ISLAND BAY YACHT CLUB (EIN 370609211) - 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

1935

Legal Domicile

Principal Officer

KATHY RIDLEY

Phone

2175295418

Tax Period

2024-10-01 to 2025-09-30

ISLAND BAY YACHT CLUB, founded in 1935, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 8% surplus.

Mission

TO ENCOURAGE AND FOSTER THE SPORT OF SAILING, YACHTING AND OTHER WHOLESOME RECREATION AND TO PROMOTE FELLOWSHIP AMONG ITS MEMBERS.

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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 $2,186,446

Program Service Revenue $135,793

Investment Income $29,234

Other Revenue $761,467

TOTAL REVENUE $3,112,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,686,359

Fundraising Expenses $0

Other Expenses $1,180,794

TOTAL EXPENSES $2,867,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,112,940	$2,882,100	+0.1%
Expenses	$2,867,153	$2,640,454	+0.1%
Net Income	$245,787	$241,646	+0.0%

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

140

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
JEFF COX	DIRECTOR	1.00	Director	$0	$0	$0
ALEX RABIN	PAST COMMODORE	1.00	Officer Director	$0	$0	$0
KATHY RIDLEY	COMMODORE	3.00	Officer Director	$0	$0	$0
KEN DAY	TREASURER	7.00	Officer Director	$0	$0	$0
LJ POWELL	VICE COMMODORE	2.00	Officer Director	$0	$0	$0
MIKE REISINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
TREVOR WALLNER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MISSY GRADY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE S JOHNSON	REAR COMMODORE	2.00	Officer Director	$0	$0	$0
BRANDI STRADER	DIRECTOR	1.00	Director	$0	$0	$0
GREG JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NICKEY SPERRY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TREGONING	GENERAL MANAGER	40.00	Highest	$114,788	$12,375	$127,163

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	$3,112,940	$2,867,153	$5,202,495	$245,787
2024	$2,882,100	$2,640,454	$5,131,462	$241,646
2023	$2,704,710	$2,804,802	$4,874,681	$-100,092
2022	$2,540,644	$2,602,125	$5,104,323	$-61,481
2021	$2,764,221	$2,230,502	$5,405,974	$533,719
2020	$2,254,596	$2,187,166	$4,799,975	$67,430

ISLAND BAY YACHT CLUB