CORAL RIDGE YACHT CLUB (EIN 590603864) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

PAUL SHEERIN

Phone

9545661514

Tax Period

2024-01-01 to 2024-12-31

CORAL RIDGE YACHT CLUB, founded in 1978, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024.

Mission

TO BIND THE CLUB'S MEMBERS TOGETHER UNDER A COMMON PURPOSE DIRECTED AT PLEASURE AND RECREATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,814,079

Investment Income $-12,485

Other Revenue $1,637,840

TOTAL REVENUE $5,439,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,930,259

Fundraising Expenses $0

Other Expenses $3,051,950

TOTAL EXPENSES $5,982,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,439,434	$5,269,936	+0.0%
Expenses	$5,982,209	$5,475,927	+0.1%
Net Income	$-542,775	$-205,991	+1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

122

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

$414,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYNARD HELLMAN	IMMEDIATE PAST COMMODORE	10.00	Officer Director	$0	$0	$0
T FRED ROCHE	COMMODORE	10.00	Officer Director	$0	$0	$0
PAUL SHEERIN	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
KEVIN CASSELL	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
BARBARA GEHRIG	TREASURER	15.00	Officer Director	$0	$0	$0
ASHLEY WALKER	SECRETARY	10.00	Officer Director	$0	$0	$0
AJ STARKS	GOVERNOR	5.00	Director	$0	$0	$0
JACKLIN CORNISH	GOVERNOR	5.00	Director	$0	$0	$0
BILL O'DONNELL	GOVERNOR	5.00	Director	$0	$0	$0
JIM PEASE	GOVERNOR	5.00	Director	$0	$0	$0
KATE NELSON	GOVERNOR	5.00	Director	$0	$0	$0
ANDREW SHEILS	GOVERNOR	5.00	Director	$0	$0	$0
NADINE ROCKWELL	GENERAL MANAGER (THROUGH 9/1/24)	50.00	Officer	$186,512	$12,744	$199,256
KIM LODOVICO	CONTROLLER	40.00	Officer	$153,215	$8,804	$162,019
JAY BUTLER	GENERAL MANAGER (AS OF 9/23/24)	50.00	Officer	$51,627	$1,975	$53,602
STEVEN ZOBEL	HEAD CHEF	45.00	Highest	$112,766	$7,310	$120,076

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	$5,439,434	$5,982,209	$15,803,784	$-542,775
2023	$5,269,936	$5,475,927	$12,567,526	$-205,991
2022	$4,124,405	$5,197,498	$9,093,521	$-1,073,093
2021	$2,987,436	$3,313,163	$7,604,329	$-325,727
2020	$2,517,949	$2,722,906	$3,376,994	$-204,957
2019	$2,772,463	$3,043,230	$2,985,382	$-270,767
2018	$2,620,477	$2,880,666	$2,422,869	$-260,189

CORAL RIDGE YACHT CLUB