RIVIERA BEACH BOAT CLUB INC (EIN 226064492) - 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

1960

Legal Domicile

Phone

7328401999

Tax Period

2024-01-01 to 2024-12-31

RIVIERA BEACH BOAT CLUB INC, founded in 1960, is a small nonprofit that reported $172K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 15% operating margin.

Mission

The clubs mission is to provide a social club setting for members interested in boating and fishing

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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 $0

Program Service Revenue $98,498

Investment Income $5,851

Other Revenue $68,031

TOTAL REVENUE $172,380

Expense Breakdown

Grants Paid $12,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,338

Other Expenses $133,379

TOTAL EXPENSES $146,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,380	$219,049	-0.2%
Expenses	$146,129	$173,621	-0.2%
Net Income	$26,251	$45,428	-0.4%

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
WILLIAM DAVIS	PRESIDENT	10.00	Director	$0	$0	$0
STEPHEN FLAHERTY	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN THOMPSON	VICE PRESIDENT	10.00	Director	$0	$0	$0
MARY MCELROY	RECORDING SECRETARY	10.00	Director	$0	$0	$0
RICK CARROLL	TOURNAMENT CHAIRMAN	10.00	Director	$0	$0	$0
THOMAS CUNNINGHAM	MEMBERSHIP CHAIRMAN	10.00	Director	$0	$0	$0
KAREN MCCARTHY	E BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
KEITH KUREK	E BOARD	10.00	Director	$0	$0	$0
SEAN GIBSON	E BOARD	10.00	Director	$0	$0	$0
MIKE HUDAK	E BOARD	1.00	Director	$0	$0	$0
JAMES HAVANKI	FLEET DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH KAYHART	CORRESPONDING SECRETARY	1.00	Director	$0	$0	$0
JOYCE ADAMS	BAR TREASURER	10.00	Officer	$0	$0	$0
CARA LEACH	BAR CHAIRMAN	1.00	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	$172,380	$146,129	$511,212	$26,251
2023	$219,049	$173,621	$484,919	$45,428
2022	$187,806	$174,396	$439,313	$13,410
2022	$187,985	$174,396	$439,492	$13,589
2021	$158,379	$151,730	$425,072	$6,649
2020	$81,612	$92,695	$418,503	$-11,083
2019	$157,617	$140,877	$430,241	$16,740
2018	$277,161	$265,675	$413,498	$11,486

RIVIERA BEACH BOAT CLUB INC