LAKE BERESFORD YACHT CLUB INC (EIN 590543143) - 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

1944

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LAKE BERESFORD YACHT CLUB INC, founded in 1944, is a small nonprofit that reported $177K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $160K left a modest 10% surplus.

Mission

TO EDUCATE THE PUBLIC AND MEMBERS ABOUT BOATING AND WATER SAFETY.

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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 $129,959

Program Service Revenue $13,409

Investment Income $2,936

Other Revenue $31,110

TOTAL REVENUE $177,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,857

TOTAL EXPENSES $159,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,414	$93,142	+0.9%
Expenses	$159,857	$106,808	+0.5%
Net Income	$17,557	$-13,666	-2.3%

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

108

Independent Members

108

Employees

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
ROCKY KAISER	DIRECTOR	1.00	Director	$0	$0	$0
DAN HUCKS	DIRECTOR	1.00	Director	$0	$0	$0
MARY HELEN FOGLE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA COCAYNE	OFFICER	1.00	Officer	$0	$0	$0
JUSTIN FLOWERS	OFFICER	1.00	Officer	$0	$0	$0
SIDNEY TAYLOR	OFFICER	1.00	Officer	$0	$0	$0
RUSSELL KELTON	TREASURER	15.00	Officer	$0	$0	$0
JOEL BUDGEN	SECRETARY	15.00	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
2024	No data	No data	No data	No data
2023	$177,414	$159,857	$39,034	$17,557
2022	$93,142	$106,808	$40,833	$-13,666
2021	$119,516	$118,871	$48,265	$645
2020	$62,662	$73,360	$50,649	$-10,698
2019	$156,625	$149,596	$53,380	$7,029
2018	$216,663	$262,130	$63,589	$-45,467

LAKE BERESFORD YACHT CLUB INC