WAYZATA YACHT CLUB (EIN 237120748) - 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

1965

Legal Domicile

Principal Officer

CHAD OLNESS

Phone

6127013230

Tax Period

2025-01-01 to 2025-12-31

WAYZATA YACHT CLUB, founded in 1965, is a small nonprofit that reported $876K in total revenue in fiscal year 2025. Expenses of $795K left a modest 9% surplus.

Mission

THE PURPOSE OF WYC IS TO PROMOTE AND DEVELOP ACTIVE AND COMPETITIVE SAILBOAT RACING, THROUGH WHICH PROFICIENT SEAMANSHIP AND SPORTSMANSHIP ARE PRACTICED, PROMOTED AND ENCOURAGED. WYC ALSO SEEKS TO PROVIDE EDUCATIONAL SEMINARS AND PRACTICAL APPLICATION OF LEARNED SKILLS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $875,531

Investment Income $960

Other Revenue $0

TOTAL REVENUE $876,491

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $180,888

Fundraising Expenses $0

Other Expenses $612,420

TOTAL EXPENSES $794,808

Year-over-Year Comparison

	2025	2024	Change
Revenue	$876,491	$864,170	+0.0%
Expenses	$794,808	$841,540	-0.1%
Net Income	$81,683	$22,630	+2.6%

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

100

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
THORN TURNER	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
PAUL QUAST	COMMODORE	10.00	Officer Director	$0	$0	$0
RICH BAKER	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
BARBARA SPELTZ	DIRECTOR	5.00	Director	$0	$0	$0
TERRY FOSTER	DIRECTOR	5.00	Director	$0	$0	$0
MIKE SCHMID	DIRECTOR	5.00	Director	$0	$0	$0
DEREK SCHMIT	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN RAINALDI	DIRECTOR	5.00	Director	$0	$0	$0
CHAD OLNESS	TREASURER	5.00	Officer Director	$0	$0	$0
KURTIS WINTHEISER	DIRECTOR	5.00	Director	$0	$0	$0
ERIC LUNDEEN	DIRECTOR	5.00	Director	$0	$0	$0
ANDY SPENCE-PARSONS	DIRECTOR	5.00	Director	$0	$0	$0
MONICA MYERS	DIRECTOR	5.00	Director	$0	$0	$0
UTA MONCUR	DIRECTOR	5.00	Director	$0	$0	$0
ROSS LUKEN	DIRECTOR	5.00	Director	$0	$0	$0
JAMES TAYLOR	DIRECTOR	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
2025	$876,491	$794,808	$1,697,365	$81,683
2024	$864,170	$841,540	$1,611,661	$22,630
2023	$682,617	$708,701	$1,591,639	$-26,084
2022	$711,289	$648,723	$1,477,276	$62,566
2021	$600,847	$665,228	$1,495,728	$-64,381
2020	$548,717	$522,597	$1,579,609	$26,120
2019	$614,760	$581,031	$1,481,962	$33,729
2018	$607,338	$540,902	$1,444,050	$66,436

WAYZATA YACHT CLUB