GILFORD PARK YACHT CLUB (EIN 210732584) - 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

1933

Legal Domicile

Principal Officer

JOHN DELESANDRO

Phone

7329299838

Tax Period

2024-01-01 to 2024-12-31

GILFORD PARK YACHT CLUB, founded in 1933, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $90K, a strong 16% operating margin.

Mission

THE GILFORD PARK YACHT CLUB IS A SOCIAL CLUB WHICH PROVIDES BOAT SLIPS AND RAMPS AS WELL AS MEETING AND DINING FACILITIES FOR ITS MEMBERS IN THE GILFORD PARK AREA OF TOMS RIVER

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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 $2,671

Program Service Revenue $357,374

Investment Income $3

Other Revenue $202,806

TOTAL REVENUE $562,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,597

Fundraising Expenses $0

Other Expenses $291,277

TOTAL EXPENSES $472,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,854	$482,531	+0.2%
Expenses	$472,874	$519,978	-0.1%
Net Income	$89,980	$-37,447	-3.4%

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

$26,748

Total Directors

$7,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY CHENCHARIK	TREASURER	12.00	Officer	$21,527	$0	$21,527
LINDA CLARICI	Trustee	3.00	Director	$7,227	$0	$7,227
VANESSA HEINZMAN	COMMODORE	10.00	Officer	$5,221	$0	$5,221
STAN KAZIMA	Trustee	3.00	Director	$0	$0	$0
LISA DEPAOLO	Trustee	3.00	Director	$0	$0	$0
EWA SALERNO	Trustee	3.00	Director	$0	$0	$0
JOHN DELESANDRO	Trustee	3.00	Director	$0	$0	$0
RUSSELL CLINE	Trustee	3.00	Director	$0	$0	$0
DANIEL HERR	Trustee	3.00	Director	$0	$0	$0
MICHAEL CIPRIANO	Trustee	3.00	Director	$0	$0	$0
RAINER MOELLERING	VICE COMMODORE	10.00	Officer	$0	$0	$0
TOM SALERNO	FINANCIAL SEC	10.00	Officer	$0	$0	$0
JOHN DAVID FELTON	RECORDING SECRE	10.00	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	$562,854	$472,874	$1,492,413	$89,980
2023	$482,531	$519,978	$1,479,579	$-37,447
2022	$455,996	$526,198	$1,515,104	$-70,202
2021	$374,525	$352,273	$1,609,893	$22,252
2020	$262,421	$236,952	$1,633,410	$25,469
2019	$468,076	$443,632	$1,651,442	$24,444
2018	$385,316	$428,428	$1,705,397	$-43,112

GILFORD PARK YACHT CLUB