LAVALLETTE YACHT CLUB

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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

1904

Legal Domicile

Principal Officer

MICHELLE J REEDY

Phone

7327938747

Tax Period

2023-01-01 to 2023-12-31

LAVALLETTE YACHT CLUB, founded in 1904, is a small nonprofit in the Recreation & Sports sector that reported $897K in total revenue in fiscal year 2023. Revenue surged 8968270% from the prior year, signaling strong growth momentum. Expenses of $781K left a modest 13% surplus.

Mission

TO PROMOTE SAILING, BOATING AND SOCIAL INTERACTION

Program Service Accomplishments

Program 1

Expenses: $73,515 Revenue: $141,132

SEASONAL BOAT STORAGE FOR MEMBERS AND COSTS OF MAINTENANCE ON EQUIPMENT AND BOATS

Program 2

Expenses: $64,179 Revenue: $19,782

OTHER CLUB ACTIVITIES

Program 3

Expenses: $83,728 Revenue: $158,743

FOOD SERVICE ACTIVITIES FOR ITS MEMBERS. EXPENSES REPRESENT THE COST OF FOOD & REFRESHMENTS AND DOES NOT INCLUDE THE COST OF SALARIES FOR KITCHEN AND SERVICE STAFF.

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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 $430,727

Program Service Revenue $435,033

Investment Income $28,203

Other Revenue $2,874

TOTAL REVENUE $896,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,307

Fundraising Expenses $0

Program Expenses $398,034

Other Expenses $607,746

TOTAL EXPENSES $781,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$896,837	$10	+89682.7%
Expenses	$781,053	$37,289	+19.9%
Net Income	$115,784	$-37,279	-4.1%

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	Role	Reportable Comp	Other Comp	Total
MICHELE REEDY	TREASURER	Officer	$0	$0	$0
PAMELA PHILLIPS-MCMANUS	SECRETARY	Officer	$0	$0	$0
MANNY REY	TRUSTEE	Director	$0	$0	$0
LAURA ZYLINSKI	TRUSTEE	Director	$0	$0	$0
BOB BRANDES	TRUSTEE	Director	$0	$0	$0
PAUL MAGNO	TRUSTEE	Director	$0	$0	$0
DAVE FINTER	TRUSTEE	Director	$0	$0	$0
LISA GARDNER	TRUSTEE	Director	$0	$0	$0
SCOTT GLOSENENGER	TRUSTEE	Director	$0	$0	$0
FRANK RODINO	COMMODORE	Officer	$0	$0	$0
JIM WALSH	VICE COMMODORE	Officer	$0	$0	$0
BILL BURNS	REAR COMMODORE	Officer	$0	$0	$0
CARRIE SLAVINSKI	FLEET CAPTAIN	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	$896,837	$781,053	$1,642,150	$115,784
2022	$887,565	$736,950	$1,540,597	$150,615
2022	$10	$37,289	$1,472,840	$-37,279
2021	$821,197	$690,015	$1,573,511	$131,182
2020	$707,153	$518,280	$1,500,075	$188,873
2019	$801,451	$669,399	$1,245,618	$132,052
2018	$738,023	$629,548	$1,115,558	$108,475