THE SOUTH HAVEN YACHT CLUB (EIN 381052945) - 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

1940

Legal Domicile

Principal Officer

TARA NULTY

Phone

2696372305

Tax Period

2023-10-01 to 2024-09-30

THE SOUTH HAVEN YACHT CLUB, founded in 1940, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 3% surplus.

Mission

THE MISSION OF SHYC IS TO (1) PROMOTE MEMBER INVOLVEMENT IN THE FURTHERING OF BOATING, (2) PROMOTE BOATING SAFELY IN A HEALTHY AND CULTURALLY ENRICHING MANNER, (3) PROVIDE MEMBER SERVICES IN AN EFFICIENT, ECONOMICAL AND PROFESSIONAL MANNER, AND (4) PRESERVE THE PROPERTY, HISTORY AND RICH HERITAGE OF THE CLUB.

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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 $0

Program Service Revenue $1,632,667

Investment Income $12,766

Other Revenue $11,176

TOTAL REVENUE $1,656,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,732

Fundraising Expenses $0

Program Expenses $1,572,593

Other Expenses $1,096,566

TOTAL EXPENSES $1,605,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,656,609	$1,656,287	+0.0%
Expenses	$1,605,298	$1,622,028	0.0%
Net Income	$51,311	$34,259	+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

300

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
ELIZABETH BERNHARD	SECRETARY	4.00	Officer Director	$0	$0	$0
STACEY GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HAYWOOD	VICE COMMODO	3.00	Officer Director	$0	$0	$0
DAN JOHNSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA L KOZICKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE LANDRY	BOARD MEMBER	3.00	Director	$0	$0	$0
LAURA MARCY	TREASURER	10.00	Officer Director	$0	$0	$0
TARA NULTY	COMMODORE	15.00	Officer Director	$0	$0	$0
LEE UTKE	PAST COMMODO	1.00	Director	$0	$0	$0
TRISTAN WILSON	BOARD MEMBER	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
2024	$1,656,609	$1,605,298	$2,295,633	$51,311
2023	$1,656,287	$1,622,028	$2,294,427	$34,259
2022	$1,812,776	$1,588,837	$2,350,984	$223,939
2021	$1,416,062	$1,116,285	$2,298,481	$299,777

THE SOUTH HAVEN YACHT CLUB