HERKIMER COUNTY MARINE CLUB INC (EIN 273283613) - 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

1975

Legal Domicile

Principal Officer

EDMUND LAPOINTE

Phone

3158944636

Tax Period

2025-01-01 to 2025-12-31

HERKIMER COUNTY MARINE CLUB INC, founded in 1975, is a small nonprofit that reported $112K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SUPPORT TO COMMUNITY ACTIVITIES, IN FINANCIAL AND NON-FINANCIAL WAYS. TO PROMOTE COMRADESHIP AND SUPPORT TO FAMILY MEMBERS. AN EXAMPLE IS A TOYS FOR TOTS PROGRAM.

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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 $7,848

Program Service Revenue $0

Investment Income $0

Other Revenue $103,778

TOTAL REVENUE $111,626

Expense Breakdown

Grants Paid $16,100

Salaries & Benefits $25,965

Fundraising Expenses $0

Other Expenses $84,451

TOTAL EXPENSES $126,516

Year-over-Year Comparison

	2025	2024	Change
Revenue	$111,626	$155,828	-0.3%
Expenses	$126,516	$95,351	+0.3%
Net Income	$-14,890	$60,477	-1.2%

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

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
STANLEY LEWOSKO	COMMANDANT	2.00	Director	$0	$0	$0
NICHOLAS GIGLIO	SR VICE COMMANDANT	2.00	Director	$0	$0	$0
THOMAS MARROTTA	JR VICE COMMANDANT	2.00	Director	$0	$0	$0
EARL NESTVED	JUDGE ADVOCATE	2.00	Director	$0	$0	$0
ROBERT GIGLIO	SERGEANT AT ARMS	2.00	Director	$0	$0	$0
THOMAS STOIO	ADJUTANT	2.00	Director	$0	$0	$0
EDMOND LAPOINTE	JR COMMANDANT	2.00	Director	$0	$0	$0
JOHN WALKER	CHAPLIN	2.00	Director	$0	$0	$0
ARTHUR MUCITELLI	PAYMASTER	2.00	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	$111,626	$126,516	$141,462	$-14,890
2024	$155,828	$95,351	$156,352	$60,477

HERKIMER COUNTY MARINE CLUB INC