LEWES YACHT CLUB (EIN 516001656) - 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

1932

Legal Domicile

Principal Officer

RICHARD CARPENTER

Phone

3026458596

Tax Period

2024-01-01 to 2024-12-31

LEWES YACHT CLUB, founded in 1932, is a small nonprofit in the Recreation & Sports sector that reported $548K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 255% operating deficit.

Mission

TO FOSTER SAILING, BOATING, SWIMMING, AND SOCIAL ACTIVITIES CENTERED ON THE DELAWARE BAY FOR OUR MEMBERS.

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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 $0

Program Service Revenue $2,281,743

Investment Income $-1,428,652

Other Revenue $-305,194

TOTAL REVENUE $547,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $762,317

Fundraising Expenses $0

Other Expenses $1,180,484

TOTAL EXPENSES $1,942,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$547,897	$1,876,040	-0.7%
Expenses	$1,942,801	$1,451,656	+0.3%
Net Income	$-1,394,904	$424,384	-4.3%

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

139

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
THOMAS FERRY	COMMODORE	5.00	Officer Director	$0	$0	$0
RON KRAJEWSKI	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
GREG WEER	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
RICHARD CARPENTER	TREASURER	5.00	Officer Director	$0	$0	$0
JANET DAVIS	SECRETARY	5.00	Officer Director	$0	$0	$0
BARBARA BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
SONYA EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GARRY	DIRECTOR	1.00	Director	$0	$0	$0
SUE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN LESTER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BEHRLE	DIRECTOR	1.00	Director	$0	$0	$0
BETH SELSOR	DIRECTOR	1.00	Director	$0	$0	$0
KEN TADLER	DIRECTOR	1.00	Director	$0	$0	$0
TIM DOUGLAS	DIRECTOR	1.00	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
2024	$547,897	$1,942,801	$12,288,928	$-1,394,904
2023	$1,876,040	$1,451,656	$12,415,983	$424,384
2022	$2,045,539	$1,249,576	$7,334,113	$795,963
2021	$1,911,930	$1,189,941	$6,237,958	$721,989
2020	$1,577,750	$1,136,625	$6,052,688	$441,125
2019	$1,601,324	$1,186,552	$4,595,745	$414,772
2018	$2,766,444	$2,559,745	$4,414,071	$206,699

LEWES YACHT CLUB