ST PETERSBURG YACHT CLUB INC (EIN 590433240) - 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

1916

Legal Domicile

Principal Officer

JOSEPH DIVITO

Phone

7278223873

Tax Period

2023-10-01 to 2024-09-30

ST PETERSBURG YACHT CLUB INC, founded in 1916, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 17% operating margin.

Mission

ENCOURAGE AND SUPPORT YACHTING AND TO PROVIDE A SOCIAL ENVIRONMENT FOR OUR MEMBERS AND 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 $10,322,934

Investment Income $218,336

Other Revenue $-84,200

TOTAL REVENUE $10,457,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,835,427

Fundraising Expenses $0

Other Expenses $5,883,798

TOTAL EXPENSES $8,719,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,457,070	$10,944,985	0.0%
Expenses	$8,719,225	$8,973,402	0.0%
Net Income	$1,737,845	$1,971,583	-0.1%

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

288

Volunteers

150

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

$500,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BOYLE	COMMODORE	3.00	Officer Director	$0	$0	$0
JOSEPH DIVITO	VICE COMMODORE	3.00	Officer Director	$0	$0	$0
CHRISTIAN BERGSTROM	REAR COMMODORE	3.00	Officer Director	$0	$0	$0
KEVIN CROSS	TREASURER	3.00	Officer Director	$0	$0	$0
VERONICA HICKEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JODY ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
FRED BICKLEY JR	DIRECTOR	1.00	Director	$0	$0	$0
KATE CLARDY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DEININGER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER FRASER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK FRAZE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FUNSCH	DIRECTOR	1.00	Director	$0	$0	$0
MARY HACKER	DIRECTOR	1.00	Director	$0	$0	$0
FRED HIGHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROB MATTHES	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE O'GRADY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
RHETT ROBICHEAUX	GENERAL MANAGER (THRU 4/7/24)	55.00	Officer	$278,202	$34,360	$312,562
COLLEEN RILEY-FINNEY	CFO-DIRECTOR OF FINANCE	55.00	Officer	$175,946	$12,196	$188,142
CHRISTIAN MAYRHOFER	EXECUTIVE CHEF	55.00	Highest	$120,858	$3,814	$124,672
COREY HALL	WATERFRONT DIRECTOR	55.00	Highest	$110,896	$2,493	$113,389

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	$10,457,070	$8,719,225	$25,089,102	$1,737,845
2023	$10,944,985	$8,973,402	$23,847,188	$1,971,583
2022	$9,658,680	$8,131,417	$21,076,545	$1,527,263
2021	$7,094,605	$6,602,107	$18,408,573	$492,498
2020	$6,108,180	$5,863,687	$17,098,735	$244,493
2019	$6,355,127	$6,197,951	$16,687,542	$157,176
2018	$5,973,775	$6,042,146	$16,365,126	$-68,371

ST PETERSBURG YACHT CLUB INC