MILES RIVER YACHT CLUB INC

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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

1920

Legal Domicile

Principal Officer

RICH KOLL

Phone

4107459511

Tax Period

2024-11-01 to 2025-10-31

MILES RIVER YACHT CLUB INC, founded in 1920, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $370K, a strong 19% operating margin.

Mission

THE PURPOSE OF THE CLUB IS TO ENCOURAGE TRADITIONAL EASTERN SHORE RECREATIONAL ACTIVITIES ON THE WATER.

Program Service Accomplishments

Program 1

MRYC IS A YACHT CLUB. IT PROVIDES ITS MEMBERS WITH ACTIVITIES AND FACILITIES SURROUNDING THE WATER. ALL PROGRAM SERVICE REVENUE IS COLLECTED IN CONNECTION WITH THESE TAX EXEMPT ACTIVITIES.

Program 2

DUES ARE PAID BY MEMBERS TO CONTINUE THE EXISTENCE OF THE CLUB. THIS INCOME PAYS FOR OPERATIONS OF THE CLUB.

Program 3

THE YACHT CLUB HAS SEVERAL MISCELLANEOUS RELATED ACTIVITIES, FOR EXAMPLE A YEARBOOK IS PUBLISHED ANNUALLY FOR THE USEFULNESS 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 $1,597,491

Program Service Revenue $411,838

Investment Income $108,418

Other Revenue $-154,130

TOTAL REVENUE $1,963,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $785,356

Fundraising Expenses $0

Other Expenses $808,442

TOTAL EXPENSES $1,593,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,963,617	$1,779,817	+0.1%
Expenses	$1,593,798	$1,512,306	+0.1%
Net Income	$369,819	$267,511	+0.4%

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

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
NICK SIMPSON	COMMODORE	2.00	Officer Director	$0	$0	$0
DENNIS KELLY	VICE COMMODORE	2.00	Officer Director	$0	$0	$0
MATT KEALY	R/C	2.00	Officer Director	$0	$0	$0
ANDREW SOUTHWORTH	F/C	2.00	Officer Director	$0	$0	$0
JENNIFER WILLIANS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN HINES	TREASURER	2.00	Officer Director	$0	$0	$0
DOUG ABBOTT	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
TIM PARIS	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
JERRY CRAMBLETT	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
JEAN BROOKS	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
CLAY CAMPBELL	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
ADAM OWENS	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
ROBERT FOLEY	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
ROB NOBLE	DIRECTOR/GOVENOR	1.00	Director	$0	$0	$0
RICH KOLL	DIRECTOR/GOVENOR	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
2025	$1,963,617	$1,593,798	$3,827,794	$369,819
2024	$1,779,817	$1,512,306	$3,540,001	$267,511
2023	$1,908,654	$1,492,410	$3,284,980	$416,244
2022	$1,355,111	$1,436,991	$2,887,153	$-81,880
2021	$1,174,449	$1,159,236	$2,973,633	$15,213
2020	$980,699	$971,975	$2,885,016	$8,724
2019	$1,020,859	$928,175	$2,411,605	$92,684
2018	$1,007,264	$988,984	$2,530,296	$18,280