ISLAND HEIGHTS YACHT CLUB

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $298,391

THE ORGANIZATIONS PURPOSE IS TO PROMOTE SAILING IN THE TOWN OF ISLAND HEIGHTS, NEW JERSEY, ON THE TOMS RIVER. IN ADDITION TO SAILING AND ROWING, PROPER BOAT HANDLING, MARINE SAFETY AND SPORTSMANSHIP...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ERIC BORNEBUSCH	REAR COMMODRE	Officer	$0	$0	$0
JEANETTE BRICK	COMMODORE	Officer	$0	$0	$0
CARRIE WIGHTMAN	SECRETARY	Officer	$0	$0	$0
RICK TORPEY	TREASURER	Officer	$0	$0	$0
JEFFREY BOGART	VICE COMMODORE	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