Erie Yacht Club Foundation Inc (EIN 264788788) - 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

2009

Legal Domicile

Principal Officer

Doug Loesel

Tax Period

2023-11-01 to 2024-10-31

Erie Yacht Club Foundation Inc, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $151K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 46% operating margin.

Mission

The Foundations mission is to advance maritime education promote youth and intercollegiate sailing and expand opportunities in 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 (2023)

Revenue Breakdown

Contributions & Grants $166,169

Program Service Revenue $0

Investment Income $14,094

Other Revenue $-28,848

TOTAL REVENUE $151,415

Expense Breakdown

Grants Paid $37,922

Salaries & Benefits $0

Fundraising Expenses $6,256

Program Expenses $28,143

Other Expenses $44,217

TOTAL EXPENSES $82,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,415	$87,507	+0.7%
Expenses	$82,139	$77,053	+0.1%
Net Income	$69,276	$10,454	+5.6%

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

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
Peter Lund	Trustee	10.00	Director	$0	$0	$0
Char Mashyna	Trustee	15.00	Director	$0	$0	$0
James McBrier	Trustee	10.00	Director	$0	$0	$0
Mike Squeglia	Trustee	10.00	Director	$0	$0	$0
Jamie Taylor	Trustee	10.00	Director	$0	$0	$0
Marc Turner	Trustee	10.00	Director	$0	$0	$0
Barb Weibel	Trustee	20.00	Director	$0	$0	$0
William Lillis	Chair	25.00	Officer	$0	$0	$0
Doug Loesel	Vice Chair	15.00	Officer	$0	$0	$0
Lawrence Serafin	Treasurer	15.00	Officer	$0	$0	$0
Alex Cox	Secretary	10.00	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	$151,415	$82,139	$1,532,442	$69,276
2023	$87,507	$77,053	$1,320,091	$10,454
2022	$76,202	$77,010	$1,288,388	$-808
2021	$105,826	$71,782	$1,375,026	$34,044
2020	$111,338	$41,410	$1,263,375	$69,928
2019	$102,579	$73,695	$1,173,691	$28,884
2018	$56,145	$57,423	$1,126,939	$-1,278

Erie Yacht Club Foundation Inc