PAW PAW LAKE YACHT CLUB

EIN: 386039329

COLOMA, MI

Total Revenue
$166,075
Total Expenses
$103,432
Total Assets
$535,148
Net Assets
$534,648
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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
1955
Legal Domicile
MI
Principal Officer
TIM SHEEHAN
Phone
2694686300
Tax Period
2024-01-01 to 2024-12-31

PAW PAW LAKE YACHT CLUB, founded in 1955, is a small nonprofit that reported $166K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 38% operating margin.

Mission

TO PROMOTE THE PARTICIPATION AND ENJOYMENT OF YACHTING, BOTH POWER AND SAIL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $97,172
Investment Income $0
Other Revenue $68,903
TOTAL REVENUE $166,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $103,432
TOTAL EXPENSES $103,432

Year-over-Year Comparison

2024 2023 Change
Revenue $166,075 $125,003 +0.3%
Expenses $103,432 $108,806 0.0%
Net Income $62,643 $16,197 +2.9%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANE BLATCHFORD REAR COMMODO N/A
Officer
$0 $0 $0
GINA CARUSO VICE COMMODO N/A
Officer
$0 $0 $0
PHILLIP KAUFMAN CURRENT TREA N/A
Officer
$0 $0 $0
COLLEEN RIORDAN PAST COMMODO N/A
Officer
$0 $0 $0
JOANNE RUSH SECRETARY N/A
Officer
$0 $0 $0
TIM SHEEHAN COMMODORE N/A
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 $166,075 $103,432 $535,148 $62,643
2023 $125,003 $108,806 $476,555 $16,197
2022 $131,980 $88,681 $459,508 $43,299
2021 $136,670 $67,373 $414,309 $69,297
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