Edison Boat Club

EIN: 381234192 Recreation & Sports

Southfield, MI

Total Revenue
$51,186
Total Expenses
$217,049
Total Assets
$187,968
Net Assets
$187,965
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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
MI
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

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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