BALTIMORE YACHT CLUB INC (EIN 520238400) - 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

1939

Legal Domicile

Principal Officer

MARK CUNNINGHAM

Phone

4106822310

Tax Period

2024-10-01 to 2025-09-30

BALTIMORE YACHT CLUB INC, founded in 1939, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum.

Mission

PROVIDE SOCIAL ACTIVITIES AND PIER SPACE TO MEMBERS OF THE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,580,986

Program Service Revenue $1,209,589

Investment Income $80,768

Other Revenue $169,538

TOTAL REVENUE $3,040,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,528

Fundraising Expenses $0

Program Expenses $1,157,883

Other Expenses $1,864,965

TOTAL EXPENSES $2,987,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,040,881	$1,729,636	+0.8%
Expenses	$2,987,493	$1,694,907	+0.8%
Net Income	$53,388	$34,729	+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
ERIC HIEMSTRA	COMMODORE	1.00	Officer Director	$0	$0	$0
KEITH LESSNER	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
STEPHEN RIEGER	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
PATRICK LONGO	FLEET CAPTAIN	1.00	Officer Director	$0	$0	$0
PAM CHANEY	Secretary	1.00	Officer Director	$0	$0	$0
MARK CUNNINGHAM	Treasurer	1.00	Officer Director	$0	$0	$0
SCOTT COST	FLEET CHAPLAIN	1.00	Director	$0	$0	$0
GARY HUTSON	HONORARY COMMOD	1.00	Director	$0	$0	$0
TED GOLOBOSKI	Director	0.00	Director	$0	$0	$0
ALAN SAKOWSKI	Director	0.00	Director	$0	$0	$0
TOM FIDLER	Director	0.00	Director	$0	$0	$0
BRENT SEWARD	Director	0.00	Director	$0	$0	$0
TOM MALONE	Director	0.00	Director	$0	$0	$0
WAYNE ROSS	Director	0.00	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	$3,040,881	$2,987,493	$2,020,910	$53,388
2024	$1,729,636	$1,709,170	$2,015,546	$20,466
2023	$1,339,757	$1,369,865	$714,029	$-30,108
2022	$1,192,754	$1,284,748	$766,734	$-91,994
2021	$1,427,393	$1,281,349	$864,363	$146,044
2020	$1,250,273	$1,397,197	$723,756	$-146,924
2019	$1,271,581	$1,172,278	$961,291	$99,303
2018	$1,163,086	$1,048,888	$1,150,991	$114,198

BALTIMORE YACHT CLUB INC