Apostle Islands Yacht Club Inc (EIN 237222426) - 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

1963

Legal Domicile

Principal Officer

Mike Hepp

Phone

6512534851

Tax Period

2023-10-01 to 2024-09-30

Apostle Islands Yacht Club Inc, founded in 1963, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 39% operating margin.

Mission

501c-7 Member driven organization dedicated to promoting sailing and racing on Lake Superior.

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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 $7,500

Program Service Revenue $81,828

Investment Income $3,767

Other Revenue $0

TOTAL REVENUE $93,095

Expense Breakdown

Grants Paid $1,863

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,292

Other Expenses $55,293

TOTAL EXPENSES $57,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,095	$49,128	+0.9%
Expenses	$57,156	$62,754	-0.1%
Net Income	$35,939	$-13,626	-3.6%

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

N/A

Volunteers

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
Jill Carey	Past Commadore	6.00	Officer	$0	$0	$0
Leann Taylor	Commadore	8.00	Officer	$0	$0	$0
Amy Fredrick	Social	8.00	Officer	$0	$0	$0
Mike Hepp	Treasurer	8.00	Officer	$0	$0	$0
Andy Larsen	Harbormaster	8.00	Officer	$0	$0	$0
Jeri Goodspeed Gross	Secretary	8.00	Officer	$0	$0	$0
Chuck Finn	Facilities	8.00	Officer	$0	$0	$0
Peter Anderson	Vice Commadore	8.00	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
2025	No data	No data	No data	No data
2024	$93,095	$57,156	$588,360	$35,939
2023	$49,128	$62,754	$552,307	$-13,626
2022	$112,699	$43,476	$567,530	$69,223

Apostle Islands Yacht Club Inc