WAWASEE YACHT CLUB INC

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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

1931

Legal Domicile

Principal Officer

Stephen Wolfer

Phone

2603486906

Tax Period

2023-01-01 to 2023-12-31

WAWASEE YACHT CLUB INC, founded in 1931, is a small nonprofit that reported $117K in total revenue in fiscal year 2023. Net assets of $567K represent 58 months of operating reserves.

Mission

Foster, promote and encourage the sport of sailboat racing and to promote the science of seamanship.

Program Service Accomplishments

Program 1

Expenses: $16,774 Revenue: $18,312

For over 80 years, WYC has conducted sailboat races on Lake Wawasee (Syracuse, IN) each weekend from Memorial Day to Labor Day. Four classes of one-design sailboats (E Scow / Lightning / Sunfish /...

For over 80 years, WYC has conducted sailboat races on Lake Wawasee (Syracuse, IN) each weekend from Memorial Day to Labor Day. Four classes of one-design sailboats (E Scow / Lightning / Sunfish / I-20) allowed 70 members to compete in races. In addition to weekly sail races, WYC also annually conducts a number of regattas that are attended by sailors from the Midwest (E Scow and Hoosier Regatta).

Program 2

Expenses: $16,781 Revenue: $29,945

WYC conducts five weeks of junior sailing classes during the summer (Jun - Jul), teaching over 140 children from ages 8 - 16 how to sail in a safe, fun, and structured environment that promotes...

WYC conducts five weeks of junior sailing classes during the summer (Jun - Jul), teaching over 140 children from ages 8 - 16 how to sail in a safe, fun, and structured environment that promotes sportsmanship, self-discipline, self-reliance, and a respect for nature and fellow sailors. The goal is to develop in each child an appreciation for, and a love of, sailing and confidence in his or her ability. The B.W. Duck Memorial Award is presented annually to the WYC Junior Sailing participant who is considered to be the "best sailor" of the season. The Alfred Tag Snook Award is presented annually to the WYC Junior Sailing participant who best demonstrates "overall excellence" in the Junior Sailing class. The honoree will have demonstrated the Corinthian Spirit through outstanding classroom work, a high level of sportsmanship, respect for others, and sound sailing skills.

Program 3

Expenses: $2,150 Revenue: $0

WYC also holds social events to further the interest in sailing and the club. It hosts four to five events at the clubhouse plus fun sailing events (e.g., poker runs) to spur interest in sailing.

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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 $68,487

Program Service Revenue $48,257

Investment Income $4

Other Revenue $220

TOTAL REVENUE $116,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,653

Fundraising Expenses $0

Program Expenses $35,705

Other Expenses $110,854

TOTAL EXPENSES $124,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,968	$109,066	+0.1%
Expenses	$124,507	$123,031	+0.0%
Net Income	$-7,539	$-13,965	-0.5%

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

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 Blackwell	Commodore	5	Officer Director	$0	$0	$0
Dave Newcomer	Vice Commodore	5	Officer Director	$0	$0	$0
Betsy Berry	Rear Commodore	3.00	Officer Director	$0	$0	$0
Bradey Wright	Member at Large	5	Officer Director	$0	$0	$0
Stephen Wolfer	Treasurer	8	Officer Director	$0	$0	$0
John McClain	Secretary	5	Officer Director	$0	$0	$0
Casey Call	Race Chairman	5	Officer Director	$0	$0	$0
Ralph Smith	Building & Grounds	5	Officer Director	$0	$0	$0
Andrew Allen	Docks & Harbor	5	Officer Director	$0	$0	$0
Jeffrey Schmahl	Junior Sailing	5	Officer Director	$0	$0	$0
Amanda Yoder	Social Events	5	Officer Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$116,968	$124,507	$568,750	$-7,539
2022	$109,066	$123,031	$558,174	$-13,965
2021	$141,343	$125,374	$600,876	$15,969
2020	$257,942	$93,673	$566,626	$164,269