BARNEGAT LIGHT YACHT CLUB (EIN 222291172) - 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

1928

Legal Domicile

Principal Officer

JOHN CUNNINGHAM

Phone

6094949686

Tax Period

2024-12-01 to 2025-11-30

BARNEGAT LIGHT YACHT CLUB, founded in 1928, is a small nonprofit in the Recreation & Sports sector that reported $297K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $255K left a modest 14% surplus.

Mission

TO ENCOURAGE AND EDUCATE PERSONS IN YACHTING AND BOATING OF ALL KINDS AND ANY RECREATIONAL OR SOCIAL ACTIVITIES INCIDENTAL THERETO.

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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 $140,810

Program Service Revenue $151,355

Investment Income $3,865

Other Revenue $850

TOTAL REVENUE $296,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,912

Fundraising Expenses $0

Program Expenses $207,086

Other Expenses $210,085

TOTAL EXPENSES $254,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,880	$253,867	+0.2%
Expenses	$254,997	$225,169	+0.1%
Net Income	$41,883	$28,698	+0.5%

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
JOHN CUNNINGHAM	COMMODORE	2.00	Officer Director	$0	$0	$0
STEVE KUNZ	VICE COMMODORE	2.00	Officer Director	$0	$0	$0
MICHAEL SONGER	2ND VICE COMM.	2.00	Officer Director	$0	$0	$0
DONALD YOUNKIN	Treasurer	2.00	Officer Director	$0	$0	$0
JAMES FITZSIMMONS	Secretary	2.00	Officer Director	$0	$0	$0
DAVID FAUS	Trustee	1.00	Director	$0	$0	$0
DORY GASOREK	Trustee	1.00	Director	$0	$0	$0
PHILLIP KUNZ	Trustee	1.00	Director	$0	$0	$0
JOSEPH MCGINNIS	Trustee	1.00	Director	$0	$0	$0
PETER MENNINGER	Trustee	1.00	Director	$0	$0	$0
AILEEN O'DRISCOLL	Trustee	1.00	Director	$0	$0	$0
MICHAEL SADOWSKI	Trustee	1.00	Director	$0	$0	$0
JOHN SCHAEFFER	Trustee	1.00	Director	$0	$0	$0
STEPHEN WRIGHT	Trustee	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
2025	$296,880	$254,997	$384,325	$41,883
2024	$253,867	$225,169	$342,442	$28,698
2023	$249,188	$220,405	$313,744	$28,783
2022	$222,235	$265,037	$284,961	$-42,802
2021	$241,714	$204,978	$327,763	$36,736
2020	$107,349	$96,605	$291,028	$10,744
2019	$217,106	$197,545	$280,019	$19,561
2018	$209,208	$220,846	$260,458	$-11,638

BARNEGAT LIGHT YACHT CLUB