LINDSAY PARK YACHT CLUB (EIN 420837429) - 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

1979

Legal Domicile

Principal Officer

KRIS CLEMENTS

Phone

5633241317

Tax Period

2024-01-01 to 2024-12-31

LINDSAY PARK YACHT CLUB, founded in 1979, is a small nonprofit that reported $205K in total revenue in fiscal year 2024.

Mission

MANAGE DOCK FACILITIES AND MAINTAIN DOCKING SLIPS FOR CLUB MEMBERS. PROVIDE EATING AND DRINKING FACILITY FOR CLUB MEMBERS. MANAGE HARBOR FOR THE CITY OF DAVENPORT, IOWA.

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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 $29,323

Program Service Revenue $60,000

Investment Income $155

Other Revenue $115,805

TOTAL REVENUE $205,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,338

Fundraising Expenses $0

Other Expenses $93,089

TOTAL EXPENSES $207,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,283	$202,818	+0.0%
Expenses	$207,427	$223,648	-0.1%
Net Income	$-2,144	$-20,830	-0.9%

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
RUTH BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
KRIS CLEMENTS	COMMODORE	5.00	Officer Director	$0	$0	$0
SCOTT CLEMENTS	VICE COMMODO	5.00	Officer Director	$0	$0	$0
NATE GORHAM	REAR COMMODO	5.00	Officer Director	$0	$0	$0
BRAD KIRBY	DIRECTOR	N/A	Director	$0	$0	$0
HENRY PENICNAK	DIRECTOR	N/A	Director	$0	$0	$0
TIM RAYMON	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WEBER	SECRETARY	5.00	Officer Director	$0	$0	$0
JON WIEGLE	TREASURER	5.00	Officer 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	$205,283	$207,427	$212,639	$-2,144
2023	$202,818	$223,648	$214,784	$-20,830
2022	$189,497	$230,441	$250,378	$-40,944
2021	$421,411	$286,537	$1,205,220	$134,874
2021	$262,333	$220,981	$707,923	$41,352
2020	$476,072	$519,487	$1,315,828	$-43,415
2019	$1,212,009	$904,838	$1,441,149	$307,171
2018	$562,344	$417,636	$1,015,975	$144,708

LINDSAY PARK YACHT CLUB