GREAT HARBOR YACHT CLUB FOUNDATION INC (EIN 301128021) - 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

2018

Legal Domicile

Principal Officer

PAUL COLLINS

Phone

5086805033

Tax Period

2024-01-01 to 2024-12-31

GREAT HARBOR YACHT CLUB FOUNDATION INC, founded in 2018, is a small nonprofit in the Environment sector that reported $333K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $319K left a modest 4% surplus.

Mission

THE ORGANIZATION WILL WORK WITH THE NANTUCKET NATURAL RESOURCES DEPARTMENT AND OTHER ORGANIZATIONS TO PROMOTE THE HEALTH OF NANTUCKET HARBOR AND ITS MARINE ECOSYSTEMS. RECENTLY FUNDED PROJECTS INCLUDED NANTUCKET STORMWATER MONITORING, A HARBOR HEALTH SCORECARD, YOUTH HARBOR EDUCTION PROGRAM, AND OCEAN ACIDIFICATION BUOY. UPCOMING PROJECTS INCLUDE SCALLOP RESEARCH AND MENTORING PROGRAM, EELGRASS MANAGEMENT PLAN, NANTUCKET HARBOR HEALTH INTEGRATION INITIATIVE, MICROPLASTICS STUDY, AMONG OTHERS.

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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 $516,013

Program Service Revenue $0

Investment Income $138,659

Other Revenue $-321,666

TOTAL REVENUE $333,006

Expense Breakdown

Grants Paid $162,615

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,615

Other Expenses $156,678

TOTAL EXPENSES $319,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,006	$735,179	-0.5%
Expenses	$319,293	$207,795	+0.5%
Net Income	$13,713	$527,384	-1.0%

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
PAUL COLLINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW DWYER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM EINSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA FOWLER	CLERK	1.00	Officer Director	$0	$0	$0
KAREN KETTERER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SMIALOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD BERNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE STANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIOT GEWIRTZ	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
FLIP HUFFARD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KRUPA	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ORENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELINDA PULJIC	BOARD MEMBER	1.00	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
2024	$333,006	$319,293	$3,443,064	$13,713
2023	$735,179	$207,795	$3,150,084	$527,384
2022	$639,174	$252,379	$2,521,359	$386,795
2021	$445,083	$22,961	$2,192,563	$422,122
2020	$122,249	$57,385	$1,788,896	$64,864
2019	$1,664,327	$14,820	$1,712,747	$1,649,507

GREAT HARBOR YACHT CLUB FOUNDATION INC