LAKESIDE YACHT CLUB INC (EIN 340348425) - 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

1930

Legal Domicile

Principal Officer

DAVID HUNT

Phone

2164323270

Tax Period

2023-11-01 to 2024-10-31

LAKESIDE YACHT CLUB INC, founded in 1930, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $450K, a strong 26% operating margin.

Mission

LAKESIDE YACHT CLUB, INC. WAS FORMED FOR THE PURPOSE OF PROMOTING YACHTING, SAILING, BOATING, AND OTHER WATERSPORT ACTIVITIES.

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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 $0

Program Service Revenue $1,477,301

Investment Income $82,548

Other Revenue $159,459

TOTAL REVENUE $1,719,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $350,615

Fundraising Expenses $0

Other Expenses $918,664

TOTAL EXPENSES $1,269,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,719,308	$1,701,575	+0.0%
Expenses	$1,269,279	$1,336,591	-0.1%
Net Income	$450,029	$364,984	+0.2%

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

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

$135,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE BEVINS	COMMODORE	3.00	Officer Director	$0	$0	$0
EMORY WOLF	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
ROB RUHLMAN	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
ADAM RESSLER	FLEET SURGEON	1.00	Officer Director	$0	$0	$0
GREG VITTARDI	FLEET CAPTAIN	3.00	Officer Director	$0	$0	$0
SHANE BONOMINI	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HUNT	TREASURER	5.00	Officer Director	$0	$0	$0
BUTCH BATES	TRUSTEE	1.00	Director	$0	$0	$0
DAN LOVINGER	TRUSTEE	1.00	Director	$0	$0	$0
DOMINIC MIHALIK	TRUSTEE	1.00	Director	$0	$0	$0
MIKE CUNNINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY ZARLINGA	TRUSTEE	1.00	Director	$0	$0	$0
JP PROLOGO	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MCPHAIL	TRUSTEE	1.00	Director	$0	$0	$0
KEN CERIMELE	TRUSTEE	1.00	Director	$0	$0	$0
LARRY ORLOWSKI	GENERAL MANAGER	40.00	Officer	$117,349	$17,655	$135,004

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	$1,719,308	$1,269,279	$5,107,285	$450,029
2023	$1,701,575	$1,336,591	$4,809,285	$364,984
2022	$1,660,708	$1,207,322	$4,453,504	$453,386
2021	$1,620,119	$1,169,323	$4,166,742	$450,796
2020	$1,567,583	$1,116,790	$3,986,764	$450,793
2019	$1,334,619	$1,157,931	$3,706,302	$176,688
2018	$1,172,494	$1,120,308	$3,651,753	$52,186

LAKESIDE YACHT CLUB INC