PORT CLINTON YACHT CLUB (EIN 344331095) - 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

1994

Legal Domicile

Principal Officer

MARTY FOLGER

Tax Period

2022-10-01 to 2023-09-30

PORT CLINTON YACHT CLUB, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Expenses of $1.0M left a modest 5% surplus.

Mission

PORT CLINTON YACHT CLUB ENCOURAGES BOATING, SWIMMING AND OTHER SPORTS AND PROMOTES SOCIAL ACTIVITIES FOR THE MEMBERS BY MAINTAINING BOAT SLIPS, CLUB HOUSE, AND POOL FACILITIES IN ADDITION TO SPONSORING SAILING REGATTA'S AND RACES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $626,882

Program Service Revenue $39,105

Investment Income $19,775

Other Revenue $407,099

TOTAL REVENUE $1,092,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,074

Fundraising Expenses $0

Other Expenses $734,997

TOTAL EXPENSES $1,036,071

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,092,861	$1,287,032	-0.2%
Expenses	$1,036,071	$996,113	+0.0%
Net Income	$56,790	$290,919	-0.8%

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

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

$10,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BICKLEY	SECRETARY	1.00	Officer	$5,000	$0	$5,000
MARTY FOLGER	TREASURER	1.00	Officer	$5,000	$0	$5,000
RJ BASIL	TRUSTEE	0.50	Director	$0	$0	$0
JIM BOWLUS	PAST COMMODO	0.50	Director	$0	$0	$0
STEVE HALES	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT WILLIAMS	TRUSTEE	0.50	Director	$0	$0	$0
DOUG BLACKBURN	REAR COMMODO	1.00	Officer	$0	$0	$0
TODD PUCKETT	COMMODORE	0.50	Officer	$0	$0	$0
JAMES RECKER	VICE COMMODO	1.00	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	No data	No data	No data	No data
2023	$1,092,861	$1,036,071	$4,396,609	$56,790
2022	$1,287,032	$996,113	$4,593,010	$290,919
2021	$1,455,892	$836,284	$3,352,439	$619,608
2020	$735,162	$624,050	$2,634,707	$111,112
2019	$748,898	$668,916	$2,636,855	$79,982

PORT CLINTON YACHT CLUB