WAUKEGAN YACHT CLUB (EIN 362039018) - 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

1927

Legal Domicile

Principal Officer

Nicole L Sullivan

Phone

8476234188

Tax Period

2023-01-01 to 2023-12-31

WAUKEGAN YACHT CLUB, founded in 1927, is a micro nonprofit in the Recreation & Sports sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 727% from the prior year, signaling strong growth momentum. Expenses of $30K exceeded revenue, resulting in a 16% operating deficit.

Mission

A gathering place for boaters and boater education 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 $14,000

Program Service Revenue $6,112

Investment Income $0

Other Revenue $5,359

TOTAL REVENUE $25,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $540

Fundraising Expenses $0

Program Expenses $7,875

Other Expenses $29,091

TOTAL EXPENSES $29,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,471	$3,081	+7.3%
Expenses	$29,631	$19,868	+0.5%
Net Income	$-4,160	$-16,787	-0.8%

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	20.00	Officer	$0	$0	$0
Jason Fergerson	Past Commodore	1.00	Officer	$0	$0	$0
Johnathan Gaetz	Secretary	5.00	Officer	$0	$0	$0
Charles Olsen	Treasurer	0.00	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

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	$25,471	$29,631	$1,289	$-4,160

WAUKEGAN YACHT CLUB