OLD GREENWICH YACHT CLUB

EIN: 510148202

OLD GREENWICH, CT

Total Revenue
$302,202
Total Expenses
$340,300
Total Assets
$214,937
Net Assets
$214,363
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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
1943
Legal Domicile
CT
Principal Officer
MICHAEL NAYLOR
Phone
2032491998
Tax Period
2025-01-01 to 2025-12-31

OLD GREENWICH YACHT CLUB, founded in 1943, is a small nonprofit that reported $302K in total revenue in fiscal year 2025. Expenses of $340K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE OLD GREENWICH YACHT CLUB WAS ORGANIZED TO PROVIDE SAILING, BOATING & SOCIAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS & GUESTS INCLUDING SAILING & RACING PROGRAMS, BOAT SAFETY & LAUNCH SERVICES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $288,008
Investment Income $10,658
Other Revenue $3,536
TOTAL REVENUE $302,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,565
Fundraising Expenses $0
Other Expenses $202,735
TOTAL EXPENSES $340,300

Year-over-Year Comparison

2025 2024 Change
Revenue $302,202 $309,200 0.0%
Expenses $340,300 $289,800 +0.2%
Net Income $-38,098 $19,400 -3.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
110

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NED BANCROFT COMMODORE 15.00
Officer Director
$0 $0 $0
NICK KORZENDORFER FLEET CAPTAIN 5.00
Director
$0 $0 $0
ELIZABETH BURLESON WATER PROGRAMS DIRECTOR 2.00
Director
$0 $0 $0
CHRIS TELLA CO-RACING DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL NAYLOR TREASURER 10.00
Officer Director
$0 $0 $0
LOU CASOLO SAILING & EDUCATION DIRECT 5.00
Director
$0 $0 $0
AMY BUTLER REAR COMMODORE 10.00
Officer Director
$0 $0 $0
SUSAN RYAN SECRETARY 5.00
Officer Director
$0 $0 $0
PETER LINDEROTH MEMBERSHIP DIRECTOR 5.00
Director
$0 $0 $0
LORENZO DE FERRARI VICE COMMODORE 5.00
Officer Director
$0 $0 $0
KIM CROCCO COMMUNICATIONS DIRECTOR 10.00
Director
$0 $0 $0
FRANCISCO SEITUN CO-RACING DIRECTOR 2.00
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
2025 $302,202 $340,300 $214,937 $-38,098
2024 $309,200 $289,800 $252,560 $19,400
2023 $303,495 $302,724 $236,385 $771
2022 $315,089 $275,837 $234,043 $39,252
2021 $303,070 $311,276 $198,017 $-8,206
2020 $265,849 $218,232 $204,219 $47,617
2019 $299,129 $314,982 $169,271 $-15,853
2018 $289,349 $276,424 $188,223 $12,925
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