CORNWALL YACHT CLUB INC (EIN 237371301) - 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

2001

Legal Domicile

Principal Officer

IAN HANSEN

Phone

8454977742

Tax Period

2024-11-01 to 2025-10-31

CORNWALL YACHT CLUB INC, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $256K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $87K, a strong 34% operating margin.

Mission

PROVIDE A PLACE FOR BOATING ENTHUSIASTS TO MAINTAIN THEIR BOATS AND SHARE THEIR PLEASURE OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $161,490

Investment Income $6,697

Other Revenue $87,558

TOTAL REVENUE $255,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,319

Other Expenses $168,319

TOTAL EXPENSES $168,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,745	$217,968	+0.2%
Expenses	$168,319	$205,826	-0.2%
Net Income	$87,426	$12,142	+6.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GLEESON	COMMODORE	N/A	Officer Director	$0	$0	$0
FRED SCHNEIDER	VICE COMMODO	N/A	Officer	$0	$0	$0
STEVE LONGINOTT	FLEET CAPTAI	N/A	Officer	$0	$0	$0
IAN HANSEN	SECRETARY	N/A	Officer Director	$0	$0	$0
DAVID REISS	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID TERWILLIGER	PURSER	N/A	Officer Director	$0	$0	$0
MIKE BUSHEY	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES STORER	DIRECTOR	N/A	Director	$0	$0	$0
SEAN BUCKLEY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DAVIES	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MELE	DIRECTOR	N/A	Director	$0	$0	$0
CHET GARDNER	DIRECTOR	N/A	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	$255,745	$168,319	$1,168,377	$87,426
2024	$217,968	$205,826	$1,098,356	$12,142
2023	$153,709	$197,122	$1,085,922	$-43,413
2022	$163,762	$198,976	$1,132,023	$-35,214
2021	$152,232	$146,346	$1,165,125	$5,886
2020	$141,896	$140,116	$1,159,411	$1,780
2019	$121,835	$119,123	$1,157,679	$2,712
2018	$141,872	$111,421	$1,155,147	$30,451

CORNWALL YACHT CLUB INC