OCEAN GATE YACHT CLUB INC (EIN 521821317) - 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

1909

Legal Domicile

Principal Officer

STEPHEN SHARPE

Phone

2158704729

Tax Period

2023-10-01 to 2024-09-30

OCEAN GATE YACHT CLUB INC, founded in 1909, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

PROMOTE YACHTING AND ROWING FOSTER ATHLETIC SPORTS UPON THE WATER PROMOTE THE INTEREST AND WELFARE OF THE OCEAN GATE COMMUNITY

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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 $9,596

Program Service Revenue $249,733

Investment Income $687

Other Revenue $3,326

TOTAL REVENUE $263,342

Expense Breakdown

Grants Paid $300

Salaries & Benefits $77,093

Fundraising Expenses $0

Program Expenses $235,323

Other Expenses $185,547

TOTAL EXPENSES $262,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,342	$211,487	+0.2%
Expenses	$262,940	$260,698	+0.0%
Net Income	$402	$-49,211	-1.0%

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
JOHN FRY	TRUSTEE	N/A	Director	$0	$0	$0
EILEEN KING	TRUSTEE	N/A	Director	$0	$0	$0
MELISSA CORSON	TRUSTEE	N/A	Director	$0	$0	$0
DAVID SIKORA	VICE COMMODORE	N/A	Officer Director Key Emp	$0	$0	$0
ASHLEY MOLL	TRUSTEE	N/A	Director	$0	$0	$0
HEATHER ANDOLSEN	COMMODORE	N/A	Officer Director	$0	$0	$0
ASHLEE PEDRICK	TRUSTEE	N/A	Director	$0	$0	$0
STEPHEN SHARPE	TREASURER	N/A	Officer Director	$0	$0	$0
SUSAN LEAHY	RECORDING SECRETARY	N/A	Officer Director	$0	$0	$0
NANCY FOOTE	REAR COMMODORE	N/A	Officer Director	$0	$0	$0
ROSEMARY MASTRONARDY	CORRESPONDING SECRETARY	N/A	Officer 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
2024	$263,342	$262,940	$394,062	$402
2023	$211,487	$260,698	$354,260	$-49,211
2022	$239,453	$216,743	$403,471	$22,710
2021	$203,198	$209,122	$380,761	$-5,924
2020	$173,820	$168,932	$386,685	$4,888
2019	$217,684	$221,626	$381,797	$-3,942
2018	$193,632	$207,554	$385,739	$-13,922

OCEAN GATE YACHT CLUB INC