LAKE HOPATCONG YACHT CLUB (EIN 221637845) - 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

1907

Legal Domicile

Phone

2014001679

Tax Period

2024-01-01 to 2024-12-31

LAKE HOPATCONG YACHT CLUB, founded in 1907, is a small nonprofit that reported $943K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $881K left a modest 7% surplus.

Mission

TO PROVIDE AN OUTLET FOR SAILING AND OTHER RECREATIONAL ACTIVITIES FOR ITS MEMBERS IN A CONGENIAL ATMOSPHERE UNDER THE TRADITION OF LONG FRIENDLY ASSOCIATIONS.

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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 $636,075

Program Service Revenue $84,691

Investment Income $0

Other Revenue $222,391

TOTAL REVENUE $943,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,874

Fundraising Expenses $0

Other Expenses $427,339

TOTAL EXPENSES $881,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$943,157	$857,019	+0.1%
Expenses	$881,213	$908,084	0.0%
Net Income	$61,944	$-51,065	-2.2%

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

100

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
BRETT WISS DOUGLAS	COMMODORE	15.00	Officer Director	$0	$0	$0
THOMAS LENTINE	VICE COMMODORE	15.00	Officer Director	$0	$0	$0
JEFFREY ALLEN	REAR COMMODORE	15.00	Officer Director	$0	$0	$0
CHRISTOPHER E MURPHY	Treasurer	15.00	Officer Director	$0	$0	$0
RICHARD BURGESS	FLEET CAPTAIN	5.00	Officer Director	$0	$0	$0
DR DOUGLAS KITCHIN	FLEET SURGEON	5.00	Officer Director	$0	$0	$0
NATASHIA KADIMIK	Secretary	5.00	Officer Director	$0	$0	$0
CHRIS CHUCK	ASST. TREASURER	1.00	Director	$0	$0	$0
LIZ HORTSMAN	ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ADEY	Trustee	1.00	Director	$0	$0	$0
ROBERTC RESTRICK IV	Trustee	1.00	Director	$0	$0	$0
JENNIFER KNIZESKI	Trustee	1.00	Director	$0	$0	$0
MATT ESPOSITO	Trustee	1.00	Director	$0	$0	$0
TERRI ROMEO	Trustee	1.00	Director	$0	$0	$0
DANIEL GORITSKY	Trustee	1.00	Director	$0	$0	$0
FREDERICK S EAGLES	HONOR COMMODORE	1.00	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	$943,157	$881,213	$2,174,982	$61,944
2023	$857,019	$908,084	$2,163,163	$-51,065
2022	$819,146	$789,408	$2,229,480	$29,738
2021	$723,033	$670,423	$2,208,009	$52,610
2020	$909,580	$514,228	$2,156,970	$395,352

LAKE HOPATCONG YACHT CLUB