LAKE COUNTY YACHT CLUB INC (EIN 341780342) - 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

1965

Legal Domicile

Principal Officer

RAY KOETH

Phone

4409429813

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTY YACHT CLUB INC, founded in 1965, is a small nonprofit that reported $299K in total revenue in fiscal year 2024.

Mission

Provide general informationto members relating to government boating regulations Provide informationrelating to care and maintenance of boats Promote boating safety, Encourage sociobility among the boating community.

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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 $284,009

Program Service Revenue $0

Investment Income $0

Other Revenue $15,311

TOTAL REVENUE $299,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $291,964

TOTAL EXPENSES $291,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,320	$300,017	0.0%
Expenses	$291,964	$289,682	+0.0%
Net Income	$7,356	$10,335	-0.3%

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

N/A

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
KEN KOSTELNIK	TRUSTEE	004.00	Director	$0	$0	$0
BOB PALMER	TRUSTEE	004.00	Director	$0	$0	$0
JOHN KROMAR	TRUSTEE	004.00	Director	$0	$0	$0
BRIAN WOLFE	TRUSTEE	004.00	Director	$0	$0	$0
STEVE LEGAT	TRUSTEE	004.00	Director	$0	$0	$0
MATT MORAN	ADVISOR	004.00	Officer	$0	$0	$0
ROBERT DRAGOLIC	COMMODORE	006.00	Officer	$0	$0	$0
KYLE REESE	SECRETARY	006.00	Officer	$0	$0	$0
RAY KOETH	TREASURER	006.00	Officer Highest	$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	$299,320	$291,964	$560,534	$7,356
2023	$300,017	$289,682	$586,462	$10,335
2023	$300,017	$289,682	$586,462	$10,335
2022	$270,552	$281,696	$604,300	$-11,144
2022	$270,552	$281,696	$604,300	$-11,144
2021	$263,502	$275,619	$656,103	$-12,117
2020	$259,049	$259,000	$643,247	$49

LAKE COUNTY YACHT CLUB INC