PORT HURON YACHT CLUB INC (EIN 381642000) - 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

1954

Legal Domicile

Phone

8109879395

Tax Period

2023-01-01 to 2023-12-31

PORT HURON YACHT CLUB INC, founded in 1954, is a small nonprofit that reported $556K in total revenue in fiscal year 2023. The organization ran a surplus of $100K, a strong 18% operating margin.

Mission

PROMOTE GREAT LAKES SAILING; PROMOTE WATER SAFETY AND SAFE BOATING; FOSTER SAILING COMPETITION AMONG MEMBERS AND MEMBERS OF OTHER SAILING CLUBS.

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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 $187,489

Program Service Revenue $287,742

Investment Income $6,555

Other Revenue $74,695

TOTAL REVENUE $556,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $456,806

Other Expenses $456,806

TOTAL EXPENSES $456,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,481	$518,012	+0.1%
Expenses	$456,806	$385,049	+0.2%
Net Income	$99,675	$132,963	-0.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

125

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
JODY SMITH	Director	2.00	Director	$0	$0	$0
BRIAN CANN	Director	2.00	Director	$0	$0	$0
BRAD DRISCOLL	Director	2.00	Director	$0	$0	$0
SAM PILLSBURY	Director	2.00	Director	$0	$0	$0
RICK SHINSKE	Director	2.00	Director	$0	$0	$0
CHUCK MCMILLAN	Director	2.00	Director	$0	$0	$0
SCOTT AUSTIN	Director	2.00	Director	$0	$0	$0
TYSON CONNOLLY	Commodore	8.00	Officer	$0	$0	$0
DOUG LOWE	Vice Commodore	8.00	Officer	$0	$0	$0
JEREMY THOMPSON	Rear Commodore	8.00	Officer	$0	$0	$0
ROBERT MOAK	Secretary	2.00	Officer	$0	$0	$0
DENISE KULAS	Treasurer	8.00	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
2024	No data	No data	No data	No data
2023	$556,481	$456,806	$2,767,461	$99,675
2022	$518,012	$385,049	$2,728,404	$132,963
2021	$423,333	$328,224	$2,638,728	$95,109
2020	$355,182	$254,015	$2,598,658	$101,167

PORT HURON YACHT CLUB INC