INDIANA HARBOR BOAT CLUB INC (EIN 351626093) - 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

1940

Legal Domicile

Principal Officer

RAY WHITE

Phone

2193981224

Tax Period

2023-12-01 to 2024-11-30

INDIANA HARBOR BOAT CLUB INC, founded in 1940, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROMOTE FELLOWSHIP AND SAFETY IN ALL BOATING ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $26,695

Investment Income $554

Other Revenue $27,021

TOTAL REVENUE $54,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,380

Fundraising Expenses $0

Other Expenses $74,234

TOTAL EXPENSES $84,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,770	$94,074	-0.4%
Expenses	$84,614	$81,003	+0.0%
Net Income	$-29,844	$13,071	-3.3%

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

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
MIKE D'ANNA	Director	3.00	Director	$0	$0	$0
DEAN POLLARD	Director	3.00	Director	$0	$0	$0
DAVID SELLERS	Director	3.00	Director	$0	$0	$0
CATHY SELLERS	Secretary	3.00	Officer	$0	$0	$0
BRIAN RICH	REAR COMMODORE	3.00	Officer	$0	$0	$0
DARLENE MYERS-LARSEN	Treasurer	8.00	Officer	$0	$0	$0
CHRIS MULLER	VICE COMMODORE	3.00	Officer	$0	$0	$0
RAY WHITE	COMMODORE	8.00	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	$54,770	$84,614	$96,423	$-29,844
2023	No data	No data	No data	No data
2021	$85,159	$63,426	$136,943	$21,733
2018	$77,859	$95,043	$102,978	$-17,184

INDIANA HARBOR BOAT CLUB INC