Corinthian Yacht Club of Cape May Inc (EIN 216007748) - 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

1948

Legal Domicile

Principal Officer

CAROL YORK

Phone

6098848000

Tax Period

2023-01-01 to 2023-12-31

Corinthian Yacht Club of Cape May Inc, founded in 1948, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 26% operating margin.

Mission

The purpose of the Club is to encourage the sport and art of sailing and racing for all ages and to provide facilities for social events

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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 $1,014,179

Investment Income $3,472

Other Revenue $223,679

TOTAL REVENUE $1,241,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,841

Fundraising Expenses $0

Other Expenses $622,890

TOTAL EXPENSES $913,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,241,330	$876,308	+0.4%
Expenses	$913,731	$837,369	+0.1%
Net Income	$327,599	$38,939	+7.4%

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
LEWIS PRICE	Commodore thru 83123	15.00	Officer Director	$0	$0	$0
GEOFFREY KING	Commodore	15.00	Officer Director	$0	$0	$0
WILLIAM BRADY	Vice Commodore	10.00	Officer Director	$0	$0	$0
ROBERT WILSON	Director thru 823	2.000	Director	$0	$0	$0
RUSSELL DICKHART	Director	5.000	Director	$0	$0	$0
ROBERTA NUSS	Rear Commodore 923	10.00	Officer Director	$0	$0	$0
MICHAEL YEAGER	DirectorFinance	5.000	Officer Director	$0	$0	$0
MICHELLE O'DONNELL	Director	2.000	Director	$0	$0	$0
ROLAND BULLARD	Director thru 823	2.000	Director	$0	$0	$0
WILLIAM KURTZ	Director thru 823	2.000	Director	$0	$0	$0
CAROL YORK	Treasurer	20.00	Officer	$0	$0	$0
SUSAN REILLY	Secretary	5.000	Officer	$0	$0	$0
CHARLES WAHL	Director	2.000	Director	$0	$0	$0
GEORGE CHMIEL	Directorresigned 823	15.00	Director	$0	$0	$0
MARTYN GREENACRE	Director as of 923	10.00	Director	$0	$0	$0
CHARLOTTE LIST	Director as of 923	2.000	Director	$0	$0	$0
LESLIE FOG	Director	2.000	Director	$0	$0	$0
STEPHEN WARD	Director	5.000	Director	$0	$0	$0
CAROL LIST	Director	7.000	Director	$0	$0	$0
ALYSSA GAINES	Club Manager	40.00	Highest	$100,916	$0	$100,916

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
2023	$1,241,330	$913,731	$1,886,009	$327,599
2022	$876,308	$837,369	$1,594,413	$38,939
2021	$807,663	$697,848	$1,495,452	$109,815
2020	$607,340	$638,058	$1,423,863	$-30,718

Corinthian Yacht Club of Cape May Inc