GROSSE ILE YACHT CLUB (EIN 381302367) - 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

1935

Legal Domicile

Principal Officer

ERIK HEILMAN

Phone

7346760211

Tax Period

2024-01-01 to 2024-12-31

GROSSE ILE YACHT CLUB, founded in 1935, is a small nonprofit that reported $915K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FOSTER AND STIMULATE INTEREST IN AND AID THE MEMBERS TO IMPROVE THEIR KNOWLEDGE IN THE ART OF BOATING AND NAVIGATION OF BOATS; TO PROMOTE SOCIALABILITY AMONG THEIR MEMBERS, FAMILIES AND FRIENDS.

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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 $0

Program Service Revenue $906,612

Investment Income $8,448

Other Revenue $0

TOTAL REVENUE $915,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,480

Fundraising Expenses $0

Other Expenses $806,515

TOTAL EXPENSES $923,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$915,060	$770,893	+0.2%
Expenses	$923,995	$826,917	+0.1%
Net Income	$-8,935	$-56,024	-0.8%

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

148

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
BRIAN ATHEY	DIRECTOR	N/A	Director	$0	$0	$0
BETH BAKER	DIRECTOR	N/A	Director	$0	$0	$0
JEFF BROWER	DIRECTOR	N/A	Director	$0	$0	$0
ALEC CHABALOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL FLUEGEMANN	DIRECTOR	N/A	Director	$0	$0	$0
ERIK HEILMAN	FINANCE	N/A	Director	$0	$0	$0
ANTHONY LAGINA	DIRECTOR	N/A	Director	$0	$0	$0
WES PAISLEY	DIRECTOR	N/A	Director	$0	$0	$0
JIM FERGUSON	VICE COMMODO	N/A	Officer	$0	$0	$0
JANET JOYCE	SECRETARY	N/A	Officer	$0	$0	$0
ANDY MORRISON	COMMODORE	N/A	Officer	$0	$0	$0
KEVIN PORTER	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	$915,060	$923,995	$947,332	$-8,935
2023	$770,893	$826,917	$983,776	$-56,024
2022	$822,447	$849,405	$1,028,899	$-26,958
2021	$1,005,466	$859,879	$1,075,981	$145,587
2020	$627,057	$705,204	$948,787	$-78,147
2019	$834,690	$876,810	$975,784	$-42,120
2018	$818,388	$858,484	$1,048,397	$-40,096

GROSSE ILE YACHT CLUB