Danville Boat Club (EIN 370749473) - 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

1937

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Danville Boat Club, founded in 1937, is a small nonprofit that reported $197K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 14% operating deficit.

Mission

Private social club

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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 $57,211

Program Service Revenue $0

Investment Income $24

Other Revenue $139,712

TOTAL REVENUE $196,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,424

Fundraising Expenses $0

Other Expenses $118,125

TOTAL EXPENSES $224,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,947	$247,365	-0.2%
Expenses	$224,549	$234,430	0.0%
Net Income	$-27,602	$12,935	-3.1%

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

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
Steve Starkey	Director	2.00	Director	$0	$0	$0
Karen McGinnis	Director	2.00	Director	$0	$0	$0
Jack Antonini	Past Commodore	5.00	Director	$0	$0	$0
Jon Lescak	Director	2.00	Director	$0	$0	$0
Lisa Mitchell	Director	2.00	Director	$0	$0	$0
Ron Reich	First Vice Commodore	5.00	Officer Director	$0	$0	$0
Deb Fridy	CommodorePresident	5.00	Officer Director	$0	$0	$0
Becky Albin	SecretaryTreasurer	10.00	Officer Director	$0	$0	$0
Jeffrey OBrien	Second Vice Commodore	2.00	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
2024	$196,947	$224,549	$293,967	$-27,602
2023	$247,365	$234,430	$362,870	$12,935
2022	$190,068	$213,196	$357,164	$-23,128
2021	$135,234	$148,352	$343,535	$-13,118

Danville Boat Club