CONNEAUT BOAT CLUB (EIN 340937834) - 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

1946

Legal Domicile

Principal Officer

Kerry Gerdes

Phone

4405936162

Tax Period

2025-01-01 to 2025-12-31

CONNEAUT BOAT CLUB, founded in 1946, is a small nonprofit that reported $146K in total revenue in fiscal year 2025. Net assets of $317K represent 26 months of operating reserves.

Mission

Social Boat Club 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $40,900

Program Service Revenue $71,532

Investment Income $1,549

Other Revenue $31,984

TOTAL REVENUE $145,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,159

Fundraising Expenses $0

Program Expenses $140,655

Other Expenses $124,788

TOTAL EXPENSES $145,947

Year-over-Year Comparison

	2025	2024	Change
Revenue	$145,965	$143,592	+0.0%
Expenses	$145,947	$143,809	+0.0%
Net Income	$18	$-217	-1.1%

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

N/A

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
Mark Ackworth	Commodore	2	Director	$0	$0	$0
Jeremy Zappitelli	Vice Commodore	1	Director	$0	$0	$0
Frank Martin	Rear Commodore	1	Director	$0	$0	$0
Dennis Hills	Secretary	4	Director	$0	$0	$0
Kerry Gerdes	Treasurer	4	Director	$0	$0	$0
Harlan Smith	Trustee	1	Director	$0	$0	$0
Gregg Dreslinski	Trustee	1	Director	$0	$0	$0
Chris Walker	Trustee	1	Director	$0	$0	$0
Loren Smith	Trustee	1	Director	$0	$0	$0
Thomas Tyler	Trustee	1	Director	$0	$0	$0
Ronald Rashavy	Trustee	1	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	$145,965	$145,947	$316,943	$18
2024	$143,592	$143,809	$316,967	$-217

CONNEAUT BOAT CLUB