DEVILS LAKE YACHT CLUB (EIN 381242665) - 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

1941

Legal Domicile

Principal Officer

BRENT MERCER

Phone

5175477352

Tax Period

2024-01-01 to 2024-12-31

DEVILS LAKE YACHT CLUB, founded in 1941, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

OPERATION OF YACHT CLUB FOR MEMBERS; AND TO PROVIDE GOODWILL BETWEEN BOAT OWNERS, PROPERTY OWNERS, AND FISHERMEN.

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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 $545,931

Program Service Revenue $184,948

Investment Income $5,795

Other Revenue $348,852

TOTAL REVENUE $1,085,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,311

Fundraising Expenses $0

Other Expenses $541,269

TOTAL EXPENSES $1,141,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,085,526	$1,080,394	+0.0%
Expenses	$1,141,580	$971,040	+0.2%
Net Income	$-56,054	$109,354	-1.5%

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

523

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONA CARMODY	VICE COMMODO	N/A	Officer	$0	$0	$0
MIKE CLARK	RECORDING SE	N/A	Officer	$0	$0	$0
KEITH FOURNIER	COMMODORE	N/A	Officer	$0	$0	$0
BRENT MERCER	TREASURER	N/A	Officer	$0	$0	$0
MARK SCHAFFNER	REAR COMMODO	N/A	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
2024	$1,085,526	$1,141,580	$2,761,161	$-56,054
2023	$1,080,394	$971,040	$2,811,127	$109,354
2023	$997,847	$886,509	$2,767,389	$111,338
2022	$928,996	$888,573	$2,771,354	$40,423
2021	$1,049,992	$839,307	$2,565,070	$210,685
2020	$779,145	$602,055	$2,468,340	$177,090
2019	$1,191,527	$751,241	$2,294,469	$440,286
2018	$958,473	$554,027	$1,108,061	$404,446

DEVILS LAKE YACHT CLUB