BARNEGAT BAY YACHT RACING ASSOCIATION (EIN 226049570) - 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

1990

Legal Domicile

Principal Officer

ROBERT VOGEL

Tax Period

2023-10-01 to 2024-09-30

BARNEGAT BAY YACHT RACING ASSOCIATION, founded in 1990, is a small nonprofit that reported $181K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 19% operating margin.

Mission

TO DEVELOP AMATEUR ATHLETES ON A NATIONAL AND INTERNATIONAL LEVELS FOR THE SPORT OF SAILBOAT RACING. IT SERVCES 14 MEMBER YACHT CLUBS ON BARNEGAT BAY NJ AND ASSISTS LOCAL YACHT CLUBS

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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 $124,165

Program Service Revenue $51,956

Investment Income $4,115

Other Revenue $556

TOTAL REVENUE $180,792

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,332

Other Expenses $140,313

TOTAL EXPENSES $146,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,792	$162,178	+0.1%
Expenses	$146,813	$146,088	+0.0%
Net Income	$33,979	$16,090	+1.1%

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

N/A

Volunteers

150

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
HUGH HURLEY	TRUSTEE	0.5	Director	$0	$0	$0
WILL WIENCKE	TRUSTEE	0.5	Director	$0	$0	$0
JEFF BOGART	TRUSTEE	0.5	Director	$0	$0	$0
KEVIN CARTON	TRUSTEE	0.0	Director	$0	$0	$0
FRANK RODINO	TRUSTEE	0.5	Director	$0	$0	$0
STEVE BLISNICK	TRUSTEE	0.5	Director	$0	$0	$0
DAVE DANIELS	TRUSTEE	0.5	Director	$0	$0	$0
MARK CONNELL	TRUSTEE	0.5	Director	$0	$0	$0
SUSAN PROKO	TRUSTEE	0.5	Director	$0	$0	$0
KIM CUNEO	TRUSTEE	0.5	Director	$0	$0	$0
HEATHER ANDOLSEN	TRUSTEE	0.0	Director	$0	$0	$0
PETE LUIZZI	TRUSTEE	0.5	Director	$0	$0	$0
JOHN WURCH	TRUSTEE	0.5	Director	$0	$0	$0
ROBERT BAXTER	TRUSTEE	0.5	Director	$0	$0	$0
BUZZ REYNOLDS	REAR COMMODORE	5.0	Officer	$0	$0	$0
DAVE MAGNO	MEASURER	5.0	Officer	$0	$0	$0
ROBERT VOGEL	TREASURER	5.0	Officer	$0	$0	$0
TRICIA SURDOVEL	SECRETARY	5.0	Officer	$0	$0	$0
CHRISTINA CONNELL	VICE COMMODORE	5.0	Officer	$0	$0	$0
JEAN BARCLAY	FLEET CAPTAIN	5.0	Officer	$0	$0	$0
NED THOMSON	COMMODORE	10.0	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	$180,792	$146,813	$464,781	$33,979
2023	$162,178	$146,088	$410,499	$16,090
2022	$151,885	$132,108	$386,579	$19,777
2021	$176,822	$133,027	$373,887	$43,795
2020	$79,002	$116,456	$330,092	$-37,454
2019	$410,446	$251,778	$367,546	$158,668
2018	$128,455	$152,254	$208,878	$-23,799

BARNEGAT BAY YACHT RACING ASSOCIATION