CHESAPEAKE BAY YACHT RACING ASSN INC (EIN 521288658) - 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

1914

Legal Domicile

Principal Officer

JON ANTHONY

Tax Period

2023-01-01 to 2023-12-31

CHESAPEAKE BAY YACHT RACING ASSN INC, founded in 1914, is a micro nonprofit in the Recreation & Sports sector that reported $58K in total revenue in fiscal year 2023. Expenses of $69K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Organizations main focus is to promote fair yachting competition by supporting standard yacht racing measurement rules and by coordinating racing schedules and Regattas on the Chesapeake Bay area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $49,821

Program Service Revenue $8,645

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,466

Expense Breakdown

Grants Paid $22,150

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,212

TOTAL EXPENSES $69,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,466	$56,303	+0.0%
Expenses	$69,362	$57,592	+0.2%
Net Income	$-10,896	$-1,289	+7.5%

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

N/A

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
JOSH COLWELL	Comodore Elect	010.00	Officer	$0	$0	$0
LISA COTTELY	Secretary	005.00	Officer	$0	$0	$0
JOHN WAYSHNER	Treasurer	005.00	Officer	$0	$0	$0
JON ANTHONY	Comodore	001.00	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
2024	No data	No data	No data	No data
2023	$58,466	$69,362	$37,884	$-10,896
2022	$56,303	$57,592	$49,635	$-1,289
2020	$40,961	$32,596	$54,032	$8,365
2019	$33,840	$29,287	$46,224	$4,553
2018	$36,164	$37,895	$42,217	$-1,731

CHESAPEAKE BAY YACHT RACING ASSN INC