THE PONTIAC YACHT CLUB

EIN: 381254659

PONTIAC, MI

Total Revenue
$147,313
Total Expenses
$175,053
Total Assets
$491,855
Net Assets
$491,855
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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
1935
Legal Domicile
MI
Principal Officer
Salo Korn
Phone
2486611095
Tax Period
2024-11-01 to 2025-10-31

THE PONTIAC YACHT CLUB, founded in 1935, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE PONTIAC YACHT CLUB IS A PRIVATE MEMBER OWNED CLUB. ITS MISSION IS TO PROVIDE RESOURCES FOR SAIL BOAT RACING STORAGE AND SOCIAL EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,699
Program Service Revenue $58,724
Investment Income $1,890
Other Revenue $0
TOTAL REVENUE $147,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,911
Fundraising Expenses $0
Program Expenses $0
Other Expenses $156,142
TOTAL EXPENSES $175,053

Year-over-Year Comparison

2024 2023 Change
Revenue $147,313 $155,437 -0.1%
Expenses $175,053 $134,216 +0.3%
Net Income $-27,740 $21,221 -2.3%
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
12
Independent Members
12
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHATURI EDRISINHA SECRETARY 4.00
Officer
$0 $0 $0
THOMAS KLABAN PRESIDENT 12.00
Officer
$0 $0 $0
SALO KORN TREASURER 10.00
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
2025 $147,313 $175,053 $491,855 $-27,740
2024 $155,437 $134,216 $519,595 $21,221
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