LAKE FOREST YACHT CLUB INC

EIN: 221978932

LAKE HOPATCONG, NJ

Total Revenue
$413,472
Total Expenses
$400,345
Total Assets
$598,088
Net Assets
$398,809
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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
1954
Legal Domicile
NJ
Principal Officer
Evan Kurzman
Phone
9736630158
Tax Period
2024-10-01 to 2025-09-30

LAKE FOREST YACHT CLUB INC, founded in 1954, is a small nonprofit that reported $413K in total revenue in fiscal year 2024. Expenses of $400K left a modest 3% surplus.

Mission

SOCIAL CLUB

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $407,884
Investment Income $5,588
Other Revenue $0
TOTAL REVENUE $413,472

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $96,949
Fundraising Expenses $0
Program Expenses $208,396
Other Expenses $300,396
TOTAL EXPENSES $400,345

Year-over-Year Comparison

2024 2023 Change
Revenue $413,472 $407,900 +0.0%
Expenses $400,345 $411,933 0.0%
Net Income $13,127 $-4,033 -4.3%
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

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Governance

Voting Members
4
Independent Members
4
Employees
26
Volunteers
56

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Evan Kurzman Treasurer 5.00
Officer
$0 $0 $0
Peter Moreland Commodore 3.00
Officer
$0 $0 $0
Joseph O'Donnell Secretary 3.00
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
2025 $413,472 $400,345 $598,088 $13,127
2024 $407,900 $411,933 $622,644 $-4,033
2023 $404,106 $388,426 $670,369 $15,680
2022 $374,811 $376,010 $701,217 $-1,199
2021 $327,821 $361,082 $699,630 $-33,261
2020 $331,972 $373,379 $794,021 $-41,407
2019 $330,643 $318,038 $829,342 $12,605
2018 $317,856 $307,643 $518,483 $10,213
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