VERMILION BOAT CLUB (EIN 341166331) - 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

1913

Legal Domicile

Principal Officer

DAVID LOPER

Phone

4409676634

Tax Period

2023-10-01 to 2024-09-30

VERMILION BOAT CLUB, founded in 1913, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 6% surplus.

Mission

TO PROMOTE YACHTING AND BOATING IN THE GREAT LAKES.

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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 $9,340

Program Service Revenue $1,777,468

Investment Income $12,417

Other Revenue $24,079

TOTAL REVENUE $1,823,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $640,729

Fundraising Expenses $0

Other Expenses $1,082,185

TOTAL EXPENSES $1,722,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,823,304	$1,657,501	+0.1%
Expenses	$1,722,914	$1,705,455	+0.0%
Net Income	$100,390	$-47,954	-3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LOPER	COMMODORE	2.00	Officer	$0	$0	$0
ELIZABETH ELDEN	VICE COMMODO	2.00	Officer	$0	$0	$0
SHARI KUHN	REAR COMMODO	2.00	Officer	$0	$0	$0
LEE SZAMBECKI	TREASURER	2.00	Officer	$0	$0	$0
LAURI DITTO	SECRETARY	1.00	Officer	$0	$0	$0
JENNIFER SOCHACKI	POWER FLEET	1.00	Officer	$0	$0	$0
HEIDI RIDDLE	SAIL FLEET C	1.00	Officer	$0	$0	$0
CORRIE LESHER	FLEET SURGEO	1.00	Officer	$0	$0	$0
JOHN HEIDEMAN	CLUB HISTORI	1.00	Officer	$0	$0	$0
KRAIG KIRBY	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE KIRBY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE RINI	TRUSTEE	1.00	Director	$0	$0	$0
CLIFF SIMONSON	TRUSTEE	1.00	Director	$0	$0	$0
LARRY DROUHARD	TRUSTEE	1.00	Director	$0	$0	$0
JILL TREECE	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK DITTOE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SOCHACKI	TRUSTEE	1.00	Director	$0	$0	$0
MARK KIDD	TRUSTEE	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	$1,823,304	$1,722,914	$1,972,848	$100,390
2023	$1,657,501	$1,705,455	$1,031,579	$-47,954
2022	$1,650,957	$1,537,857	$897,724	$113,100
2021	$1,475,888	$1,371,610	$883,885	$104,278
2020	$1,169,928	$1,170,825	$825,611	$-897
2019	$1,273,312	$1,310,948	$805,051	$-37,636
2018	$1,173,908	$1,163,533	$850,134	$10,375

VERMILION BOAT CLUB