SOUTH SHORE YACHT CLUB (EIN 416084924) - 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

1913

Legal Domicile

Principal Officer

MARK HUMPHREY

Phone

4144812331

Tax Period

2024-01-01 to 2024-12-31

SOUTH SHORE YACHT CLUB, founded in 1913, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO DEVELOP AND ENCOURAGE COMPETITIVE AND RECREATIONAL BOATING, SPORTSMANSHIP, AND BOATING SAFETY ON LAKE MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,240

Program Service Revenue $1,114,269

Investment Income $4,755

Other Revenue $81,145

TOTAL REVENUE $1,213,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,810

Fundraising Expenses $0

Other Expenses $948,022

TOTAL EXPENSES $1,369,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,213,409	$1,282,342	-0.1%
Expenses	$1,369,832	$1,458,261	-0.1%
Net Income	$-156,423	$-175,919	-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

Employees

Volunteers

221

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

$104,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HUMPHREY	COMMODORE	5.00	Officer Director	$0	$0	$0
BECKY ARCHIBALD	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
TONY HETCHLER	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
SCOTT BURKE	CORRESPONDING SECRETARY	5.00	Officer Director	$0	$0	$0
MARK VERHEIN	TREASURER	5.00	Officer Director	$0	$0	$0
SALLY PARENTE	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
SCOTT LANGLOIS	DIRECTOR	5.00	Director	$0	$0	$0
CHERYL KELLY	DIRECTOR	5.00	Director	$0	$0	$0
JOE ARCARA	DIRECTOR	5.00	Director	$0	$0	$0
AMELIA BIFANO	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS MASON	DIRECTOR	5.00	Director	$0	$0	$0
DICK OLSON	IMMEDIATE PAST COMMODORE	5.00	Director	$0	$0	$0
ERIN ALBERTE	DIRECTOR	5.00	Director	$0	$0	$0
DILLON MCCANNON	DIRECTOR	5.00	Director	$0	$0	$0
PAUL BOERSMA	DIRECTOR	5.00	Director	$0	$0	$0
CHERI KENT	DIRECTOR	5.00	Director	$0	$0	$0
PAUL SCHWAB	DIRECTOR	5.00	Director	$0	$0	$0
KATHERINE NEWTON	GENERAL MANAGER - JAN-MAY	50.00	Officer	$48,120	$5,710	$53,830
WALTER SHUMPERT	GENERAL MANAGER - JUNE-AUG	50.00	Officer	$24,066	$0	$24,066
MICHAEL MORTELL	GENERAL MANAGER - SEPT-DEC	50.00	Officer	$26,827	$0	$26,827

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	$1,213,409	$1,369,832	$2,868,884	$-156,423
2023	$1,282,342	$1,458,261	$3,112,731	$-175,919
2022	$1,330,024	$1,479,878	$3,365,162	$-149,854
2021	$1,326,687	$1,202,998	$2,447,439	$123,689
2020	$1,465,553	$960,062	$2,311,807	$505,491
2019	$1,639,487	$1,457,578	$1,907,968	$181,909
2018	$1,533,361	$1,413,529	$1,551,281	$119,832

SOUTH SHORE YACHT CLUB