FIGURE EIGHT ISLAND YACHT CLUB INC (EIN 561377052) - 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

1983

Legal Domicile

Principal Officer

AUSTIN STEPHENS

Phone

9106860631

Tax Period

2023-10-01 to 2024-09-30

FIGURE EIGHT ISLAND YACHT CLUB INC, founded in 1983, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023.

Mission

PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL PURPOSES OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,877,041

Investment Income $134,229

Other Revenue $709,449

TOTAL REVENUE $5,720,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,672,780

Fundraising Expenses $0

Other Expenses $3,256,901

TOTAL EXPENSES $5,929,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,720,719	$5,407,481	+0.1%
Expenses	$5,929,681	$5,836,945	+0.0%
Net Income	$-208,962	$-429,464	-0.5%

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

126

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

$350,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN STEPHENS	PRESIDENT (STARTING 6/15/24)	4.00	Officer Director	$0	$0	$0
DEBORAH LONG	PRESIDENT (UNTIL 6/15/24)	4.00	Officer Director	$0	$0	$0
ABNEY BOXLEY	VP	1.00	Officer Director	$0	$0	$0
PAM EDMONDS	SECRETARY	1.00	Officer Director	$0	$0	$0
PHILLIP WAUGH	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES DOUGLAS	DIRECTOR (UNTIL 6/15/24)	1.00	Director	$0	$0	$0
DARA FOLAN	DIRECTOR (STARTING 6/15/24)	1.00	Director	$0	$0	$0
VALERIE GAMMAGE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KING	DIRECTOR (STARTING 6/15/24)	1.00	Director	$0	$0	$0
KAREN PIGMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER GUSHANAS	GENERAL MANAGER	50.00	Officer	$214,929	$8,234	$223,163
PAULA DURANT	ACCOUNTING MANAGER	50.00	Officer	$109,612	$17,560	$127,172
CRAIG LABRECHE	CHEF/CHEF ASST.	40.00	Highest	$119,429	$5,272	$124,701

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	$5,720,719	$5,929,681	$7,509,175	$-208,962
2023	$5,407,481	$5,836,945	$7,512,451	$-429,464
2022	$4,846,980	$5,257,490	$7,801,731	$-410,510
2021	$5,011,223	$4,379,487	$8,213,562	$631,736
2020	$3,696,454	$3,733,586	$7,756,643	$-37,132
2019	$4,447,092	$4,052,989	$7,491,556	$394,103
2018	$4,428,120	$3,816,805	$7,083,955	$611,315

FIGURE EIGHT ISLAND YACHT CLUB INC