MIDDLE BASS ISLAND YACHT CLUB

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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

1990

Legal Domicile

Principal Officer

NORMAN KUESEL

Phone

6149279979

Tax Period

2024-01-01 to 2024-12-31

MIDDLE BASS ISLAND YACHT CLUB, founded in 1990, is a small nonprofit that reported $301K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $275K left a modest 9% surplus.

Mission

TO ENCOURAGE, PROMOTE, AND SUPPORT SAFE BOATING AND RELATED SPORTS ACTIVITIES TO INCLUDE THE SPIRIT OF FELLOWSHIP AMONG ITS MEMBERS, FAMILIES, AND FELLOW YACHTSMEN.

Program Service Accomplishments

Program 1

FACILITIES PROVIDED FOR BOAT DOCKS, MARINA, CLUBHOUSE AND GROUNDS AT MIDDLE BASS ISLAND OHIO FOR APPROX. 312 MEMBER YACHT CLUB.

Program 2

CLUB ORGANIZES EVENTS THROUGHOUT THE YEAR FOR THE BENEFIT OF ALL MEMBERS. NEWSLETTERS, WEBSITE, AND EDUCATIONAL PROGRAMS ARE ORGANIZED BY COMMITTEE 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 (2024)

Revenue Breakdown

Contributions & Grants $111,300

Program Service Revenue $185,707

Investment Income $10

Other Revenue $3,810

TOTAL REVENUE $300,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,478

Fundraising Expenses $0

Other Expenses $225,537

TOTAL EXPENSES $275,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,827	$256,919	+0.2%
Expenses	$275,015	$241,581	+0.1%
Net Income	$25,812	$15,338	+0.7%

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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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
MARK LUGAS	DIRECTOR	2.00	Director	$0	$0	$0
DOUG RICKETTS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SHELTON	DIRECTOR	2.00	Director	$0	$0	$0
MARK BOGDEN	STAFF COMMOD	1.00	Officer	$0	$0	$0
MICHELLE FIEGELIST	SECRETARY	4.00	Officer	$0	$0	$0
CHARLENE GALOVICH	REAR COMMODO	2.00	Officer	$0	$0	$0
NORMAN KUESEL	TREASURER	28.00	Officer	$0	$0	$0
MIKE NAGODE	VICE COMMODO	2.00	Officer	$0	$0	$0
KAREN SCHMIDT	COMMODORE	4.00	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	$300,827	$275,015	$544,376	$25,812
2023	$256,919	$241,581	$555,606	$15,338
2022	$217,108	$225,552	$572,821	$-8,444
2021	$214,158	$218,318	$602,377	$-4,160
2020	$201,294	$204,966	$708,011	$-3,672
2019	$182,086	$213,044	$752,273	$-30,958
2018	$186,978	$207,376	$803,569	$-20,398