NEW BERN GRAND MARINA YACHT CLUB (EIN 473160924) - 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

2015

Legal Domicile

Principal Officer

STEVE HARGIS

Phone

9494297720

Tax Period

2023-01-01 to 2023-12-31

NEW BERN GRAND MARINA YACHT CLUB, founded in 2015, is a small nonprofit that reported $932K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 31% operating margin.

Mission

THE ORGANIZATION IS OPERATING AS A CLUB ORGANIZED FOR PLEASURE, RECREATION AND OTHER NONPROFIT PURPOSES. THE ORGANIZATION'S MAIN PURPOSE WILL BE TO MANAGE AND MAINTAIN THE YACHT CLUB, MARINA AND RELATED AMENITIES TO UNDERTAKE AN PERFORM ANY AND ALL ACTIVITIES SET FORTH IN THE CORPORATION'S BYLAWS. THE ORGANIZATION'S PURPOSE IS ALSO TO FURTHER THE INTEREST OF ITS MEMBERS OF THE MARINA.

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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 $477,801

Program Service Revenue $0

Investment Income $0

Other Revenue $454,310

TOTAL REVENUE $932,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,879

Fundraising Expenses $0

Program Expenses $625,011

Other Expenses $431,481

TOTAL EXPENSES $641,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$932,111	$596,699	+0.6%
Expenses	$641,360	$597,817	+0.1%
Net Income	$290,751	$-1,118	-261.1%

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

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

$59,440

Total Directors

$59,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HARGIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIFFANY WATKINS	SECRETARY	14.00	Officer Director	$30,120	$29,320	$59,440

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	$932,111	$641,360	$37,788	$290,751
2022	$596,699	$597,817	$21,419	$-1,118
2021	$647,630	$570,910	$26,474	$76,720
2020	$555,555	$912,586	$7,713	$-357,031
2019	$598,109	$574,983	$30,864	$23,126
2018	$460,171	$470,616	$13,401	$-10,445

NEW BERN GRAND MARINA YACHT CLUB