HARBOR LITE YACHT CLUB (EIN 391033318) - 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

1964

Legal Domicile

Principal Officer

KENNETH GALL

Phone

2626349280

Tax Period

2023-01-01 to 2023-12-31

HARBOR LITE YACHT CLUB, founded in 1964, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY PURPOSE OF THE CLUB IS TO PROMOTE AND ENCOURAGE AN INTEREST IN AMATEUR YACHTING, CRUISING, SEAMANSHIP, AND TO PROVIDE A FACILITY FOR THE PLEASURE AND RECREATION OF THE MEMBERSHIP.

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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 $250

Program Service Revenue $84,655

Investment Income $0

Other Revenue $181,768

TOTAL REVENUE $266,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,121

Fundraising Expenses $0

Other Expenses $155,886

TOTAL EXPENSES $259,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,673	$229,720	+0.2%
Expenses	$259,007	$233,202	+0.1%
Net Income	$7,666	$-3,482	-3.2%

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

166

Employees

Volunteers

200

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
KENNETH GALL	COMMODORE	8.00	Officer Director	$0	$0	$0
SCOTT FLOYD	VICE COMMODO	3.00	Director	$0	$0	$0
WENDY CHRISTENSEN	REAR COMMODO	3.00	Officer Director	$0	$0	$0
CYNDI KNAPP-FINLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
HEIDI KAPPA	TREASURER	18.00	Officer Director	$0	$0	$0
MIKE ROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MOES	DIRECTOR	1.00	Officer Director	$0	$0	$0
CRAIG HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT GEISLER	DIRECTOR	1.00	Director	$0	$0	$0
HERB KATT	DIRECTOR	1.00	Director	$0	$0	$0
FAWN LIPKE	DIRECTOR	1.00	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	$266,673	$259,007	$191,929	$7,666
2022	$229,720	$233,202	$197,442	$-3,482
2021	$229,894	$215,617	$188,701	$14,277
2020	$190,611	$200,169	$184,790	$-9,558
2019	$208,092	$216,377	$208,712	$-8,285
2018	$221,111	$242,269	$197,720	$-21,158

HARBOR LITE YACHT CLUB