OLD DOMINION BOAT CLUB (EIN 540324757) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

KEVIN REILLY JD CPA

Phone

7038361900

Tax Period

2023-01-01 to 2023-12-31

OLD DOMINION BOAT CLUB ROBERT J TEST, founded in 1922, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $252K, a strong 19% operating margin.

Mission

PROVIDING MEMBERS WITH ACCESS TO WATERWAYS AND SOCIALIZATION WITH OTHER BOAT OWNERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,261,001

Investment Income $43,628

Other Revenue $480,044

TOTAL REVENUE $1,784,673

Expense Breakdown

Grants Paid $3,506

Salaries & Benefits $870,272

Fundraising Expenses $0

Other Expenses $895,961

TOTAL EXPENSES $1,769,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,784,673	$1,423,079	+0.3%
Expenses	$1,769,739	$1,655,247	+0.1%
Net Income	$14,934	$-232,168	-1.1%

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

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

$9,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE HOBART	GOVERNOR	2.00	Director	$0	$0	$0
ERNIE DAURAY	GOVERNOR	2.00	Director	$0	$0	$0
JOHN KERR	GOVERNOR	2.00	Director	$0	$0	$0
DEE BERESFORD	GOVERNOR	2.00	Director	$0	$0	$0
BRUCE CATTS	GOVERNOR	10.00	Director	$0	$0	$0
GARY SCHIFFRES	GOVERNOR	2.00	Director	$0	$0	$0
DREW THOMAS	GOVERNOR	2.00	Director	$0	$0	$0
BOB WATERS	SECRETARY	10.00	Officer	$9,000	$0	$9,000
STEVE FOREHAND	PRESIDENT	10.00	Officer	$0	$0	$0
KIM ROGAN WEITZEL	VICE PRESIDENT	10.00	Officer	$0	$0	$0
KEVIN REILLY	TREASURER	10.00	Officer	$0	$0	$0
CHRIS MARINO	COMMODORE	2.00	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	$1,784,673	$1,769,739	$10,454,855	$14,934
2022	$1,423,079	$1,655,247	$10,816,304	$-232,168
2021	$1,105,837	$1,304,084	$11,245,214	$-198,247
2020	$1,144,526	$1,032,999	$11,529,608	$111,527
2019	$1,522,045	$1,311,973	$11,640,062	$210,072
2018	$1,297,466	$1,045,760	$11,679,027	$251,706

OLD DOMINION BOAT CLUB