MONROE BOAT CLUB INC (EIN 381514132) - 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

1947

Legal Domicile

Principal Officer

ANTHONY SCHIPPA

Phone

7342438935

Tax Period

2023-10-01 to 2024-09-30

MONROE BOAT CLUB INC, founded in 1947, is a small nonprofit that reported $435K in total revenue in fiscal year 2023. Expenses of $385K left a modest 12% surplus.

Mission

THE EMEMPT PUPOSE OF MONROE BOAT CLUB IS THE PROMOTION, PROTECTION, AND ENCOURAGEMENT OF BOATING FOR PLEASURE AND SPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $163,963

Program Service Revenue $158,149

Investment Income $5,102

Other Revenue $107,996

TOTAL REVENUE $435,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,180

Fundraising Expenses $0

Other Expenses $303,399

TOTAL EXPENSES $384,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,210	$410,665	+0.1%
Expenses	$384,579	$360,971	+0.1%
Net Income	$50,631	$49,694	+0.0%

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

392

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SCHIPPA	COMMODORE	10.00	Officer Director	$0	$0	$0
DAVE VOLKER	VICE COMMODO	10.00	Officer Director	$0	$0	$0
CARL LAURA	REAR LAURA	10.00	Officer Director	$0	$0	$0
FRED HOITASH	RECORDING SE	10.00	Officer Director	$0	$0	$0
LANCE PIEDMONTE	TREASURER	10.00	Officer Director	$3,000	$0	$3,000
TRISH SOTO	FINANCIAL SE	4.00	Officer Director	$0	$0	$0
RUSS MOORE	POWER FLEET	4.00	Officer Director	$0	$0	$0
ANDREW DEVENISH	SAIL FLEET C	4.00	Officer Director	$0	$0	$0
AARON GOLDSMITH	DOCKMASTER	10.00	Officer Director	$0	$0	$0
DUSTIN DIEHL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
CARL BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVE RYAN	DIRECTOR	2.00	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	$435,210	$384,579	$2,202,540	$50,631
2023	$410,665	$360,971	$2,149,721	$49,694
2022	$389,277	$324,786	$2,099,170	$64,491
2021	$344,785	$251,774	$2,034,679	$93,011
2020	$317,222	$247,414	$1,935,699	$69,808
2019	$411,696	$330,425	$1,983,540	$81,271

MONROE BOAT CLUB INC