YACHT CLUB OF SEA ISLE CITY

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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

1939

Legal Domicile

Principal Officer

BILL MURPHY

Phone

6092637282

Tax Period

2024-01-01 to 2024-12-31

YACHT CLUB OF SEA ISLE CITY, founded in 1939, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 6% surplus.

Mission

COMMUNITY PROGRAMS TO SUPPORT SEA ISLE CITY, NJ, SUCH AS, JULY 4TH JUNIOR OLYMPICS, EDUCATIONAL SAILING PROGRAMS, SAFE BOATING COURSES AND TRAINING, ETC.

Program Service Accomplishments

Program 1

YACHT CLUB - SERVICES ARE PROVIDED TO MEMBERS FROM MID-JANUARY THROUGH DECEMBER. SOCIAL ACTIVITIES FOR ITS MEMBERS INCLUDE DINNER, ENTERTAINMENT, AND BAR ACTIVITIES. DOCKS ARE AVAILABLE FOR RENTAL BY MEMBERS. APPROXIMATELY 650 FAMILIES ARE MEMBERS. YOUTH ACTIVITIES INCLUDE RECREATIONAL AND INSTRUCTIONAL SAILING AND KAYAKING. APPROXIMATELY 100 PEOPLE PARTICIPATED IN THIS ACTIVITY. SERVICE IS PROVIDED WEEKLY DURING THE SUMMER.

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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 $0

Program Service Revenue $1,424,224

Investment Income $8,228

Other Revenue $488,403

TOTAL REVENUE $1,920,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $709,261

Fundraising Expenses $0

Other Expenses $1,097,873

TOTAL EXPENSES $1,807,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,920,855	$1,891,040	+0.0%
Expenses	$1,807,134	$1,699,385	+0.1%
Net Income	$113,721	$191,655	-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

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
DAWN ANDERSON	BOARD MEMBER	5.00	Director	$0	$0	$0
RICHARD FARINA	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
RICHARD FAZIO	REAR COMMODO	5.00	Officer Director	$0	$0	$0
PAULETTE GABRIEL	BOARD MEMBER	5.00	Director	$0	$0	$0
KATHY GANSTER	SECRETARY	5.00	Officer Director	$0	$0	$0
PATRICIA GAULL	VICE COMMODO	5.00	Officer Director	$0	$0	$0
MICHAEL KERNICKY	BOARD MEMBER	5.00	Director	$0	$0	$0
KATHY MAGUIRE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ED MARTINI	BOARD MEMBER	5.00	Director	$0	$0	$0
RUSS MCCONNELL	PAST COMMODO	5.00	Officer Director	$0	$0	$0
BILL MURPHY	COMMODORE	5.00	Officer Director	$0	$0	$0
REED O'BRIEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM PHELAN	BOARD MEMBER	5.00	Director	$0	$0	$0
FRANK URSO	BOARD CHAIRM	5.00	Officer Director	$0	$0	$0
CHUCK WHINNEY	TREASURER	5.00	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	$1,920,855	$1,807,134	$4,958,653	$113,721
2023	$1,891,040	$1,699,385	$4,839,127	$191,655
2022	$1,449,941	$1,768,349	$4,612,731	$-318,408
2021	$1,520,135	$1,385,653	$4,038,184	$134,482
2020	$948,181	$1,065,506	$4,141,220	$-117,325
2019	$1,485,924	$1,317,710	$4,332,611	$168,214
2018	$1,481,532	$1,432,027	$4,279,949	$49,505