WINTHROP HARBOR 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

1994

Legal Domicile

Principal Officer

DAVID BRADY

Phone

8477462222

Tax Period

2023-01-01 to 2023-12-31

WINTHROP HARBOR YACHT CLUB INC, founded in 1994, is a small nonprofit that reported $181K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $174K left a modest 4% surplus.

Mission

To provide social, recreational and educational activities to families that share a common interest in boating. The club has approximately 200 members.

Program Service Accomplishments

Program 1

Expenses to provide and maintain the Yacht Club facility.

Program 2

Costs associated with programs and social events provided for members.

Program 3

Supplies and materials used and provided for members for meetings, social events and various programs.

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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 $89,705

Program Service Revenue $90,775

Investment Income $7

Other Revenue $569

TOTAL REVENUE $181,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,642

Fundraising Expenses $0

Other Expenses $146,303

TOTAL EXPENSES $173,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,056	$331,836	-0.5%
Expenses	$173,945	$182,964	0.0%
Net Income	$7,111	$148,872	-1.0%

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

$15,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY SMITH	COMMODORE / SECRETARY	5.00	Officer Director	$0	$0	$0
MIKE MARKS	VICE COMMODORE	4.00	Officer Director	$0	$0	$0
DAVID BRADY	TREASURER	3.00	Officer Director	$0	$0	$0
JEFF KOHNKE	REAR COMMODORE-POWER	3.00	Officer Director	$0	$0	$0
ROD ATRIM	HOUSE DIRECTOR	3.00	Director	$0	$0	$0
MICKIE KELLY	SOCIAL DIRECTOR	3.00	Director	$0	$0	$0
SUE MARKS	MEMBERSHIP DIRECTOR	3.00	Director	$0	$0	$0
DON GLASSEL	BEV SERVICES CAPTAIN	3.00	Director	$0	$0	$0
HENRY SCHNIEDERMEIER	EDUCATION DIRECTOR	3.00	Director	$0	$0	$0
LEE PIEKARZ	FINANCE DIRECTOR	3.00	Director	$0	$0	$0
MARC HARTLER	INFO TECH CAPTAIN	3.00	Director	$0	$0	$0
SUE ST PIERRE	QUARTERMASTER	3.00	Director	$0	$0	$0
LISA GAUZE	OFFICE MANAGER	20.00	Key Emp	$15,000	$0	$15,000

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	No data	No data	No data	No data
2023	$181,056	$173,945	$373,325	$7,111
2022	$331,836	$182,964	$381,170	$148,872
2021	$140,692	$174,526	$395,822	$-33,834
2020	$115,539	$114,379	$409,337	$1,160