PATTEN POINT YACHT CLUB INC (EIN 221837285) - 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

1964

Legal Domicile

Principal Officer

ROBERTA PORTEGELLO

Phone

7322992882

Tax Period

2023-01-01 to 2023-12-31

PATTEN POINT YACHT CLUB INC, founded in 1964, is a small nonprofit that reported $427K in total revenue in fiscal year 2023. The organization ran a surplus of $65K, a strong 15% operating margin.

Mission

PROMOTE SAFE BOATING

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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 $408,753

Investment Income $12,728

Other Revenue $5,962

TOTAL REVENUE $427,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,032

Fundraising Expenses $0

Program Expenses $203,631

Other Expenses $356,164

TOTAL EXPENSES $362,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,443	$402,277	+0.1%
Expenses	$362,196	$343,845	+0.1%
Net Income	$65,247	$58,432	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PASERCHIA	PRESIDENT	0.00	Officer	$0	$0	$0
MICHAEL TREPICCHIO	VICE PRESIDENT	0.00	Officer	$0	$0	$0
STEPHEN MURPHY	VICE PRESIDENT	0.00	Officer	$0	$0	$0
JOSEPH D'AMICO	VICE PRESIDENT	0.00	Officer	$0	$0	$0
SUSAN EVANS	SECRETARY	0.00	Officer	$0	$0	$0
ROBERTA PORTEGELLO	TREASURER	10.00	Officer	$0	$0	$0
PAUL CASE	IMMEDIATE PAST PRESIDENT	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
2023	$427,443	$362,196	$374,079	$65,247
2022	$402,277	$343,845	$461,027	$58,432
2021	$358,741	$320,346	$492,676	$38,395
2020	$331,378	$273,219	$465,679	$58,159
2019	$339,946	$336,718	$409,333	$3,228
2018	$353,212	$334,941	$417,973	$18,271
2017	$325,949	$343,486	$394,005	$-17,537

PATTEN POINT YACHT CLUB INC