CRESCENT SAIL YACHT CLUB (EIN 380452730) - 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

1933

Legal Domicile

Principal Officer

GLENN CURRIN

Phone

3138857575

Tax Period

2023-11-01 to 2024-10-31

CRESCENT SAIL YACHT CLUB, founded in 1933, is a small nonprofit that reported $523K in total revenue in fiscal year 2023. Expenses of $454K left a modest 13% surplus.

Mission

VOLUNTEER MEMBER MANAGED CLUB FOR SAILING EXCLUSIVELY PROVIDING A SAFE HARBOR FOR SUMMER USE OF SMALL SAILBOATS. IT PROVIDES TRAINING ON WATER SAFETY SAILBOAT HANDLING AND NAVIGATION FOR JUNIOR AND ADULTS. IN CONJUCTION WITH OTHER SIMILAR ORGANIZATIONS, IT WORKS TO SCHEDULE REGATTA AND SAILBOAT RACING EVENTS.

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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 $297,899

Program Service Revenue $208,394

Investment Income $16,364

Other Revenue $0

TOTAL REVENUE $522,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $447,284

Other Expenses $454,481

TOTAL EXPENSES $454,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$522,657	$527,275	0.0%
Expenses	$454,481	$470,218	0.0%
Net Income	$68,176	$57,057	+0.2%

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

N/A

Volunteers

200

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
GLENN CURRIN	TREASURER	N/A	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	$522,657	$454,481	$2,830,064	$68,176
2023	$527,275	$470,218	$2,852,623	$57,057
2022	$478,087	$525,998	$2,896,215	$-47,911
2021	$543,950	$389,254	$3,032,215	$154,696
2020	$430,356	$365,492	$2,961,685	$64,864
2019	$412,560	$369,010	$2,977,125	$43,550
2018	$424,249	$331,991	$3,010,420	$92,258

CRESCENT SAIL YACHT CLUB