THE ANNAPOLIS YACHT CLUB INC

EIN: 520227500

ANNAPOLIS, MD

Total Revenue
$11,731,726
Total Expenses
$10,844,865
Total Assets
$64,515,877
Net Assets
$36,188,935
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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
1937
Legal Domicile
MD
Principal Officer
TIM CUSACK
Phone
4102639147
Tax Period
2023-01-01 to 2023-12-31

THE ANNAPOLIS YACHT CLUB INC, founded in 1937, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $10.8M left a modest 8% surplus.

Mission

SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,472,443
Investment Income $709,679
Other Revenue $549,604
TOTAL REVENUE $11,731,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,794,457
Fundraising Expenses $0
Other Expenses $7,050,408
TOTAL EXPENSES $10,844,865

Year-over-Year Comparison

2023 2022 Change
Revenue $11,731,726 $10,221,791 +0.1%
Expenses $10,844,865 $9,304,082 +0.2%
Net Income $886,861 $917,709 0.0%
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
10
Independent Members
10
Employees
293
Volunteers
300

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
3
$0
Total Directors
10
$0
Key Employees
4
$1,114,747
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY CUSACK COMMODORE 2.00
Officer Director
$0 $0 $0
C EDWARD HARTMAN III PAST COMMODORE 1.00
Director
$0 $0 $0
CHRISTOPHER BELL VICE COMMODORE 2.00
Officer Director
$0 $0 $0
TED KACZMARSKI REAR COMMODORE 2.00
Officer Director
$0 $0 $0
WALTER LAIRD FLEET CAPTAIN 1.00
Director
$0 $0 $0
JENNIFER NORWOOD SECRETARY 1.00
Director
$0 $0 $0
STEPHEN PALMER TREASURER 1.00
Director
$0 $0 $0
KEITH MISNER GENERAL MEMBER 1.00
Director
$0 $0 $0
DAVID HAGLER GENERAL MEMBER 1.00
Director
$0 $0 $0
MAJOR GENERAL ANDREW DAVIS GENERAL MEMBER 1.00
Director
$0 $0 $0
BRIAN ASCH GENERAL MANAGER 50.00
Key Emp
$499,901 $18,626 $518,527
MICHAEL HERR EXECUTIVE CHEF 50.00
Key Emp
$194,142 $16,626 $210,768
TRACIE PARKINSON HR/MEMBERSHIP DIRECTOR 50.00
Key Emp
$179,939 $10,921 $190,860
MERCEDES BUCLEATO DIRECTOR OF FINANCE 50.00
Key Emp
$192,424 $2,168 $194,592
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 $11,731,726 $10,844,865 $64,515,877 $886,861
2022 $10,221,791 $9,304,082 $63,087,004 $917,709
2021 $12,813,958 $12,151,416 $62,193,115 $662,542
2020 $10,123,625 $10,173,347 $61,132,793 $-49,722
2019 $12,576,103 $10,258,149 $61,837,549 $2,317,954
2018 $10,328,667 $7,269,675 $56,937,931 $3,058,992
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