GROSSE POINTE YACHT CLUB (EIN 380613000) - 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

1938

Legal Domicile

Principal Officer

JAMES DEMASSE

Phone

3138842500

Tax Period

2023-10-01 to 2024-09-30

GROSSE POINTE YACHT CLUB, founded in 1938, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $21.3M represent 31 months of operating reserves.

Mission

PREMIER PRIVATE YACHT CLUB THAT PROVIDES HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $193,028

Program Service Revenue $7,427,232

Investment Income $332,771

Other Revenue $247,519

TOTAL REVENUE $8,200,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,537,587

Fundraising Expenses $0

Other Expenses $4,977,340

TOTAL EXPENSES $8,514,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,200,550	$13,665,138	-0.4%
Expenses	$8,514,927	$9,282,602	-0.1%
Net Income	$-314,377	$4,382,536	-1.1%

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

332

Volunteers

N/A

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
WILLIAM J DILLON	COMMODORE	1.00	Officer Director	$0	$0	$0
ROBERT V WEILAND	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
DAVID M SCHADEN	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
BRUCE G KNAPP	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE SOBOLEWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER G BEAUREGARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER GLEASON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER IZZI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BACKER JR	DIRECTOR	1.00	Director	$0	$0	$0
KURT SALDANA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM TURNER	DIRECTOR	1.00	Director	$0	$0	$0
AARON WAGNER	GENERAL MANAGER	40.00	Highest	$286,586	$25,229	$311,815
ERIC VOIGT	EXECUTIVE CHEF	40.00	Highest	$156,091	$23,182	$179,273
JAMES DEMASSE	CFO	40.00	Highest	$202,000	$23,970	$225,970
SEAN BROWN	ASSISTANT GENERAL MANAGER	40.00	Highest	$173,051	$22,653	$195,704

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	$8,200,550	$8,514,927	$32,797,853	$-314,377
2023	$13,665,138	$9,282,602	$34,965,812	$4,382,536
2022	$7,965,180	$7,642,027	$30,388,705	$323,153
2021	$7,576,966	$5,387,712	$24,549,179	$2,189,254
2020	$6,267,610	$6,430,583	$22,864,904	$-162,973
2019	$6,940,718	$6,713,801	$23,222,818	$226,917

GROSSE POINTE YACHT CLUB