BRIGANTINE YACHT CLUB

EIN: 210724345

MALVERN, PA

Total Revenue
$191,461
Total Expenses
$152,817
Total Assets
$736,960
Net Assets
$695,410
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NJ
Principal Officer
MICHELLE VERCELES
Phone
6107611542
Tax Period
2022-01-01 to 2022-12-31

BRIGANTINE YACHT CLUB, founded in 1945, is a small nonprofit that reported $191K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 20% operating margin.

Mission

THE PURPOSES OF THE CORPORATION ARE TO UNITE IN AN ORGANIZATION THOSEPERSONS RESIDING IN BRIGANTINE, NEW JERSY AND ITS VICINITY WHO AREINTERESTED IN SAILING, BOATING, GOOD SPORTSMANSHIP, AND GOOD FELLOWSHIP;TO PURSUE THESE PURPOSES BY EDUCATING CHILDREN AND ADULTS IN THE ART ANDSCIENCE OF SAILING AND THE SPORT OF RACING SAILBOATS; TO PROVIDE ACTIVEJUNIOR AND ADULT SOCIAL PROGRAMS IN A CONTEXT OF NAUTICAL SPORTS; AND TOBE A GOOD CITIZEN OF OUR COMMUNITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $137,624
Program Service Revenue $35,046
Investment Income $0
Other Revenue $18,791
TOTAL REVENUE $191,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,198
Fundraising Expenses $0
Other Expenses $110,619
TOTAL EXPENSES $152,817

Year-over-Year Comparison

2022 2021 Change
Revenue $191,461 $162,919 +0.2%
Expenses $152,817 $151,458 +0.0%
Net Income $38,644 $11,461 +2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
7
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
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY FAUNCE Trustee 0.00
Director
$0 $0 $0
JOHN DOHERTY Trustee 0.00
Director
$0 $0 $0
ED O'CONNOR Trustee 0.00
Director
$0 $0 $0
MELISSA ACTION COO 0.00
Director
$0 $0 $0
HEATHER KELLY Trustee 0.00
Director
$0 $0 $0
NANCY COLLIER Trustee 0.00
Director
$0 $0 $0
STEVE DONOHUE Trustee 0.00
Director
$0 $0 $0
ERIC TUCKER Trustee 0.00
Director
$0 $0 $0
JOE SHEEHAN Trustee 0.00
Director
$0 $0 $0
AVELINO VERCELES Trustee 0.00
Director
$0 $0 $0
MIKE SIMPSON Trustee 0.00
Director
$0 $0 $0
SCOTT OLIVERI VICE COMMODORE 0.00
Officer
$0 $0 $0
MICHELLE VERCELES COMMODORE 0.00
Officer
$0 $0 $0
TOM PARVESSE TREASURER 0.00
Officer
$0 $0 $0
JEAN MUNOZ AUX PRESIDENT 0.00
Officer
$0 $0 $0
GALE DONOHUE COORESP SECRETA 0.00
Officer
$0 $0 $0
DEB SCHLESINGER RECORDING SECRE 0.00
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
2024 No data No data No data No data
2022 $191,461 $152,817 $736,960 $38,644
2021 $162,919 $151,458 $723,866 $11,461
2020 $135,279 $105,057 $739,355 $30,222
2019 $133,141 $117,636 $732,983 $15,505
2018 $146,818 $109,756 $741,328 $37,062
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