THE CRYSTAL LAKE YACHT CLUB OF FRANKFORT MICHIGAN (EIN 381246558) - 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

1931

Legal Domicile

Principal Officer

REED BRELAND

Tax Period

2024-01-01 to 2024-12-31

THE CRYSTAL LAKE YACHT CLUB OF FRANKFORT MICHIGAN, founded in 1931, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Net assets of $706K represent 33 months of operating reserves.

Mission

SAILING & SOCIAL 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 (2024)

Revenue Breakdown

Contributions & Grants $2,655

Program Service Revenue $211,436

Investment Income $0

Other Revenue $43,662

TOTAL REVENUE $257,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,570

Fundraising Expenses $0

Other Expenses $158,224

TOTAL EXPENSES $261,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,753	$258,397	0.0%
Expenses	$261,794	$301,823	-0.1%
Net Income	$-4,041	$-43,426	-0.9%

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

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
REED BRELAND	TREASURER	N/A	Officer Director	$0	$0	$0
JAN FIOLA	DIRECTOR	N/A	Director	$0	$0	$0
JUDY GROULX	DIRECTOR	N/A	Director	$0	$0	$0
MISSY MCCORMICK	SECRETARY	N/A	Officer Director	$0	$0	$0
JIM MCMILLIAN	DIRECTOR	N/A	Director	$0	$0	$0
KENT MORRIS	TREASURER	N/A	Officer Director	$0	$0	$0
GAIL OLSEN	VICE COMMODO	N/A	Officer Director	$0	$0	$0
MARVIN PETERSON	FLEET CAPTAI	N/A	Officer Director	$0	$0	$0
ANNE CUNNINGHAM PUGH	DIRECTOR	N/A	Director	$0	$0	$0
HANNAH SMITH	DIRECTOR	N/A	Director	$0	$0	$0
GRETA WILLIAMS	DIRECTOR	N/A	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	$257,753	$261,794	$720,628	$-4,041
2023	$258,397	$301,823	$717,139	$-43,426
2022	$227,496	$218,350	$719,126	$9,146
2021	$181,013	$171,798	$699,466	$9,215
2020	$146,500	$135,153	$611,940	$11,347
2019	$194,286	$188,589	$608,184	$5,697
2018	$171,149	$166,354	$594,320	$4,795

THE CRYSTAL LAKE YACHT CLUB OF FRANKFORT MICHIGAN