Solomons Island 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

1937

Legal Domicile

Phone

4103263718

Tax Period

2025-01-01 to 2025-12-31

Solomons Island Yacht Club Inc, founded in 1937, is a small nonprofit that reported $503K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $86K, a strong 17% operating margin.

Mission

PROVIDE COMRADERIE & FELLOWSHIP OF MEMBERS

Program Service Accomplishments

Program 1

PROVIDE COMRADERIE & FELLOWSHIP OF 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 (2025)

Revenue Breakdown

Contributions & Grants $281,227

Program Service Revenue $79,334

Investment Income $6,109

Other Revenue $135,851

TOTAL REVENUE $502,521

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $188,402

Fundraising Expenses $0

Other Expenses $226,189

TOTAL EXPENSES $416,591

Year-over-Year Comparison

	2025	2024	Change
Revenue	$502,521	$452,885	+0.1%
Expenses	$416,591	$414,562	+0.0%
Net Income	$85,930	$38,323	+1.2%

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
GARY HEAL	COMMODORE	10.00	Officer	$0	$0	$0
CHARLES MAHANES	VICE COMMODORE	10.00	Officer	$0	$0	$0
MARIE REDFIELD	SECRETARY	10.00	Officer	$0	$0	$0
MICHAEL SNAPP	TREASURER	10.00	Officer	$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	$502,521	$416,591	$1,987,541	$85,930
2024	$452,885	$414,562	$1,881,571	$38,323
2023	$427,752	$384,487	$1,896,016	$43,265
2022	$342,445	$344,760	$1,901,475	$-2,315
2021	$381,049	$302,062	$1,923,258	$78,987
2020	$260,935	$226,548	$1,859,532	$34,387