SPRAY BEACH YACHT CLUB INC

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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

1905

Legal Domicile

Principal Officer

Michael Kayes

Phone

6094926845

Tax Period

2024-11-01 to 2025-10-31

SPRAY BEACH YACHT CLUB INC, founded in 1905, is a small nonprofit that reported $910K in total revenue in fiscal year 2024. Expenses of $786K left a modest 14% surplus.

Mission

Community Social and Sailing Club

Program Service Accomplishments

Program 1

Sailing program, weekly races, regattas, junior sailing classes, fishing and boating events are many of the sports programs which are sponsored at the Spray Beach Yacht Club

Program 2

The Spray Beach Yacht Club is a yacht club which has social functions, dances, shows and outings. These are programs which contribute to its program of service.

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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 (2024)

Revenue Breakdown

Contributions & Grants $704,350

Program Service Revenue $110,089

Investment Income $8,981

Other Revenue $86,634

TOTAL REVENUE $910,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,555

Fundraising Expenses $0

Other Expenses $635,318

TOTAL EXPENSES $785,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$910,054	$904,610	+0.0%
Expenses	$785,873	$783,048	+0.0%
Net Income	$124,181	$121,562	+0.0%

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

132

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
Michael Kayes	Commodore	5.00	Officer	$0	$0	$0
David Williams	Vice Commodore	5.00	Officer	$0	$0	$0
Thomas Caro	Rear Commodore	5.00	Officer	$0	$0	$0
Jeffrey Wald	Treasurer	10.00	Officer	$0	$0	$0
Kathleen Birch	Secretary	5.00	Officer	$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	$910,054	$785,873	$4,866,747	$124,181
2024	$904,610	$783,048	$4,802,878	$121,562
2023	$760,989	$850,477	$4,661,683	$-89,488
2022	$888,567	$832,805	$4,797,769	$55,762
2021	$696,762	$520,793	$4,788,226	$175,969
2020	$595,880	$380,625	$3,967,585	$215,255
2019	$643,343	$669,413	$3,787,935	$-26,070