GRAND RAPIDS YACHT CLUB (EIN 380593955) - 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

1931

Legal Domicile

Principal Officer

JASON PURSELL

Phone

6167840294

Tax Period

2024-10-01 to 2025-09-30

GRAND RAPIDS YACHT CLUB, founded in 1931, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Net assets of $700K represent 34 months of operating reserves.

Mission

TO PROMOTE SAILING, ONE DESIGN SAILBOAT RACING, AND SOCIAL INTERACTION OF OUR 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 $220,877

Program Service Revenue $64

Investment Income $8,527

Other Revenue $21,181

TOTAL REVENUE $250,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,545

Fundraising Expenses $0

Other Expenses $209,743

TOTAL EXPENSES $255,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,649	$242,274	+0.0%
Expenses	$255,288	$234,449	+0.1%
Net Income	$-4,639	$7,825	-1.6%

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

Governance

Voting Members

Independent Members

Employees

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

$13,000

Total Directors

$13,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON PURSELL	COMMODORE	10.00	Officer Director	$0	$0	$0
J KEITH COUNCELL	VICE-COMMODORE	5.00	Officer Director	$0	$0	$0
SALLY BERENS	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
BRETT ZYLSTRA	DIRECTOR	5.00	Director	$0	$0	$0
MIKE WEESSIES	DIRECTOR/ SECRETARY	5.00	Director	$0	$0	$0
MINDY MILLER	DIRECTOR	5.00	Director	$0	$0	$0
JOHN TIMMERMANS	DIRECTOR	5.00	Director	$0	$0	$0
RANDY MEULENBERG	DIRECTOR	5.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
ALLAN VOREL	TREASURER	10.00	Officer Director	$13,000	$0	$13,000
JOEL STOUTEN	DIRECTOR	5.00	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
2025	$250,649	$255,288	$700,746	$-4,639
2024	No data	No data	No data	No data
2023	$237,430	$232,265	$707,388	$5,165
2022	$228,462	$214,973	$703,624	$13,489
2021	$219,137	$196,349	$691,347	$22,788
2020	$189,875	$170,130	$655,176	$19,745
2019	$203,137	$178,095	$623,377	$25,042

GRAND RAPIDS YACHT CLUB