MUSKEGON YACHT CLUB (EIN 380861385) - 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

1934

Legal Domicile

Principal Officer

LARRY TAUNT

Phone

2317551414

Tax Period

2024-01-01 to 2024-12-31

MUSKEGON YACHT CLUB, founded in 1934, is a small nonprofit that reported $701K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

ORGANIZATION SEEKS TO PROMOTE AND SPONSOR THE DEVELOPMENT OF NONCOMMERCIAL WATERCRAFT; PROVIDE & MAINTAIN CLUB FACILITIES AND SOCIAL QUARTERS FOR ITS MEMBERS; ORGANIZE AND PROMOTE REGATTAS AND BOAT RACES.

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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 $73,320

Program Service Revenue $602,311

Investment Income $655

Other Revenue $24,957

TOTAL REVENUE $701,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,444

Fundraising Expenses $0

Other Expenses $494,926

TOTAL EXPENSES $754,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,243	$789,048	-0.1%
Expenses	$754,370	$767,016	0.0%
Net Income	$-53,127	$22,032	-3.4%

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

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

$60,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BLUM	COMMODORE	2.00	Officer Director	$0	$0	$0
CATHY LINDLAND-YOUNG	VICE COMMODO	2.00	Officer Director	$0	$0	$0
CLARK MILLER	REAR COMMORO	2.00	Director	$0	$0	$0
KEVIN MOORE	PAST COMMODO	2.00	Officer Director	$0	$0	$0
KAREN GARVEY	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY TAUNT	TREASURER	2.00	Officer Director	$0	$0	$0
JEREMY COX	DIRECTOR	2.00	Director	$0	$0	$0
JIM WUJKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
ANN PIERCE	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOPHER HOFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
MASHALL LYSTRA	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN PETERS	BUSINESS MAN	35.00	Officer	$55,663	$5,151	$60,814

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	$701,243	$754,370	$1,034,649	$-53,127
2023	$789,048	$767,016	$1,488,157	$22,032
2022	$933,614	$886,595	$1,594,218	$47,019
2021	$1,035,624	$965,507	$1,766,484	$70,117
2020	$666,571	$603,380	$1,942,275	$63,191
2019	$601,545	$628,320	$1,729,762	$-26,775
2018	$651,633	$638,637	$1,858,959	$12,996

MUSKEGON YACHT CLUB