STONINGTON HARBOR YACHT CLUB INCORPORATED

EIN: 371431278 Recreation & Sports

STONINGTON, CT

Total Revenue
$1,082,248
Total Expenses
$1,182,862
Total Assets
$2,035,897
Net Assets
$-898,554
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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
2002
Legal Domicile
CT
Principal Officer
HELEN GARTEN
Phone
8605350112
Tax Period
2023-01-01 to 2023-12-31

STONINGTON HARBOR YACHT CLUB INCORPORATED, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

STONINGTON HARBOR YACHT CLUB IS A MEMBER ORGANIZATION PROMOTING EXCELLENCE IN BOATING THROUGHOUT THE COMMUNITY. THE CLUB OPERATES YEAR ROUND OFFERING A BROAD RANGE OF BOATING ACTIVITIES AND EVENTS SUCH AS RACING, CRUISING, FISHING, KAYAKING, EDUCATIONAL PROGRAMS, SOCIAL EVENTS, DOCK FACILITIES AND DINING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $715,017
Program Service Revenue $1,783
Investment Income $3,742
Other Revenue $361,706
TOTAL REVENUE $1,082,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $656,331
Fundraising Expenses $0
Other Expenses $526,531
TOTAL EXPENSES $1,182,862

Year-over-Year Comparison

2023 2022 Change
Revenue $1,082,248 $1,197,384 -0.1%
Expenses $1,182,862 $1,287,465 -0.1%
Net Income $-100,614 $-90,081 +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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
36
Volunteers
120

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE BALLARD GOVERNOR N/A
Director
$0 $0 $0
JAY BENET GOVERNOR N/A
Director
$0 $0 $0
ANN BALDELLI COMMODORE N/A
Officer Director
$0 $0 $0
TED BECK REAR COMMODO N/A
Officer Director
$0 $0 $0
JILL CORR GOVERNOR N/A
Director
$0 $0 $0
CHRIS GEFAELL GOVERNOR N/A
Director
$0 $0 $0
MATT GIMPLE GOVERNOR N/A
Director
$0 $0 $0
HELEN GARTEN TREASURER N/A
Officer Director
$0 $0 $0
RICK GIBBONS SECRETARY N/A
Officer Director
$0 $0 $0
MONICA HALLISEY FLEET CAPTAI N/A
Director
$0 $0 $0
MARK SCOTT GOVERNOR N/A
Director
$0 $0 $0
SARAH STARKWEATHER VICE COMMODO N/A
Officer Director
$0 $0 $0
TRISH WATSON QUARTERMASTE N/A
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 No data No data No data No data
2023 $1,082,248 $1,182,862 $2,035,897 $-100,614
2022 $1,197,384 $1,287,465 $2,121,402 $-90,081
2021 $1,066,596 $1,060,298 $2,289,964 $6,298
2020 $431,540 $937,158 $2,268,663 $-505,618
2019 $1,137,288 $1,205,493 $2,745,207 $-68,205
2018 $1,099,794 $1,298,399 $2,855,143 $-198,605
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