MACKINAC ISLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE OBJECTIVE AND PURPOSE OF THE ORGANIZATION IS FOR THE SOCIAL PLEASURE AND ENTERTAINMENT OF ITS MEMBERS, AND TO FOSTER, DEVELOP, AND ENCOURAGE CORINTHIAN YACHTING ON THE GREAT LAKES AND INLAND WATERS AND TRIBUTARIES THERETO, IN THE UNITED STATES OF AMERICA.
PROVIDE FOR THE SOCIAL PLEASURE AND ENTERTAINMENTOF 310 CLUB MEMBERS. THE CLUB'S MEMBERSHIP TURNOVER RATIO IS LESS THAN 3% ANNUALLY. THE CLUB MAINTAINS THE CLUBHOUSE, A PERIOD COTTAGE OVERLOOKING THE...
PROVIDE FOR THE SOCIAL PLEASURE AND ENTERTAINMENTOF 310 CLUB MEMBERS. THE CLUB'S MEMBERSHIP TURNOVER RATIO IS LESS THAN 3% ANNUALLY. THE CLUB MAINTAINS THE CLUBHOUSE, A PERIOD COTTAGE OVERLOOKING THE STRAITS OF MACKINAC FOR THE PURPOSE OF PROVIDING A LOCATION FOR THE MEMBERSHIP TO GATHER AND SOCIALIZE. THE CLUB ENCOURAGES SOCIAL GATHERINGS OF ITS MEMBERSHIP THROUGH SPONSORED MEALS AND ACTIVITIES. THE CLUB OFFERS AN AVERAGE OF 2 PLANNED MEALS PER WEEK DURING ITS SEASON, PLUS ADDITIONAL EVENTS SUCH AS BARBEQUES AND FISH FRIES. THE CLUB ALSO SPONSORS ACTIVITIES TO PROMOTE THE COMMON INTEREST OF THE MEMBERSHIP SUCH AS A NUMBER OF LOCAL SAILING RACES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare MACKINAC ISLAND YACHT CLUB with other nonprofits in Michigan and across the country.