CHICAGO YACHT CLUB FOUNDATION

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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

1990

Legal Domicile

Principal Officer

GREG MIARECKI

Phone

3128617777

Tax Period

2024-01-01 to 2024-12-31

CHICAGO YACHT CLUB FOUNDATION, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $804K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $194K, a strong 24% operating margin.

Mission

EXISTS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL, WITH PRIMARY FOCUS ON YOUTH FROM UNDERREPRESENTED COMMUNITIES. PROVIDES NAUTICAL EDUCATION, OFFERS GRANTS AND SCHOLARSHIPS, AND WORKS IN COLLABORATION WITH COMMUNITY PARTNERS ACROSS CHICAGOLAND TO DELIVER SERVICES TO YOUTH.

Program Service Accomplishments

Program 1

Expenses: $185,535

INDUCTION: INDUCTIONPROGRAMS FEATURE MULTI-DAY CAMPS LIKE ADVENTURE BOATING, MONROE SAILING, AND SWIM SCHOOL, AND ARE DESIGNED TO BUILD FAMILIARITY THROUGH REPEATED, HANDS-ON TIME IN AND ON THE...

INDUCTION: INDUCTIONPROGRAMS FEATURE MULTI-DAY CAMPS LIKE ADVENTURE BOATING, MONROE SAILING, AND SWIM SCHOOL, AND ARE DESIGNED TO BUILD FAMILIARITY THROUGH REPEATED, HANDS-ON TIME IN AND ON THE WATER. THESE TUITION-FREE ACTIVITIES CREATE DEEPER ENGAGEMENT WITH WATER SPORTS AND FOSTER A SENSE OF BELONGING IN THE BOATING WORLD. TUITION-FREE SAILING CAMPS OFFER WRAPAROUND SERVICES WITH ACTIVITIES LIKE KAYAKING, PADDLEBOARDING, FISHING, SWIMMING, AND KEELBOAT SAILING. SIX- TO-EIGHT WEEKLY SWIM LESSONS DESIGNED TO BUILD WATER CONFIDENCE AND ACHIEVE SWIM PROFICIENCY.

Program 2

Expenses: $167,390

INSPIRATION: INSPIRATION PROGRAMS - THE COMPETITION FUND AND INSPIRE SCHOLARSHIPS SUPPORT YOUTH PURSUING COMPETITIVE SAILING AND POSTSECONDARY EDUCATION BY REDUCING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES BEYOND THE WATER. SCHOLARSHIPS FOR POSTSECONDARY EDUCATION OR TRADE SCHOOL. GRANTS FOR HIGH-LEVEL SAILORS TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS.

Program 3

Expenses: $158,369

INTRODUCTION: INTRODUCTION POWERBOAT AND SAILBOAT CRUISES OFFER YOUTH NEW WAYS TO ENJOY LAKE MICHIGAN BY PROVIDING ACCESS TO PREVIOUSLY UNEXPLORED SPACES, CREATING MEMORABLE EXPERIENCES ON THE WATER, AND SPARKING CURIOSITY THROUGH STEAM PROGRAMMING. DURING THE OFFSEASON, MARINE-THEMED AFTER-SCHOOL ACTIVITIES BRING BOATING TO LIFE FOR STUDENTS AGED 10 TO 18 AT COMMUNITY PARTNER SITES CITYWIDE. STEAM-FOCUSED SAILBOAT CRUISES THAT TEACH CORE SAILING CONCEPTS. EXPERIENTIAL POWERBOAT RIDES FOR FIRST-TIME BOATERS. AFTER -SCHOOL ACTIVITIES FEATURING HANDS-ON CRAFTS THAT EMULATE THE ENGINEERING DESIGN PROCESS WHILE INTRODUCING MARINE BIOLOGY, BOATING PHYSICS, WEATHER, AND WATER SAFETY.

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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 $710,388

Program Service Revenue $0

Investment Income $93,205

Other Revenue $0

TOTAL REVENUE $803,593

Expense Breakdown

Grants Paid $396,468

Salaries & Benefits $0

Fundraising Expenses $26,982

Program Expenses $534,292

Other Expenses $212,813

TOTAL EXPENSES $609,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$803,593	$1,562,068	-0.5%
Expenses	$609,281	$313,968	+0.9%
Net Income	$194,312	$1,248,100	-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
GREG MIARECKI	PRESIDENT	10.00	Officer Director	$0	$0	$0
CYD ARCHER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JANICE PROMER	TREASURER	5.00	Officer Director	$0	$0	$0
ERIN MITCHELL	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BELSLEY	DIRECTOR	2.00	Director	$0	$0	$0
NICK CAMINO	DIRECTOR	2.00	Director	$0	$0	$0
PETER THORNTON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL DANNECKER	DIRECTOR	2.00	Director	$0	$0	$0
ANN RUNDLE	DIRECTOR	2.00	Director	$0	$0	$0
LEIF SIGMOND	DIRECTOR	2.00	Director	$0	$0	$0
LINDSEY DUDA	DIRECTOR	2.00	Director	$0	$0	$0
DIANE FOOTE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BIED	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	$803,593	$609,281	$3,553,269	$194,312
2023	$1,562,068	$313,968	$3,185,696	$1,248,100
2022	$524,212	$169,614	$1,775,494	$354,598
2021	$218,783	$84,223	$1,668,459	$134,560
2020	$115,096	$46,588	$1,366,906	$68,508
2019	$207,445	$118,137	$1,193,627	$89,308
2018	$204,707	$108,235	$973,449	$96,472