Morehead City Yacht Basin Association (EIN 201335937) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Thomas E Matthews Jr

Phone

2527266862

Tax Period

2023-07-01 to 2024-06-30

Morehead City Yacht Basin Association, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $242K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $217K left a modest 10% surplus.

Mission

To provide its members with boat storage, club house facilities, recreation activities and assisting them with embarking and disembarking their boats to and from the water.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $233,949

Investment Income $7,591

Other Revenue $382

TOTAL REVENUE $241,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $217,317

TOTAL EXPENSES $217,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,922	$217,983	+0.1%
Expenses	$217,317	$212,911	+0.0%
Net Income	$24,605	$5,072	+3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Thomas E Matthews Jr	Director	1.00	Director	$0	$0	$0
Cheryl Sherwood	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Ken Snow	Director	1.00	Director	$0	$0	$0
Joe Smith	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
2025	No data	No data	No data	No data
2024	$241,922	$217,317	$508,273	$24,605
2023	$217,983	$212,911	$483,886	$5,072
2022	$217,111	$199,219	$461,266	$17,892
2021	$217,878	$200,474	$443,374	$17,404
2020	$220,226	$204,746	$425,970	$15,480

Morehead City Yacht Basin Association