NEW BEDFORD YACHT CLUB FOUNDATION INC

EIN: 371694088 501(c)(3) Unknown

DARTMOUTH, MA

Total Revenue
$269,761
Total Expenses
$263,703
Total Assets
$227,600
Net Assets
$227,600
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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
2012
Legal Domicile
MA
Principal Officer
DONALD WATSON
Phone
5089970762
Tax Period
2024-01-01 to 2024-12-31

NEW BEDFORD YACHT CLUB FOUNDATION INC, founded in 2012, is a small nonprofit in the Unknown sector that reported $270K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE, DEVELOP, MAINTAIN, AND OVERSEE A SAILING SCHOOL; TO ENGAGE IN THE PROMOTION AND DEVELOPMENT OF SAILING ACTIVITIES; AND TO DEVELOP AND ENGAGE IN INSTRUCTIONAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS RELATED TO SAILING IN THE TOWN OF DARTMOUTH, MASSACHUSETTS.TO PRESERVE AND PROTECT OLD AND HISTORIC BUILDINGS IN DARTMOUTH, MASSACHUSETTS, INCLUDING SPECIFICALLY THE CLUBHOUSE OF THE NEW BEDFORD YACHT CLUB, IN ORDER TO PERPETUATE THE FURTHER EDUCATION OF POSTERITY WITH REGARD TO THE ARCHITECTURAL, HISTORIC, AND GENERAL CULTURAL HERITAGE OF THE DARTMOUTH AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,095
Program Service Revenue $228,595
Investment Income $-5,401
Other Revenue $-528
TOTAL REVENUE $269,761

Expense Breakdown

Grants Paid $230,095
Salaries & Benefits $0
Fundraising Expenses $482
Program Expenses $256,585
Other Expenses $33,608
TOTAL EXPENSES $263,703

Year-over-Year Comparison

2024 2023 Change
Revenue $269,761 $237,876 +0.1%
Expenses $263,703 $241,608 +0.1%
Net Income $6,058 $-3,732 -2.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD WATSON PRESIDENT 5.00
Officer Director
$0 $0 $0
MICHELLE HOYT TREASURER 3.50
Officer Director
$0 $0 $0
PETER DURANT ASSISTANT TREASURER 2.50
Officer Director
$0 $0 $0
KELLY WILBUR CLERK 2.50
Officer Director
$0 $0 $0
PAUL ADAM DIRECTOR 0.50
Director
$0 $0 $0
DAVID ADELBERG DIRECTOR 0.50
Director
$0 $0 $0
RICHARD ARMSTRONG DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL CALLAHAN DIRECTOR 0.50
Director
$0 $0 $0
CHRIS FAIRFAX DIRECTOR 0.50
Director
$0 $0 $0
FELICITY HOYT DIRECTOR 0.50
Director
$0 $0 $0
BLAIR TRACY DIRECTOR 0.50
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 $269,761 $263,703 $227,600 $6,058
2023 $237,876 $241,608 $221,542 $-3,732
2022 $345,040 $251,934 $220,538 $93,106
2021 $303,820 $302,823 $127,432 $997
2019 $230,850 $219,513 $122,450 $11,337
2018 $196,283 $182,620 $111,113 $13,663
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