ISLAND HEIGHTS YACHT CLUB

EIN: 231598245

ISLAND HEIGHTS, NJ

Total Revenue
$261,224
Total Expenses
$322,532
Total Assets
$439,143
Net Assets
$404,973
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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
1900
Legal Domicile
NJ
Principal Officer
RICK TORPEY
Tax Period
2023-01-01 to 2023-12-31

ISLAND HEIGHTS YACHT CLUB, founded in 1900, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Expenses of $323K exceeded revenue, resulting in a 23% operating deficit.

Mission

YACHT CLUB

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,711
Program Service Revenue $148,993
Investment Income $249
Other Revenue $96,271
TOTAL REVENUE $261,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,720
Fundraising Expenses $0
Program Expenses $298,391
Other Expenses $216,812
TOTAL EXPENSES $322,532

Year-over-Year Comparison

2023 2022 Change
Revenue $261,224 $259,457 +0.0%
Expenses $322,532 $291,929 +0.1%
Net Income $-61,308 $-32,472 +0.9%
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
5
Independent Members
5
Employees
19
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC BORNEBUSCH REAR COMMODRE 0.00
Officer
$0 $0 $0
JEANETTE BRICK COMMODORE 0.00
Officer
$0 $0 $0
CARRIE WIGHTMAN SECRETARY 0.00
Officer
$0 $0 $0
RICK TORPEY TREASURER 0.00
Officer
$0 $0 $0
JEFFREY BOGART VICE COMMODORE 0.00
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 No data No data No data No data
2023 $261,224 $322,532 $439,143 $-61,308
2022 $259,457 $291,929 $477,243 $-32,472
2021 $290,066 $264,524 $509,625 $25,542
2020 $214,930 $243,829 $546,021 $-28,899
2019 $270,149 $288,224 $600,626 $-18,075
2018 $271,675 $232,977 $581,127 $38,698
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