WAUKEGAN YACHT CLUB

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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

1927

Legal Domicile

Principal Officer

Nicole L Sullivan

Phone

8476234188

Tax Period

2024-01-01 to 2024-12-31

WAUKEGAN YACHT CLUB, founded in 1927, is a micro nonprofit in the Recreation & Sports sector that reported $41K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $36K left a modest 13% surplus.

Mission

Mentoring individuals and families in safe participation on watercraft activities on Lake Michigan from the Port of Waukegan.

Program Service Accomplishments

Program 1

Expenses: $6,246 Revenue: $10,950

93rd annual Chicago to Waukegan Sail Race 108 participating boats Approximately 1100 sailor participants and families in attendance and utilizing surrounding businesses and services. Example...

93rd annual Chicago to Waukegan Sail Race 108 participating boats Approximately 1100 sailor participants and families in attendance and utilizing surrounding businesses and services. Example: Transient slips leased by out of town boats business to Waukegan Port District Metra rail services to Chicago early AM and PM restaurants downtown Genesee Street area and in the harbor itself

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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 $19,989

Program Service Revenue $20,896

Investment Income $0

Other Revenue $-9

TOTAL REVENUE $40,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,386

Fundraising Expenses $0

Program Expenses $6,246

Other Expenses $34,346

TOTAL EXPENSES $35,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,876	$25,471	+0.6%
Expenses	$35,732	$29,631	+0.2%
Net Income	$5,144	$-4,160	-2.2%

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

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
Nicole Sullivan	Commodore	25.00	Officer	$0	$0	$0
Jason Fergerson	Past Commodore	0.00	Director	$0	$0	$0
Johnathan Gaetz	Secretary	11.00	Officer	$0	$0	$0
Trish Lewis	Treasurer	21.00	Officer	$0	$0	$0
Jonathan Burba	Director	5.00	Director	$0	$0	$0
Bob Christiansen	Director	1.00	Director	$0	$0	$0
Robert Klueg	Director	1.00	Director	$0	$0	$0
Toby Payne	Director	17.00	Director	$0	$0	$0
Jennifer Kosatka	Sail Chair - Director	8.00	Director	$0	$0	$0
Howard Larson	Director	2.00	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
2024	$40,876	$35,732	$6,578	$5,144
2023	$25,471	$29,631	$1,289	$-4,160