MIAMI OUTBOARD CLUB INC

EIN: 590754371

MIAMI, FL

Total Revenue
$2,963,376
Total Expenses
$2,341,306
Total Assets
$3,524,551
Net Assets
$3,264,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
FL
Principal Officer
GONZALO PLANAS
Phone
3053793000
Tax Period
2024-04-01 to 2025-03-31

MIAMI OUTBOARD CLUB INC, founded in 1938, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $622K, a strong 21% operating margin.

Mission

THE MIAMI OUTBOARD CLUB SERVES APPROX. 600 MEMBERS. THEY ARE DEDICATED TO PROMOTING THE SPORT OF BOATING, GIVING INSTRUCTIONS AND PROMOTING THE SAFE USE OF THE WATERWAYS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $170,362
Program Service Revenue $1,905,263
Investment Income $0
Other Revenue $887,751
TOTAL REVENUE $2,963,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $643,671
Fundraising Expenses $0
Program Expenses $1,612,035
Other Expenses $1,697,635
TOTAL EXPENSES $2,341,306

Year-over-Year Comparison

2024 2023 Change
Revenue $2,963,376 $2,633,353 +0.1%
Expenses $2,341,306 $2,558,622 -0.1%
Net Income $622,070 $74,731 +7.3%
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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Governance

Voting Members
14
Independent Members
14
Employees
18
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIO AMORES GOVERNOR 1
Director
$0 $0 $0
DAN CARBALLO GOVERNOR 1
Director
$0 $0 $0
ORLANDO DELGADO GOVERNOR 1
Director
$0 $0 $0
ANGEL FERNANDEZ GOVERNOR 1
Director
$0 $0 $0
HERMEN FERRAZ GOVERNOR 1
Director
$0 $0 $0
EBERALDO HERNANDEZ GOVERNOR 1
Director
$0 $0 $0
MISAEL GARCIA GOVERNOR 1
Director
$0 $0 $0
JOE OTERO GOVERNOR 1
Director
$0 $0 $0
MANUEL RODRGUIEZ LESTON GOVERNOR 1
Director
$0 $0 $0
TONY HERNANDEZ SECRETARY 2
Officer Director
$0 $0 $0
GONZALO PLANAS COMMODORE 2
Officer Director
$0 $0 $0
RALPH VIRGO VICE COMMODORE 2
Officer Director
$0 $0 $0
JOSE TRUJILLO REAR COMMODORE 2
Officer Director
$0 $0 $0
GABRIEL PIEDRAHITA TREASURER 2
Officer 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
2025 $2,963,376 $2,341,306 $3,524,551 $622,070
2024 $2,633,353 $2,558,622 $3,027,220 $74,731
2023 $2,494,760 $2,222,696 $2,730,453 $272,064
2022 $2,218,062 $1,931,011 $2,414,929 $287,051
2021 $1,805,935 $1,433,254 $2,094,787 $372,681
2020 $2,033,857 $1,881,038 $1,734,890 $152,819
2019 $2,050,624 $1,858,497 $1,614,913 $192,127
2018 $1,685,847 $1,702,865 $1,433,768 $-17,018
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