FOREST CITY YACHT CLUB (EIN 340646603) - 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

1939

Legal Domicile

Principal Officer

FRANK SCAVONE

Phone

2163619857

Tax Period

2024-01-01 to 2024-12-31

FOREST CITY YACHT CLUB, founded in 1939, is a small nonprofit that reported $383K in total revenue in fiscal year 2024.

Mission

PRIVATE YACHT CLUB SOCIAL ORGANIZATION

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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 $378,263

Program Service Revenue $0

Investment Income $1,812

Other Revenue $2,731

TOTAL REVENUE $382,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,103

Fundraising Expenses $0

Other Expenses $379,236

TOTAL EXPENSES $412,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,806	$391,688	0.0%
Expenses	$412,339	$366,895	+0.1%
Net Income	$-29,533	$24,793	-2.2%

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

125

Independent Members

125

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
MICHAEL CHEUNG	COMMODORE	008.00	Officer Director	$0	$0	$0
PAT FINN	VICE COMMODORE	001.00	Officer Director	$0	$0	$0
MATT FIKTUS	REAR COMMODORE	001.00	Officer Director	$0	$0	$0
VICKY MOUSTY	SECRETARY	001.00	Officer Director	$0	$0	$0
FRANK SCAVONE	TREASURER	003.00	Officer Director	$0	$0	$0
MICHELLE WINTER	FINANCIAL SECRETARY	001.00	Officer Director	$0	$0	$0
BOB DIANETTI	TRUSTEE	001.00	Director	$0	$0	$0
JOANN PIEKARCZYK	TRUSTEE	001.00	Director	$0	$0	$0
TOM MONTOWSKY	TRUSTEE	001.00	Director	$0	$0	$0
ERIC PATRICK	PAST COMMODORE TRUSTEE	001.00	Director	$0	$0	$0
EDWARD BROMUND	FLEET CAPTAIN	001.00	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
2024	$382,806	$412,339	$442,818	$-29,533
2023	$391,688	$366,895	$472,609	$24,793
2022	$350,019	$335,038	$449,174	$14,981
2021	$334,197	$181,261	$434,845	$152,936
2020	$358,619	$315,468	$292,281	$43,151
2019	$362,909	$268,676	$246,927	$94,233
2018	$353,873	$441,289	$173,767	$-87,416

FOREST CITY YACHT CLUB