HANCES POINT YACHT CLUB INC

EIN: 520729569

NORTH EAST, MD

Total Revenue
$197,291
Total Expenses
$183,767
Total Assets
$464,389
Net Assets
$464,388
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
MD
Principal Officer
JAMES CHARLES
Phone
6102200144
Tax Period
2025-01-01 to 2025-12-31

HANCES POINT YACHT CLUB INC, founded in 1952, is a small nonprofit that reported $197K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $184K left a modest 7% surplus.

Mission

THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS AND TO PROVIDE FACILITIES FOR RECREATION AND SOCIAL ACTIVITIES FOR ALL MEMBERS, BOTH BOATERS AND NON-BOATERS.

Program Service Accomplishments

Program 1
Expenses: $73,439

THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS...

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THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS AND TO PROVIDE FACILITIES FOR RECREATION AND SOCIAL ACTIVITIES FOR ALL MEMBERS, BOTH BOATERS AND NON-BOATERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $116
Program Service Revenue $193,524
Investment Income $13
Other Revenue $3,638
TOTAL REVENUE $197,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $112,666
Other Expenses $183,767
TOTAL EXPENSES $183,767

Year-over-Year Comparison

2025 2024 Change
Revenue $197,291 $173,480 +0.1%
Expenses $183,767 $142,102 +0.3%
Net Income $13,524 $31,378 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
136
Employees
N/A
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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ANDERSON DIRECTOR N/A
Director
$0 $0 $0
HUNT BARTINE DIRECTOR N/A
Director
$0 $0 $0
ALAN BERDOULAY DIRECTOR N/A
Director
$0 $0 $0
MICHAEL DELANEY DIRECTOR N/A
Director
$0 $0 $0
CLOEY DEVLIN DIRECTOR N/A
Director
$0 $0 $0
JASON ELLIOT DIRECTOR N/A
Director
$0 $0 $0
DAVID GOSSE DIRECTOR N/A
Director
$0 $0 $0
ROGER KARMES DIRECTOR N/A
Director
$0 $0 $0
ROBERT WILLIAM DIRECTOR N/A
Director
$0 $0 $0
JAMES CHARLES TREASURER N/A
Officer
$0 $0 $0
CHRIS FERRIER VICE COMMODO N/A
Officer
$0 $0 $0
FRANK HEINRICH FINANCIAL SE N/A
Officer
$0 $0 $0
TOM KRALL REAR COMMODO N/A
Officer
$0 $0 $0
BRIAN MORGAN SECRETARY N/A
Officer
$0 $0 $0
LUCAS WAGER COMMODORE N/A
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 $197,291 $183,767 $464,389 $13,524
2024 $173,480 $142,102 $451,357 $31,378
2023 $183,438 $136,419 $421,393 $47,019
2022 $178,780 $135,717 $402,685 $43,063
2021 $154,776 $133,526 $416,220 $21,250
2020 $135,992 $117,240 $444,975 $18,752
2019 $132,563 $126,295 $443,019 $6,268
2018 $148,060 $139,294 $496,777 $8,766
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