LAKE GENEVA YACHT CLUB INC (EIN 391020870) - 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

1905

Legal Domicile

Principal Officer

RAY WILTGEN

Phone

2622752727

Tax Period

2023-01-01 to 2023-12-31

LAKE GENEVA YACHT CLUB INC, founded in 1905, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 6% surplus.

Mission

TO CREATE AND MAINTAIN AN INSTITUTION WITH A WORLD CLASS LEVEL OF COMPETITIVE SAILING THAT IS INSTRUCTIONAL AT ALL LEVELS AND MAINTAIN ONE OF THE COUNTRYS FINEST SAILING RACING FACILITIES.

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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 $763,177

Program Service Revenue $282,810

Investment Income $5,696

Other Revenue $707,976

TOTAL REVENUE $1,759,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $794,643

Fundraising Expenses $0

Program Expenses $1,568,516

Other Expenses $854,882

TOTAL EXPENSES $1,649,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,759,659	$1,657,659	+0.1%
Expenses	$1,649,525	$1,481,111	+0.1%
Net Income	$110,134	$176,548	-0.4%

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

N/A

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
CHARLES LAMPHERE	COMMODORE	002.00	Officer Director	$0	$0	$0
KRISTIN GANNON	VICE COMMODORE	002.00	Officer Director	$0	$0	$0
JEFF BRASSEL	REAR COMMODORE	002.00	Officer Director	$0	$0	$0
THOMAS FREYTAG	RETIRED COMMODORE	002.00	Officer Director	$0	$0	$0
RAYMOND WILTGEN	TREASURER	002.00	Officer Director	$0	$0	$0
JULIE NAVIN	SECRETARY	002.00	Officer Director	$0	$0	$0
KEVIN ALCOCK	DIRECTOR	001.00	Director	$0	$0	$0
JASON THOMPSON	DIRECTOR	001.00	Director	$0	$0	$0
LAURA VOGEL	DIRECTOR	001.00	Director	$0	$0	$0
JOHN KIVLIN	DIRECTOR	001.00	Director	$0	$0	$0
ROSS LYON	DIRECTOR	001.00	Director	$0	$0	$0
KELLY HIRN	DIRECTOR	001.00	Director	$0	$0	$0
JORGAN GRAY	DIRECTOR	001.00	Director	$0	$0	$0
MICHAEL LYNCH	DIRECTOR	001.00	Director	$0	$0	$0
KELLY OTZEN	DIRECTOR	001.00	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	No data	No data	No data	No data
2023	$1,759,659	$1,649,525	$2,694,302	$110,134
2022	$1,657,659	$1,481,111	$2,762,323	$176,548
2021	$1,351,105	$1,190,213	$2,748,011	$160,892
2020	$1,031,634	$955,213	$2,702,537	$76,421

LAKE GENEVA YACHT CLUB INC