GROSSE POINTE YOUTH NAUTICAL EDUCA… - Form 990 Financial Data

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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

JOHN J MORROW JR

Phone

5867714350

Tax Period

2023-11-01 to 2024-10-31

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 55% operating margin.

Mission

CONDUCT EDUCATION ACTIVITIES TO FOSTER AND PROMOTE NAUTICAL EDUCATION, BOATING AND WATER SAFETY, YOUTH SPORTING COMPETITION, RESPECT FOR WATERWAYS AND THE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $55,040

SUPPORTING AND PROMOTING NAUTICAL COMPETITIVE EVENTS IN OUR REGION, THROUGH DONATIONS TO THE HIGH SCHOOL VARSITY SAILING PROGRAMS AT BOTH GROSSE POINTE NORTH AND GROSSE POINTE SOUTH SCHOOLS. THIS...

SUPPORTING AND PROMOTING NAUTICAL COMPETITIVE EVENTS IN OUR REGION, THROUGH DONATIONS TO THE HIGH SCHOOL VARSITY SAILING PROGRAMS AT BOTH GROSSE POINTE NORTH AND GROSSE POINTE SOUTH SCHOOLS. THIS INCLUDES SPONSORSHIP OF THE MALLORY CHAMPIONSHIP, A REGIONAL HIGH SCHOOL SAILING EVENT HOSTED BY GROSSE POINTE NORTH HIGH SCHOOL, AND THE JUNIOR OLYMPICS SAILING COMPETITION.

Program 2

PUBLICATION & DISTRIBUTION OF MARINE SERVICE GUIDE TO BOATERS THROUGHOUT THE LAKE ST CLAIR REGION. THE PURPOSE OF THIS GUIDE IS TO CREATE A USEFUL TOOL FOR BOATERS TO HAVE EASY ACCESS TO INFORMATION TO SUPPORT THEIR BOATING AND RECREATIONAL ACTIVITIES. THE PUBLICATION INCLUDES INFORMATION ABOUT BOATING SAFETY, INFORMATION FOR CROSSING TO CANADA, AND A LIST OF REPAIR SERVICES AVAILABLE TO BOATERS.

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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 $7,050

Program Service Revenue $0

Investment Income $159,383

Other Revenue $38,433

TOTAL REVENUE $204,866

Expense Breakdown

Grants Paid $44,693

Salaries & Benefits $0

Fundraising Expenses $13,552

Program Expenses $55,040

Other Expenses $47,248

TOTAL EXPENSES $91,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,866	$95,610	+1.1%
Expenses	$91,941	$245,712	-0.6%
Net Income	$112,925	$-150,102	-1.8%

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

N/A

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
JAMES A ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
WALLY CROSS	DIRECTOR	N/A	Director	$0	$0	$0
THEODORE EVERINGHAM	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN GERAGHTY	DIRECTOR	N/A	Director	$0	$0	$0
GARY GONZALEZ	DIRECTOR	N/A	Director	$0	$0	$0
JOHN J MORROW JR	PRESIDENT	N/A	Officer Director	$0	$0	$0
SLOANE R BARBOUR JR	DIRECTOR	N/A	Director	$0	$0	$0
JEFF LAETHEM	DIRECTOR	N/A	Director	$0	$0	$0
SEAN SCHOTTHOEFER	TREASURER	N/A	Officer Director	$0	$0	$0
ILJA J VREEKEN	DIRECTOR	N/A	Director	$0	$0	$0
MARK R WEBER	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2024	$204,866	$91,941	$758,383	$112,925
2023	$95,610	$245,712	$668,074	$-150,102
2022	$72,748	$84,263	$793,642	$-11,515
2021	$191,042	$88,139	$956,144	$102,903
2020	$136,502	$63,417	$749,858	$73,085
2019	$163,095	$117,713	$688,147	$45,382
2018	$200,403	$145,766	$594,100	$54,637

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION