GREAT LAKES CRUISING CLUB (EIN 366108286) - 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

1934

Legal Domicile

Principal Officer

JOE MCKEOWN

Phone

8109844500

Tax Period

2024-10-01 to 2025-09-30

GREAT LAKES CRUISING CLUB, founded in 1934, is a small nonprofit that reported $293K in total revenue in fiscal year 2024. Net assets of $878K represent 36 months of operating reserves.

Mission

BOATING SAFETY AND RELATED 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $261,431

Investment Income $28,081

Other Revenue $3,475

TOTAL REVENUE $292,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,472

Fundraising Expenses $0

Program Expenses $243,964

Other Expenses $199,125

TOTAL EXPENSES $306,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,987	$285,156	+0.0%
Expenses	$306,597	$300,829	+0.0%
Net Income	$-13,610	$-15,673	-0.1%

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

210

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
JOE MCKEOWN	COMMODORE	1.00	Officer Director	$0	$0	$0
CRAIG SHANTZ	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JAMES AUSTIN	SECRETARY	1.00	Officer Director	$0	$0	$0
NIELS JENSEN	TREASURER	1.00	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	$292,987	$306,597	$884,493	$-13,610
2024	$285,156	$300,829	$874,636	$-15,673
2023	$278,339	$270,308	$810,932	$8,031
2022	$290,394	$268,802	$745,727	$21,592
2021	$227,789	$191,883	$810,578	$35,906
2020	$227,610	$221,403	$706,351	$6,207
2019	$300,192	$263,723	$700,918	$36,469

GREAT LAKES CRUISING CLUB