MACKINAC ISLAND YACHT CLUB (EIN 380781885) - 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

1937

Legal Domicile

Principal Officer

NICOLE ROBB

Phone

9068473363

Tax Period

2024-01-01 to 2024-12-31

MACKINAC ISLAND YACHT CLUB, founded in 1937, is a small nonprofit that reported $574K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $551K left a modest 4% surplus.

Mission

TO PROVIDE A MEANS FOR MEMBERS TO GATHER TOGETHER AND SHARE SOCIAL EXPERIENCES ON MACKINAC ISLAND. THE COMMON INTEREST OF THE MEMBERSHIP IS AN APPRECIATION OF AND PARTICIPATION IN THE PROMOTION OF YACHTING AND OTHER BOATING ACTIVITIES ON THE GREAT LAKES.

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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 $158,710

Program Service Revenue $233,640

Investment Income $4,112

Other Revenue $177,893

TOTAL REVENUE $574,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,245

Fundraising Expenses $0

Program Expenses $541,979

Other Expenses $280,911

TOTAL EXPENSES $551,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,355	$511,219	+0.1%
Expenses	$551,156	$495,905	+0.1%
Net Income	$23,199	$15,314	+0.5%

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

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
DARREN PAINTER	TREASURER	5.00	Officer	$0	$0	$0
NICOLE ROBB	COMMODORE	5.00	Officer	$0	$0	$0
MICHAEL HEGARTY JR	VICE COMMODORE	5.00	Officer	$0	$0	$0
RICHARD SCHILLER	SECRETARY	5.00	Officer	$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	$574,355	$551,156	$682,735	$23,199
2023	$511,219	$495,905	$636,646	$15,314
2022	$495,342	$530,496	$595,795	$-35,154
2021	$458,006	$457,291	$655,159	$715
2020	$276,408	$361,897	$635,999	$-85,489
2019	$444,276	$416,280	$728,906	$27,996
2018	$376,248	$376,878	$663,278	$-630

MACKINAC ISLAND YACHT CLUB