CRESCENT BOAT AND SOCIAL CLUB INC (EIN 526015946) - 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

1953

Legal Domicile

Principal Officer

JOEY ADAMSKI

Tax Period

2023-11-01 to 2024-10-31

CRESCENT BOAT AND SOCIAL CLUB INC, founded in 1953, is a small nonprofit that reported $334K in total revenue in fiscal year 2023. Expenses of $315K left a modest 6% surplus.

Mission

THE ORGANIZATIONSS MISSION IS TO PROVIDE A SOCIAL CLUB FOR MEMBERS AND THEIR GUESTS ONLY WHO ARE INTERESTED IN BOATING, NAVIGATION AND KNOWLEDGE OF NAUTICAL LAWS, RULES AND REGULATIONS.

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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 $79,654

Program Service Revenue $206,122

Investment Income $2,456

Other Revenue $45,657

TOTAL REVENUE $333,889

Expense Breakdown

Grants Paid $7,529

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,679

Other Expenses $307,523

TOTAL EXPENSES $315,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,889	N/A	N/A
Expenses	$315,052	N/A	N/A
Net Income	$18,837	N/A	N/A

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

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
GILL LOOKINGLAND	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MC COY	DIRECTOR	1.00	Director	$0	$0	$0
RON AGOSTINO	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRRERER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK JACKSON	CORR SECRETARY	0.00	Officer	$0	$0	$0
JUDITH PRUETT	TREASURER	5.00	Officer	$0	$0	$0
ROBERT LIMMER	COMMADORE	5.00	Officer	$0	$0	$0
JOEY ADAMSKI	VICE COMMADORE	5.00	Officer	$0	$0	$0
DEREK MARCHANTI	RECORDING SECRETARY	3.00	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	$333,889	$315,052	$461,060	$18,837
2023	$333,954	$335,272	$454,517	$-1,318
2022	$331,951	$289,015	$468,240	$42,936
2021	$289,193	$273,795	$435,749	$15,398
2020	$199,071	$197,580	$443,338	$1,491
2019	$281,803	$265,145	$448,068	$16,658
2018	$268,648	$244,732	$441,485	$23,916

CRESCENT BOAT AND SOCIAL CLUB INC