BALD HEAD ISLAND YACHT CLUB (EIN 562229687) - 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

2001

Legal Domicile

Principal Officer

T STEVE HENSON

Phone

9104577380

Tax Period

2023-01-01 to 2023-12-31

BALD HEAD ISLAND YACHT CLUB, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $574K in total revenue in fiscal year 2023. The organization ran a surplus of $133K, a strong 23% operating margin.

Mission

SOCIAL AND RECREATIONAL - TO ENCOURAGE THE SPORT OF BOATING, TO PROMOTE THE SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE ANCHORAGE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND THEIR GUESTS.

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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 $569,492

Investment Income $444

Other Revenue $4,119

TOTAL REVENUE $574,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $441,261

TOTAL EXPENSES $441,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$574,055	N/A	N/A
Expenses	$441,261	N/A	N/A
Net Income	$132,794	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
VANCE S JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LYNN DERRICK JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F MUNROE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN M HENSON	SECRETARY/TR	1.00	Officer	$0	$0	$0
T STEVE HENSON	COMMODORE	1.00	Officer	$0	$0	$0
ALAN H NORTON	VICE COMMODO	1.00	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
2023	$574,055	$441,261	$2,611,441	$132,794
2022	$544,474	$437,369	$2,559,172	$107,105
2021	$498,600	$356,208	$2,440,689	$142,392
2020	$497,284	$319,674	$2,220,287	$177,610
2019	$485,962	$363,317	$2,046,054	$122,645
2018	$488,242	$289,033	$1,931,941	$199,209

BALD HEAD ISLAND YACHT CLUB