GRAND TRAVERSE YACHT CLUB (EIN 381893397) - 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

1960

Legal Domicile

Principal Officer

DARRIC NEWMAN

Phone

2319469779

Tax Period

2024-01-01 to 2024-12-31

GRAND TRAVERSE YACHT CLUB, founded in 1960, is a small nonprofit that reported $605K in total revenue in fiscal year 2024. Expenses of $583K left a modest 4% surplus.

Mission

PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING AREA.

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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 $545,603

Investment Income $2,224

Other Revenue $57,163

TOTAL REVENUE $604,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,586

Fundraising Expenses $0

Other Expenses $386,186

TOTAL EXPENSES $582,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,990	$599,518	+0.0%
Expenses	$582,772	$541,029	+0.1%
Net Income	$22,218	$58,489	-0.6%

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

N/A

Employees

Volunteers

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
EB WICKES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM PRETTYMAN	DIRECTOR	1.00	Director	$0	$0	$0
JD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON HICKS	REAR COMMODORE	4.00	Officer	$0	$0	$0
SCOT ZIMMERMAN	TREASURER	4.00	Officer	$0	$0	$0
KIM MARIAN	SECRETARY	4.00	Officer	$0	$0	$0
VERNE POWELL	PAST COMMODORE	4.00	Officer	$0	$0	$0
SAM BENDER	VICE COMMODORE	4.00	Officer	$0	$0	$0
DARRIC NEWMAN	COMMODORE	4.00	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	$604,990	$582,772	$1,415,445	$22,218
2023	$599,518	$541,029	$1,407,699	$58,489
2022	$472,760	$472,305	$1,382,528	$455
2021	$433,745	$400,116	$1,417,546	$33,629
2020	$287,815	$294,909	$1,447,434	$-7,094

GRAND TRAVERSE YACHT CLUB