OCEAN CITY YACHT CLUB

EIN: 231424953

OCEAN CITY, NJ

Total Revenue
$734,301
Total Expenses
$741,361
Total Assets
$1,376,659
Net Assets
$1,375,748
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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
1901
Legal Domicile
NJ
Principal Officer
BRIAN HITCHINGS
Phone
6093996600
Tax Period
2024-01-01 to 2024-12-31

OCEAN CITY YACHT CLUB, founded in 1901, is a small nonprofit that reported $734K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

PRIVATE SOCIAL CLUB FOR BOATING.

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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 $1,371
Program Service Revenue $603,216
Investment Income $13,088
Other Revenue $116,626
TOTAL REVENUE $734,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,285
Fundraising Expenses $0
Other Expenses $550,076
TOTAL EXPENSES $741,361

Year-over-Year Comparison

2024 2023 Change
Revenue $734,301 $773,410 -0.1%
Expenses $741,361 $734,253 +0.0%
Net Income $-7,060 $39,157 -1.2%
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
40
Independent Members
40
Employees
13
Volunteers
40

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
7
$0
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ANG BOARD MEMBER 5.00
Director
$0 $0 $0
KATHY BASTIAN BOARD MEMBER 5.00
Director
$0 $0 $0
BILL BECKET BOARD MEMBER 5.00
Director
$0 $0 $0
KRISTEN BECKET BOARD MEMBER 5.00
Director
$0 $0 $0
JENNIFER RAY BECKMAN VICE COMMODO 5.00
Officer Director
$0 $0 $0
EMILY BETTERLY BOARD MEMBER 5.00
Director
$0 $0 $0
TIM BOYLE BOARD MEMBER 5.00
Director
$0 $0 $0
DAN DAGIT BOARD MEMBER 5.00
Director
$0 $0 $0
SUSAN DALEY RECORDING SE 5.00
Officer Director
$0 $0 $0
KATHY DIANA BOARD MEMBER 5.00
Director
$0 $0 $0
KATE DOMS BOARD MEMBER 5.00
Director
$0 $0 $0
CATHERIN FAULK BOARD MEMBER 5.00
Director
$0 $0 $0
GIDGE GLENN BOARD MEMBER 5.00
Director
$0 $0 $0
RUSSELL HANSCOM BOARD MEMBER 5.00
Director
$0 $0 $0
BRIAN HITCHINGS COMMODORE 5.00
Officer Director
$0 $0 $0
KEN HOOVER BOARD MEMBER 5.00
Director
$0 $0 $0
CHAPPY HOPKIN BOARD MEMBER 5.00
Director
$0 $0 $0
MARY ELLEN HOPKIN BOARD MEMBER 5.00
Director
$0 $0 $0
BRIAN HUNTSMAN BOARD MEMBER 5.00
Director
$0 $0 $0
MAX HURST BOARD MEMBER 5.00
Director
$0 $0 $0
BRAD JUNGELS BOARD MEMBER 5.00
Director
$0 $0 $0
JANE KERSHAW BOARD MEMBER 5.00
Director
$0 $0 $0
COLLEEN KISAKA BOARD MEMBER 5.00
Director
$0 $0 $0
LYNSAY LADANY BOARD MEMBER 5.00
Director
$0 $0 $0
MARY LAMSON BOARD MEMBER 5.00
Director
$0 $0 $0
DR JUDY LARKIN BOARD MEMBER 5.00
Director
$0 $0 $0
ROBERT WDOMS MD TREASURER 5.00
Officer Director
$0 $0 $0
MICHAEL MCGUCKIN BOARD MEMBER 5.00
Director
$0 $0 $0
DOUGH MROZ BOARD MEMBER 5.00
Officer Director
$0 $0 $0
ELEANOR PARKER FINANCIAL SE 5.00
Officer Director
$0 $0 $0
JOHN PARKER BOARD MEMBER 5.00
Director
$0 $0 $0
KRISTEN PROPP BOARD MEMBER 5.00
Director
$0 $0 $0
BARON SCHLACHTER BOARD MEMBER 5.00
Director
$0 $0 $0
MARIE SHAFRON BOARD MEMBER 5.00
Director
$0 $0 $0
ROB SHIELDS BOARD MEMBER 5.00
Director
$0 $0 $0
DEBORAH STEDMAN REAR COMMODO 5.00
Officer Director
$0 $0 $0
AVERY TEITLER BOARD MEMBER 5.00
Director
$0 $0 $0
TED VAUGHN BOARD MEMBER 5.00
Director
$0 $0 $0
MATT VOLLMER BOARD MEMBER 5.00
Director
$0 $0 $0
STAN WIRPSZA BOARD MEMBER 5.00
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
2024 $734,301 $741,361 $1,376,659 $-7,060
2023 $773,410 $734,253 $1,395,955 $39,157
2022 $820,804 $631,105 $1,439,728 $189,699
2021 $570,042 $571,491 $1,244,696 $-1,449
2020 $373,672 $475,309 $1,188,073 $-101,637
2019 $514,221 $617,936 $1,336,157 $-103,715
2018 $524,744 $544,812 $1,402,725 $-20,068
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