INDIAN RIVER YACHT CLUB INC (EIN 516028727) - 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

1940

Legal Domicile

Principal Officer

ANDY MARKOVITZ

Phone

3029471577

Tax Period

2023-10-01 to 2024-09-30

INDIAN RIVER YACHT CLUB INC, founded in 1940, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $265K exceeded revenue, resulting in a 10% operating deficit.

Mission

SOCIAL CLUB

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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 $2,170

Program Service Revenue $186,192

Investment Income $3,522

Other Revenue $47,719

TOTAL REVENUE $239,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,440

Fundraising Expenses $0

Program Expenses $21,377

Other Expenses $202,222

TOTAL EXPENSES $264,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,603	$211,480	+0.1%
Expenses	$264,662	$266,326	0.0%
Net Income	$-25,059	$-54,846	-0.5%

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
ANDY MARKOVITZ	COMMODORE	10.00	Officer Director	$0	$0	$0
MIKE GROGAN	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
GEORGE HUDSON	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
GRAY TWARDOWSKI	TREASURER	10.00	Officer Director	$0	$0	$0
MARIE MILLER	DIRECTOR	10.00	Director	$0	$0	$0
GEORGE MARSDEN	DIRECTOR	10.00	Director	$0	$0	$0
LINDA OWENS	DIRECTOR	10.00	Director	$0	$0	$0
HAYDEN KLINGLER	DIRECTOR	10.00	Director	$0	$0	$0
MURIEL PFEIFFER	DIRECTOR	10.00	Director	$0	$0	$0
MARK REIMNITZ	DIRECTOR	10.00	Director	$0	$0	$0
BILL PERRINE	DIRECTOR	10.00	Director	$0	$0	$0
GINNY SMITH-MORRIS	DIRECTOR	10.00	Director	$0	$0	$0
KAYE WOMAX	DIRECTOR	10.00	Director	$0	$0	$0
BILL NEWKIRK	DIRECTOR	10.00	Director	$0	$0	$0
RICK HECK	DIRECTOR	10.00	Director	$0	$0	$0
CLIFF KERR	DIRECTOR	10.00	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	$239,603	$264,662	$637,593	$-25,059
2023	$211,480	$266,326	$662,832	$-54,846
2022	$221,341	$245,000	$717,741	$-23,659
2021	$211,391	$204,640	$743,307	$6,751

INDIAN RIVER YACHT CLUB INC