CHARLOTTE YACHT CLUB (EIN 560768908) - 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

1968

Legal Domicile

Principal Officer

SCOTTIE GREEN

Phone

7045029266

Tax Period

2024-01-01 to 2024-12-31

CHARLOTTE YACHT CLUB, founded in 1968, is a micro nonprofit that reported $72K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $80K exceeded revenue, resulting in a 11% operating deficit.

Mission

BOATING AND RECREATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,406

Program Service Revenue $36,234

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $79,659

TOTAL EXPENSES $79,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,640	$86,136	-0.2%
Expenses	$79,659	$76,768	+0.0%
Net Income	$-8,019	$9,368	-1.9%

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

N/A

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
JEAN HART	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN HOUCK	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS TRULUCK	DIRECTOR	N/A	Director	$0	$0	$0
KELLY CANNON	TREASURER	N/A	Officer	$0	$0	$0
SCOTTIE GREEN	PRESIDENT	N/A	Officer	$0	$0	$0
MITCH MULLER	VICE PRESIDE	N/A	Officer	$0	$0	$0
JASON SHEESLY	SECRETARY	N/A	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	$71,640	$79,659	$489,460	$-8,019
2023	$86,136	$76,768	$497,479	$9,368
2022	$75,145	$67,346	$509,913	$7,799
2021	$67,822	$61,659	$578,043	$6,163

CHARLOTTE YACHT CLUB