PUT-IN-BAY YACHT CLUB INC

EIN: 340922493

PUTINBAY, OH

Total Revenue
$482,092
Total Expenses
$434,816
Total Assets
$1,075,471
Net Assets
$901,114
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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
1923
Legal Domicile
OH
Principal Officer
CONSTANCE MILLER
Phone
4192854505
Tax Period
2023-11-01 to 2024-10-31

PUT-IN-BAY YACHT CLUB INC, founded in 1923, is a small nonprofit that reported $482K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $435K left a modest 10% surplus.

Mission

A SOCIAL ORGANIZATION DEDICATED TO PROMOTING ALL FORMS OF AQUATIC ACTIVITIES: SAILING, POWER BOATING, AND CRUISING. PRIMARY EVENTS INCLUDE HOSTING SAILBOAT AND POWERBOAT REGATTAS FOR ADULTS AND JUNIORS, ORGANIZING CRUISE-OUTS, AND SOCIAL ACTIVITIES. OPERATE A RESTAURANT AND BAR FOR MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,306
Program Service Revenue $273,455
Investment Income $8,305
Other Revenue $186,026
TOTAL REVENUE $482,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,535
Fundraising Expenses $0
Other Expenses $238,281
TOTAL EXPENSES $434,816

Year-over-Year Comparison

2023 2022 Change
Revenue $482,092 $412,892 +0.2%
Expenses $434,816 $395,633 +0.1%
Net Income $47,276 $17,259 +1.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
29
Volunteers
125

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONSTANCE S MILLER COMMODORE 2.00
Officer Director
$0 $0 $0
DOUGLAS SEIB VICE-COMMODORE 2.00
Officer Director
$0 $0 $0
G SCOTT OWENS TRUSTEE 5.00
Director
$0 $0 $0
JASON A COOPER TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY A TOTH TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
KRISTIN WYGANT REAR-COMMODORE 2.00
Officer Director
$0 $0 $0
SUZANNE MCFEATERS AUXILIARY PRESIDENT 2.00
Director
$0 $0 $0
STEVE HARRIS IMMED PAST COMMODORE 1.00
Director
$0 $0 $0
HERB ALBRECHT TRUSTEE 2.00
Director
$0 $0 $0
TODD TIGGES TRUSTEE 2.00
Director
$0 $0 $0
RAYMOND M ARTH TREASURER 5.00
Officer
$0 $0 $0
DONNA D'AMICO SECRETARY 2.00
Officer
$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 $482,092 $434,816 $1,075,471 $47,276
2023 $412,892 $395,633 $1,014,166 $17,259
2022 $460,094 $312,669 $1,000,569 $147,425
2021 $424,680 $261,526 $766,500 $163,154
2020 $302,489 $234,985 $643,207 $67,504
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