Edison Boat Club

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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

1914

Legal Domicile

Principal Officer

Darlene Husband

Phone

2483277949

Tax Period

2019-01-01 to 2019-12-31

Edison Boat Club, founded in 1914, is a micro nonprofit in the Recreation & Sports sector that reported $51K in total revenue in fiscal year 2019. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 324% operating deficit.

Mission

Stimulate Interest in Boating

Program Service Accomplishments

Program 1

Expenses: $113,636 Revenue: $2,582

Maintain Docking/Boating Storage Facilities for members to facilitate comradery, information sharing and promote interest in the sport of boating.

Program 2

Expenses: $13,076

Purchase of Boat Equipment,Performance of boat Maintenance, Depreciation and Insurance on club boats and HOsting organized regattas in support of sailing education to increase member's boating skills...

Program 3

Committee Activities, Dances, Receptions, Sailing Regattas, Organized Boating Events and Seminars to promote social interaction among members and others interested in promoting the sport of boating...

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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 (2019)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $12,237

Investment Income $-8,609

Other Revenue $32,558

TOTAL REVENUE $51,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,712

Other Expenses $217,049

TOTAL EXPENSES $217,049

Year-over-Year Comparison

	2019	2018	Change
Revenue	$51,186	$292,518	-0.8%
Expenses	$217,049	$274,819	-0.2%
Net Income	$-165,863	$17,699	-10.4%

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

N/A

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
Wendell Brown	Director	5.00	Director	$0	$0	$0
Robert Bailey	Director	5.00	Director	$0	$0	$0
Kelly Fedele	Director	5.00	Director	$0	$0	$0
Joseph Sharp	Director	5.00	Director	$0	$0	$0
Karen Bourdage	Commodore	15.00	Officer	$0	$0	$0
Robert Bacyinski	Vice Commodore	15.00	Officer	$0	$0	$0
Clemmie Marshall	Rear Commodore	15.00	Officer	$0	$0	$0
Darlene Husband	Treasurer	15.00	Officer	$0	$0	$0
John Loftus	Secretary	15.00	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
2019	$51,186	$217,049	$187,968	$-165,863
2018	$292,518	$274,819	$353,828	$17,699