CLEARWATER YACHT CLUB INC (EIN 590197110) - 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

1985

Legal Domicile

Principal Officer

PHILIP SHAW

Phone

7274421309

Tax Period

2022-01-01 to 2022-12-31

CLEARWATER YACHT CLUB INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022.

Mission

TO ENCOURAGE YACHTING AND PROVIDE MEMBERS WITH ASSOCIATED RECREATIONAL PRIVILEGES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,445,680

Investment Income $-58,102

Other Revenue $84,388

TOTAL REVENUE $1,471,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,855

Fundraising Expenses $0

Other Expenses $876,878

TOTAL EXPENSES $1,474,733

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,471,966	$1,494,200	0.0%
Expenses	$1,474,733	$1,289,358	+0.1%
Net Income	$-2,767	$204,842	-1.0%

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

$148,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS WOLD	COMMODORE	1.00	Officer Director	$0	$0	$0
RICH LIBONATE	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JOAN CARTER	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
GREG CRIST	IMMEDIATE PAST COMMODORE	1.00	Officer Director	$0	$0	$0
PHIL SHAW	TREASURER	1.00	Officer Director	$0	$0	$0
CAREY SAUER	SECRETARY (12/3/22-12/31/22)	1.00	Officer Director	$0	$0	$0
JOHN MINTON	FLEET CAPTAIN (12/3/22-12/31/22)	1.00	Officer Director	$0	$0	$0
AMIE CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
TOM CUMMINGS	DIRECTOR (12/3/22-12/31/22)	1.00	Director	$0	$0	$0
JIM HANNIGAN	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS NORDMAN	DIRECTOR (12/3/22-12/31/22)	1.00	Director	$0	$0	$0
KEAGAN PENNYCUFF	DIRECTOR (12/3/22-12/31/22)	1.00	Director	$0	$0	$0
ROD WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MARY KAY DELK	COMMODORE (1/1/22-12/3/22)	1.00	Officer Director	$0	$0	$0
MISHA KELLY	SECRETARY (1/1/22-12/3/22)	1.00	Officer Director	$0	$0	$0
GREG GARNER	PAST COMMODORE (1/1/22-12/3/22)	1.00	Officer Director	$0	$0	$0
KELLY LESPERANCE	DIRECTOR (1/1/22-12/3/22)	1.00	Director	$0	$0	$0
JAMIE PATCHETT	DIRECTOR (1/1/22-12/3/22)	1.00	Director	$0	$0	$0
MICHAEL CIACCIO	GENERAL MANAGER	40.00	Officer	$126,593	$21,434	$148,027

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	No data	No data	No data	No data
2022	$1,471,966	$1,474,733	$2,220,381	$-2,767
2021	$1,494,200	$1,289,358	$2,149,257	$204,842
2020	$1,353,888	$1,297,635	$1,903,790	$56,253
2019	$1,272,559	$1,129,676	$1,922,523	$142,883
2018	$1,351,339	$1,089,335	$1,798,235	$262,004

CLEARWATER YACHT CLUB INC