SELBY BAY YACHT CLUB PROPERTY CORP

EIN: 536009607

EDGEWATER, MD

Total Revenue
$406,207
Total Expenses
$422,555
Total Assets
$1,007,804
Net Assets
$-81,968
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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
1947
Legal Domicile
MD
Principal Officer
JEFF MCKINNEY
Phone
4106530800
Tax Period
2022-10-01 to 2023-09-30

SELBY BAY YACHT CLUB PROPERTY CORP, founded in 1947, is a small nonprofit that reported $406K in total revenue in fiscal year 2022.

Mission

PROMOTE THE SPORT OF BOATING AND PROVIDE RELATED SERVICES AND FACILITIES TO ITS 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $205,820
Program Service Revenue $193,443
Investment Income $3,451
Other Revenue $3,493
TOTAL REVENUE $406,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,735
Fundraising Expenses $0
Other Expenses $364,820
TOTAL EXPENSES $422,555

Year-over-Year Comparison

2022 2021 Change
Revenue $406,207 $417,050 0.0%
Expenses $422,555 $358,235 +0.2%
Net Income $-16,348 $58,815 -1.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
30

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
7
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW DOLESH DIRECTOR 1.00
Director
$0 $0 $0
JOE QUINN DIRECTOR 1.00
Director
$0 $0 $0
NED BUCHMAN DIRECTOR 1.00
Director
$0 $0 $0
MARK HUMPHRIES DIRECTOR 1.00
Director
$0 $0 $0
JEFF MCKINNEY COMMODORE 4.00
Officer
$0 $0 $0
PHIL SCHIFF VICE COMMODORE 2.00
Officer
$0 $0 $0
BAYARD GALEY REAR COMMODORE 2.00
Officer
$0 $0 $0
CHARLES GLENN FLEET CAPTAIN 5.00
Officer
$0 $0 $0
JULIEN P HOFBERG SECRETARY 5.00
Officer
$0 $0 $0
WADE CORDY TREASURER 1.00
Officer
$0 $0 $0
ALAN NEUSTADTL IMMEDIATE PAST COMMODORE 5.00
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 $406,207 $422,555 $1,007,804 $-16,348
2022 $417,050 $358,235 $1,085,412 $58,815
2021 $389,800 $365,888 $1,092,331 $23,912
2019 $375,263 $388,417 $1,209,568 $-13,154
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