FORT WALTON YACHT CLUB (EIN 590677113) - 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

1990

Legal Domicile

Principal Officer

GINA GAMMICK

Phone

8502437102

Tax Period

2024-01-01 to 2024-12-31

FORT WALTON YACHT CLUB, founded in 1990, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 13% surplus.

Mission

TO PROMOTE, CONDUCT AND ENCOURAGE BOATING OF VARYING KINDS AND TO FURNISH ENTERTAINMENT, RECREATION, FOOD AND REFRESHMENTS AND AN ENJOYABLE MEETING PLACE TO ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $25,150

Program Service Revenue $1,167,159

Investment Income $30,437

Other Revenue $407,417

TOTAL REVENUE $1,630,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $727,810

Fundraising Expenses $0

Other Expenses $694,780

TOTAL EXPENSES $1,422,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,630,163	$1,431,360	+0.1%
Expenses	$1,422,590	$1,364,204	+0.0%
Net Income	$207,573	$67,156	+2.1%

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

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
JOHN HILLSMAN	COMMODORE	10.00	Officer Director	$0	$0	$0
DAVID VAUGHAN	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
MARILYN MELTON	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
TAYLOR VAUGHAN	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN FARRIS	FLEET CAPTAIN	10.00	Officer Director	$0	$0	$0
DONITA MESSENGER	SECRETARY	10.00	Officer Director	$0	$0	$0
JIM BOURESSA	DIRECTOR	3.00	Director	$0	$0	$0
ROBB RENNIE	DIRECTOR	3.00	Director	$0	$0	$0
LOU RICHARD	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	3.00	Director	$0	$0	$0
KERRIE SERPA	DIRECTOR	3.00	Director	$0	$0	$0
JOHN WIGHT	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT FISHER	DIRECTOR	3.00	Director	$0	$0	$0
GINA GAMMICK	DIRECTOR	3.00	Director	$0	$0	$0
JIM JETER	DIRECTOR	3.00	Director	$0	$0	$0
LISA LETHCOE	DIRECTOR	3.00	Director	$0	$0	$0
CARSON SMITH	DIRECTOR	3.00	Director	$0	$0	$0
PC CRAIG STOLDT	DIRECTOR	3.00	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
2024	$1,630,163	$1,422,590	$1,977,550	$207,573
2023	$1,431,360	$1,364,204	$1,904,746	$67,156
2022	$1,546,301	$1,239,568	$1,808,918	$306,733
2021	$1,214,798	$1,062,006	$1,661,640	$152,792
2020	$923,000	$857,063	$1,363,191	$65,937
2019	$1,034,392	$995,900	$1,284,247	$38,492
2018	$914,763	$939,274	$1,270,724	$-24,511

FORT WALTON YACHT CLUB