SCYC PRESERVATION FOUNDATION INC

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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

W FIFIELD WHITMANIII

Phone

5169226200

Tax Period

2019-01-01 to 2019-12-31

SCYC PRESERVATION FOUNDATION INC, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $33K in total revenue in fiscal year 2019. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 73% operating deficit.

Mission

SUPPORT THE PRESERVATION OF THE EXTERIOR OF THE SEAWANHAKA CORINTHIAN YACHT CLUB.

Program Service Accomplishments

Program 1

Expenses: $50,957

RESTORATION EXPENSES INCURRED IN CONNECTION WITH THE MAINTENANCE, RESTORATION AND PRESENTATION OF THE EXTERIOR OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT CLUBHOUSE OF THE SEAWANHAKA...

RESTORATION EXPENSES INCURRED IN CONNECTION WITH THE MAINTENANCE, RESTORATION AND PRESENTATION OF THE EXTERIOR OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT CLUBHOUSE OF THE SEAWANHAKA CORINTHIAN YACHT AT 314 YACHT CLUB ROAD, CENTER ISLAND, NY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $32,500

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $32,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,957

Other Expenses $56,277

TOTAL EXPENSES $56,277

Year-over-Year Comparison

	2019	2018	Change
Revenue	$32,502	$42,976	-0.2%
Expenses	$56,277	$60,921	-0.1%
Net Income	$-23,775	$-17,945	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID H DEMING	PRESIDENT	1.00	Officer Director	$0	$0	$0
W FIFIELD WHITMAN III	TREASURER	1.00	Officer Director	$0	$0	$0
DANFORTH G KNAPP	SECRETARY	1.00	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
2019	$32,502	$56,277	$53,461	$-23,775
2018	$42,976	$60,921	$73,736	$-17,945