FIFTH STREET YACHT CLUB OF RACINE INC (EIN 396120087) - 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

1970

Legal Domicile

Phone

2626329718

Tax Period

2023-01-01 to 2023-12-31

FIFTH STREET YACHT CLUB OF RACINE INC, founded in 1970, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $210K left a modest 5% surplus.

Mission

CLUB PROVIDES SOCIAL AND BOATING ACTIVITIES FOR ITS MEMBERS

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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 $41,564

Program Service Revenue $44,501

Investment Income $9

Other Revenue $136,505

TOTAL REVENUE $222,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,642

Fundraising Expenses $0

Other Expenses $159,696

TOTAL EXPENSES $210,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,579	$179,163	+0.2%
Expenses	$210,338	$167,835	+0.3%
Net Income	$12,241	$11,328	+0.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
CHRIS OLSON	Director	Officer Director	$0	$0	$0
JIM MULESKI	VICE COMMODORE	Director	$0	$0	$0
TODD OLSON	Director	Director	$0	$0	$0
CHUCK KAPLAN	Director	Director	$0	$0	$0
STEVE ANDERSON	Director	Director	$0	$0	$0
STEVE GOTTSCHALK	Treasurer	Officer	$0	$0	$0
ROGER SCHLINK	REAR COMMODORE	Officer	$0	$0	$0
MIKE FRIES	RECORDING SECRE	Officer	$0	$0	$0
THOMAS MICHELS	COMMODORE	Officer	$0	$0	$0
CHRIS ANTONNEAU	Director	Officer	$0	$0	$0
MIKE BAUER	Director	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	No data	No data	No data	No data
2023	$222,579	$210,338	$152,981	$12,241
2022	$179,163	$167,835	$140,181	$11,328
2021	$201,415	$193,091	$127,570	$8,324

FIFTH STREET YACHT CLUB OF RACINE INC