NORTH CHANNEL YACHT CLUB (EIN 386144990) - 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

1967

Legal Domicile

Principal Officer

RICK ROMATZ

Phone

2487099224

Tax Period

2023-01-01 to 2023-12-31

NORTH CHANNEL YACHT CLUB, founded in 1967, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $356K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE A MEETING PLACE, SOCIAL RELAXATION, FELLOWSHIP AND DOCKING FACILITIES FOR MEMBERS. TO FOSTER AND STIMULATE INTEREST IN ALL FORMS OF BOATING ACTIVITY AND TO PRESERVE THE CLUB'S HISTORICAL BUILDING AND GROUNDS.

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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 $18,647

Program Service Revenue $215,797

Investment Income $536

Other Revenue $65,292

TOTAL REVENUE $300,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,796

Other Expenses $356,416

TOTAL EXPENSES $356,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,272	$369,939	-0.2%
Expenses	$356,416	$331,594	+0.1%
Net Income	$-56,144	$38,345	-2.5%

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

220

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
BRIAN FRINGER	COMMODORE	N/A	Officer	$0	$0	$0
RICK ROMATZ	VICE COMMODO	N/A	Officer	$0	$0	$0
DALE HALL	PAST COMMODO	N/A	Officer	$0	$0	$0
BILL BURKHARDT	REAR COMMODO	N/A	Officer	$0	$0	$0
CHRISTA BETTS	DIRECTOR-TRE	N/A	Director	$0	$0	$0
MARK JAVERY	DIRECTOR-SEC	N/A	Director	$0	$0	$0
PHILIP MANIACI	DIRECTOR-ACT	N/A	Director	$0	$0	$0
BILL FREDERIKSEN	DIRECTOR-CLU	N/A	Director	$0	$0	$0
TERRY STEINMACHER	DIRECTOR-HAR	N/A	Director	$0	$0	$0
SHELLEY SWEIER	DIRECTOR-MEM	N/A	Director	$0	$0	$0
MELISSA WINKLER	DIRECTOR-PUB	N/A	Director	$0	$0	$0
AL DOUGLAS	DIRECTOR-SUP	N/A	Director	$0	$0	$0
TOM LISOWSKI	DIRECTOR-TRA	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$300,272	$356,416	$674,848	$-56,144
2022	$369,939	$331,594	$727,420	$38,345
2021	$337,692	$291,133	$680,359	$46,559
2020	$275,384	$228,860	$630,954	$46,524
2019	$275,783	$255,549	$580,644	$20,234
2018	$314,189	$254,523	$562,591	$59,666

NORTH CHANNEL YACHT CLUB