GREAT LAKES YACHT CLUB (EIN 381452041) - 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

1952

Legal Domicile

Principal Officer

ROB FLEMING

Phone

5867789510

Tax Period

2024-11-01 to 2025-10-31

GREAT LAKES YACHT CLUB, founded in 1952, is a small nonprofit that reported $792K in total revenue in fiscal year 2024. Expenses of $706K left a modest 11% surplus.

Mission

TO PROMOTE THE INTERESTS OF THE MEMBERS OF THE COMMUNITY WHO ENJOY SAILING AND BOATING AND PROVIDE A PLACE WHERE THEY MAY SHARE THEIR MUTUAL INTERESTS BY EQUIPPING AND PROVIDING BOATS AND OTHER FACILITIES.

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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 $778,134

Investment Income $13,169

Other Revenue $426

TOTAL REVENUE $791,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,369

Fundraising Expenses $0

Other Expenses $455,444

TOTAL EXPENSES $705,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,729	$750,798	+0.1%
Expenses	$705,813	$640,279	+0.1%
Net Income	$85,916	$110,519	-0.2%

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
JEFF FORSTER	DIRECTOR	N/A	Director	$0	$0	$0
ROB FLEMING	COMMODORE	N/A	Officer Director	$0	$0	$0
CAROL WALKER	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL BANKS	VICE COMMODO	N/A	Officer Director	$0	$0	$0
DELPHINE COOLEY	SECRETARY	N/A	Officer Director	$0	$0	$0
TOM CONLEY	DIRECTOR	N/A	Director	$0	$0	$0
BLAISE MOLITORIS	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MURDOCK	REAR COMMODO	N/A	Officer Director	$0	$0	$0
STEWART SHIPPER	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA SPINKS	MEMBER AT LA	N/A	Director	$0	$0	$0
WERNER ECKARDT	DIRECTOR	N/A	Director	$0	$0	$0
LAURA EVANS	DIRECTOR	N/A	Director	$0	$0	$0
SUSANNE GUENDELSBERGER	DIRECTOR	N/A	Director	$0	$0	$0
ERIC SCHIEBOLD	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
2025	$791,729	$705,813	$1,250,414	$85,916
2024	$750,798	$640,279	$1,142,707	$110,519
2023	$724,615	$716,783	$1,036,914	$7,832
2022	$698,079	$634,364	$1,028,879	$63,715
2021	$652,210	$562,819	$975,004	$89,391
2020	$612,770	$554,795	$875,866	$57,975

GREAT LAKES YACHT CLUB