LAPORTE YACHT CLUB INC

EIN: 350819775

LAPORTE, IN

Total Revenue
$197,493
Total Expenses
$140,216
Total Assets
$331,478
Net Assets
$278,956
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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
1941
Legal Domicile
IN
Principal Officer
JED RUNNELS
Tax Period
2023-01-01 to 2023-12-31

LAPORTE YACHT CLUB INC, founded in 1941, is a small nonprofit that reported $197K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 29% operating margin.

Mission

SOCIAL CLUB- PROMOTE THE USE OF LAKES FOR RECREATIONAL PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60
Program Service Revenue $53,375
Investment Income $8
Other Revenue $144,050
TOTAL REVENUE $197,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,849
Fundraising Expenses $91,556
Other Expenses $75,367
TOTAL EXPENSES $140,216

Year-over-Year Comparison

2023 2022 Change
Revenue $197,493 $105,966 +0.9%
Expenses $140,216 $124,016 +0.1%
Net Income $57,277 $-18,050 -4.2%
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

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Governance

Voting Members
263
Independent Members
263
Employees
19
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDI COLLINS SECRETARY N/A
Officer
$0 $0 $0
MATT COLLINS COMMODORE N/A
Officer
$0 $0 $0
LORI COOPER TREASURER N/A
Officer
$0 $0 $0
JED RUNNELS VICE COMMODO N/A
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
2023 $197,493 $140,216 $331,478 $57,277
2022 $105,966 $124,016 $286,099 $-18,050
2021 $159,515 $104,900 $307,183 $54,615
2019 $98,875 $114,613 $249,370 $-15,738
2018 $167,347 $147,064 $267,604 $20,283
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