ILLINOIS VALLEY YACHT & CANOE 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

1907

Legal Domicile

Principal Officer

TIM WARD

Phone

3096824519

Tax Period

2024-10-01 to 2025-09-30

ILLINOIS VALLEY YACHT & CANOE CLUB, founded in 1907, is a small nonprofit that reported $392K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

FOR THE PURPOSE OF PROMOTING AND PROVIDING ACTIVITIES PERTAINING TO WATER SPORTS

Program Service Accomplishments

Program 1

Expenses: $268,356

TO PROVIDE SERVICES TO THE MEMBERS IN THE FORM OF SOCIAL, BOATING, AND OTHER WATER SPORT ACTIVITY

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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 $63,876

Program Service Revenue $323,260

Investment Income $0

Other Revenue $4,475

TOTAL REVENUE $391,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,774

Fundraising Expenses $0

Program Expenses $268,356

Other Expenses $324,345

TOTAL EXPENSES $404,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,611	$418,098	-0.1%
Expenses	$404,119	$387,918	+0.0%
Net Income	$-12,508	$30,180	-1.4%

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

N/A

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
PETE BENNETT	PAST COMMODORE	5.00	Director	$0	$0	$0
TIM WARD	COMMODORE	5.00	Officer Director	$0	$0	$0
BOB ROBERTSON	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
TONY DELOTIS	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
BRUCE THIEMAN	DIRECTOR	5.00	Director	$0	$0	$0
JEFF HERMANN	DIRECTOR	5.00	Director	$0	$0	$0
DAVE MONROE	DIRECTOR	5.00	Director	$0	$0	$0
PAM SWANSON	DIRECTOR	5.00	Director	$0	$0	$0
ROGER HUBER	DIRECTOR	5.00	Director	$0	$0	$0
BOB FULLER	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN KINNE	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW FEINHOLZ	DIRECTOR	5.00	Director	$0	$0	$0
RICK GEBHARDT	DIRECTOR	5.00	Director	$0	$0	$0
KATHY PABON	DIRECTOR	5.00	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
2025	$391,611	$404,119	$624,124	$-12,508
2024	$418,098	$387,918	$725,654	$30,180
2023	$320,496	$398,206	$729,292	$-77,710
2022	$531,952	$496,367	$833,206	$35,585
2021	$527,496	$474,267	$836,316	$53,229
2020	$332,264	$466,903	$811,557	$-134,639
2019	$459,013	$486,993	$968,469	$-27,980