ANCHOR BOAT CLUB (EIN 370608314) - 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

1947

Legal Domicile

Principal Officer

MIKE COVEY

Phone

2175291174

Tax Period

2024-01-01 to 2024-12-31

ANCHOR BOAT CLUB, founded in 1947, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $34K, a strong 16% operating margin.

Mission

TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR THE MEMBERSHIP.

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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 $34,864

Program Service Revenue $0

Investment Income $1,888

Other Revenue $181,924

TOTAL REVENUE $218,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $184,619

TOTAL EXPENSES $184,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,676	$242,298	-0.1%
Expenses	$184,619	$130,853	+0.4%
Net Income	$34,057	$111,445	-0.7%

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

180

Independent Members

180

Employees

N/A

Volunteers

180

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
MIKE COVEY	PRESIDENT	N/A	Officer	$0	$0	$0
LISA DYER	RECORDING SE	N/A	Officer	$0	$0	$0
JOHN HAWKINS	FINANCIAL SE	N/A	Officer	$0	$0	$0
JEFF ROSS	BAR CHAIRMAN	N/A	Officer	$0	$0	$0
ERIC STALEY	TREASURER	N/A	Officer	$0	$0	$0
BRETT TACKETT	VICE PRESIDE	N/A	Officer	$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	$218,676	$184,619	$753,044	$34,057
2023	$242,298	$130,853	$718,987	$111,445
2022	$151,501	$122,440	$664,651	$29,061
2022	$149,168	$122,440	$665,409	$26,728
2021	$146,743	$103,871	$711,005	$42,872
2021	$143,653	$103,871	$707,915	$39,782
2020	$89,259	$78,134	$688,730	$11,125
2019	$144,820	$94,348	$687,396	$50,472
2018	$115,897	$85,389	$645,276	$30,508

ANCHOR BOAT CLUB