HARBOUR VILLAGE YACHT CLUB INC

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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

1989

Legal Domicile

Principal Officer

Dale Olmstead

Phone

8049282308

Tax Period

2023-01-01 to 2023-12-31

HARBOUR VILLAGE YACHT CLUB INC, founded in 1989, is a micro nonprofit that reported $97K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 85% operating deficit.

Mission

COLLECTION OF MEMBER DUES FOR THE MAINTENANCE OF CLUB FACILITIES FOR THE SOCIAL BENEFIT OF THE CLUB'S MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $166,739

COLLECTION OF MEMBER DUES FOR THE MAINTENANCE OF CLUB FACILITIES FOR THE SOCIAL BENEFIT OF THE CLUB'S 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 $5,111

Program Service Revenue $76,719

Investment Income $91

Other Revenue $15,022

TOTAL REVENUE $96,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,739

Other Expenses $178,989

TOTAL EXPENSES $178,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,943	$132,640	-0.3%
Expenses	$178,989	$117,410	+0.5%
Net Income	$-82,046	$15,230	-6.4%

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

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
DALE OLMSTEAD	COMMODORE	5.00	Officer Director	$0	$0	$0
JOHN WILLIAMS	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
MARC GOLIGHTLY	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
JEY BARBOUR	TREASURER	5.00	Officer Director	$0	$0	$0
JEANETTE MILLER	SECRETARY	5.00	Director	$0	$0	$0
SHANE HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY ZELLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB GESSNER	PAST COMMODORE	1.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$96,943	$178,989	$252,439	$-82,046
2022	$132,640	$117,410	$352,780	$15,230
2021	$98,791	$94,969	$238,408	$3,822
2020	$97,847	$81,637	$232,786	$16,210
2019	$83,088	$94,650	$216,276	$-11,562
2018	$87,528	$81,590	$226,998	$5,938