INDIAN LAKE YACHT CLUB INC (EIN 346556065) - 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

1942

Legal Domicile

Principal Officer

JEFF PATTEN

Tax Period

2024-11-01 to 2025-10-31

INDIAN LAKE YACHT CLUB INC, founded in 1942, is a small nonprofit that reported $185K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $135K, a strong 73% operating margin.

Mission

PROVIDE FACILITIES AND PROGRAMS TO PROMOTE RECREATIONAL SAILING BY PROVIDING MEMBERSHIP WITH FACILITIES FOR DOCKING SAILBOATS, CONDUCTING JUNIOR SAILING CAMP, ADULT SAILING INSTRUCTION AND CONDUCTING RACES FOR THE IMPROVEMENT OF SAILING SKILLS.

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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 $148,502

Program Service Revenue $0

Investment Income $30,305

Other Revenue $6,109

TOTAL REVENUE $184,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,636

Other Expenses $49,636

TOTAL EXPENSES $49,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,916	$424,471	-0.6%
Expenses	$49,636	$82,294	-0.4%
Net Income	$135,280	$342,177	-0.6%

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

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
DOUG CHAMBERLIN	TRUSTEE	2.00	Director	$0	$3	$3
KATE WILSON	TRUSTEE	2.00	Director	$0	$0	$0
DAVE JACKSON	TRUSTEE	2.00	Director	$0	$0	$0
JACOB CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
KAREN KOHLER	TRUSTEE	2.00	Director	$0	$0	$0
RANDY FLEMING	TRUSTEE	2.00	Director	$0	$0	$0
PAT TYNAN	SECRETARY	4.00	Officer	$0	$0	$0
CLARK SHINGLEDECKER	TREASURER	4.00	Officer	$0	$0	$0
GEOFF RIGNEY	COMMODORE	6.00	Officer	$0	$0	$0
CYNTHIA DEFIBAUGH	PAST COMMODORE	2.00	Officer	$0	$0	$0
JEFF PATTEN	VICE COMMODORE	2.00	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
2025	$184,916	$49,636	$815,048	$135,280
2024	$424,471	$82,294	$690,385	$342,177

INDIAN LAKE YACHT CLUB INC