LITTLE TRAVERSE YACHT CLUB (EIN 381866922) - 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

1962

Legal Domicile

Principal Officer

KEVIN LARSON

Phone

2315267919

Tax Period

2024-01-01 to 2024-12-31

LITTLE TRAVERSE YACHT CLUB, founded in 1962, is a small nonprofit in the Recreation & Sports sector that reported $636K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $569K left a modest 11% surplus.

Mission

PROMOTION OF BOATING & WATER SPORTS ACTIVITIES.

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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 $612,934

Investment Income $17,239

Other Revenue $5,979

TOTAL REVENUE $636,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,023

Fundraising Expenses $0

Other Expenses $344,988

TOTAL EXPENSES $569,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,152	$528,956	+0.2%
Expenses	$569,011	$494,056	+0.2%
Net Income	$67,141	$34,900	+0.9%

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

120

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
SEAN O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BERRYMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBI SCHOENHERR	DIRECTOR	2.00	Director	$0	$0	$0
BETH VARNER	DIRECTOR	2.00	Director	$0	$0	$0
TOM MEIJER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN LARSON	COMMODORE & DIRECTOR	4.00	Officer Director	$0	$0	$0
DUNNE SAAL	VICE COMMODORE & DIRECTOR	4.00	Officer Director	$0	$0	$0
JAN MANCINELLI	TREASURER & DIRECTOR	4.00	Officer Director	$0	$0	$0
GEORGE PEET	REAR COMMODORE & DIRECTOR	4.00	Officer 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	$636,152	$569,011	$868,396	$67,141
2023	$528,956	$494,056	$800,063	$34,900
2022	$555,856	$492,125	$765,834	$63,731
2021	$497,216	$399,894	$714,072	$97,322
2020	$348,690	$383,615	$675,540	$-34,925
2019	$510,990	$404,920	$727,204	$106,070
2018	$425,439	$343,414	$623,237	$82,025

LITTLE TRAVERSE YACHT CLUB