE YACHT CLUB INC, founded in 1938, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $942K left a modest 14% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE LASALLE YACHT CLUB IS TO FOSTER SAFE,COMPETENT AND ENJOYABLE BOATING ON THE UPPER NIAGARA RIVER1) LIFE SAVING-TO AID/ASSIST OFFICIAL MARINE AGENCIES AND OFFER ASSISTANCE AND PROTECTION OF THE LIVES OF ALL THOSE BOATING ON THE UPPER NIAGARA RIVER. CLUB DOCK FACILITIES ARE AVAILABLE FOR USE BY GOVERNMENT AGENCIES TO SECURE DISABLED BOATS ABOVE THE FALLS.CLUB MEMBERS AND BOATS ALSO PROVIDE EMERGENCY ASSISTANCE TO BOATERS IN DISTRESS.2) WATERWAYS- TO CONSTANTLY ADVOCATE TO CITY, STATE AND FEDERAL GOVERNMENT TO PROVIDE PROPERLY OPERATED WATERWAYS AND MAINTAIN/IMPROVE ALL NAVIGABLE WATERWAYS IN THE UPPER NIAGARA RIVER.3) EDUCATION-TO EDUCATE THE GENERAL PUBLIC TO APPRECIATE THE SPORT AND PLEASURE DERIVED FROM BOATING IN THE VICINITY AND TO ENCOURAGE THE STUDY AND PRACTICE OF SAFE SEAMANSHIP, PILOTING AND NAVIGATION. CLUBHOUSE FACILITIES ARE AVAILABLE AND USED FOR SAFE BOATING CLASSES.4) BOATING-TO DEVELOP AND FOSTER BOATING AND SAILING ON THE UPPER NIAGARA R

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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 $194,197

Program Service Revenue $901,772

Investment Income $548

Other Revenue $0

TOTAL REVENUE $1,096,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,929

Fundraising Expenses $0

Other Expenses $661,119

TOTAL EXPENSES $942,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,096,517	$1,049,296	+0.0%
Expenses	$942,048	$978,100	0.0%
Net Income	$154,469	$71,196	+1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW DUGAN	FLEET CAPTAIN	2.00	Officer Director	$0	$0	$0
TED WEED	COMMODORE	2.00	Officer Director	$0	$0	$0
TIMOTHY PHILLIPS	Director	1.00	Director	$0	$0	$0
DONALD BOLAND	Director	1.00	Director	$0	$0	$0
KENNETH ARGONA RESIGN 22024	Treasurer	2.00	Officer Director	$0	$0	$0
JACK GOEDDERTZ	REAR CAPTAIN	2.00	Officer Director	$0	$0	$0
JASON KENNEDY	VICE COMMODORE	2.00	Officer Director	$0	$0	$0
MICHAEL SHEPARD	Secretary	2.00	Officer Director	$0	$0	$0
CARL AZZARELLI	Treasurer	2.00	Officer Director	$0	$0	$0
ANTHONY ROGERS	Director	1.00	Director	$0	$0	$0
MARTY HOUCK	Director	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	$1,096,517	$942,048	$982,297	$154,469
2022	$1,049,296	$978,100	$855,406	$71,196
2021	$923,039	$828,686	$730,669	$94,353
2020	$578,140	$580,924	$625,586	$-2,784
2019	$777,513	$713,889	$635,552	$63,624
2018	$691,561	$645,690	$570,915	$45,871

LASALLE YACHT CLUB INC