YACHT CLUB OF STONE HARBOR (EIN 210598535) - 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

1929

Legal Domicile

Principal Officer

DOUG BASILE

Phone

6093681201

Tax Period

2023-11-01 to 2024-10-31

YACHT CLUB OF STONE HARBOR, founded in 1929, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $420K, a strong 16% operating margin.

Mission

TO PROVIDE AN ATTRACTIVE, COMFORTABLE, AND SAFE FACILITY WHERE IT'S MEMBERS, GUESTS AND CHILDREN CAN MEET TO SOCIALIZE, DINE AND TAKE PART IN ACTIVITIES INTENDED TO PROMOTE FELLOWSHIP, RECREATION, CIVIC MINDEDNESS AND THE ENJOYMENT OF WATERBORNE SPORTS SUCH AS SAILING, MOTOR BOATING, FISHING AND SWIMMING.

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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 $0

Program Service Revenue $2,647,932

Investment Income $79,200

Other Revenue $-180,523

TOTAL REVENUE $2,546,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $785,125

Fundraising Expenses $0

Other Expenses $1,341,969

TOTAL EXPENSES $2,127,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,546,609	$2,301,022	+0.1%
Expenses	$2,127,094	$2,121,144	+0.0%
Net Income	$419,515	$179,878	+1.3%

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

206

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
DWIGHT JENSON	GENERAL MANA	40.00		$155,567	$19,500	$175,067
DOUG BASILE	REAR COMMODO	1.00	Officer Director	$0	$0	$0
ROBB BOLAND	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE D'ALESANDRO	TRUSTEE	1.00	Director	$0	$0	$0
MAGGIE DAY	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES EHLERS	TRUSTEE	1.00	Director	$0	$0	$0
JANE GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
JOE GRESSER	COMMODORE	1.00	Officer Director	$0	$0	$0
RICK GRIMALDI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG HUFNER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM P LARKIN JR	TREASURER	1.00	Officer Director	$0	$0	$0
LORI KNICKERBOCKER	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN MCGINNIS	SECRETARY	1.00	Director	$0	$0	$0
WENDY POWERS	VICE COMMODO	1.00	Officer Director	$0	$0	$0
PAT STUMP	SECRETARY	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	$2,546,609	$2,127,094	$6,782,415	$419,515
2023	$2,301,022	$2,121,144	$6,276,714	$179,878
2022	$2,134,047	$1,885,406	$6,018,899	$248,641
2021	$2,666,859	$1,662,338	$6,037,979	$1,004,521
2020	$1,462,021	$1,365,244	$5,439,224	$96,777
2019	$1,568,295	$1,443,988	$5,768,998	$124,307

YACHT CLUB OF STONE HARBOR