KEY BISCAYNE YACHT CLUB INC

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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

1955

Legal Domicile

Principal Officer

LUIS FELIPE PORRO

Phone

3053619171

Tax Period

2024-04-01 to 2025-03-31

KEY BISCAYNE YACHT CLUB INC, founded in 1955, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2024. Expenses of $13.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

KEY BISCAYNE YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR 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 $417,027

Program Service Revenue $6,620,890

Investment Income $279,599

Other Revenue $4,498,892

TOTAL REVENUE $11,816,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,373,048

Fundraising Expenses $0

Other Expenses $7,211,094

TOTAL EXPENSES $13,584,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,816,408	$12,271,886	0.0%
Expenses	$13,584,142	$12,457,320	+0.1%
Net Income	$-1,767,734	$-185,434	+8.5%

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

215

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

$511,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISTINA CIURO	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
LUIS FELIPE PORRO	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JOHN F HALULA	TREASURER	1.00	Officer Director	$0	$0	$0
MATT S PATTULLO	SECRETARY	1.00	Officer Director	$0	$0	$0
EDUARDO L HERNANDEZ	COMMODORE	1.00	Officer Director	$0	$0	$0
KRISTEN CONNELL	GOVERNOR	1.00	Director	$0	$0	$0
JOE COOTE	GOVERNOR	1.00	Director	$0	$0	$0
ENRIQUE FALLA	GOVERNOR	1.00	Director	$0	$0	$0
YVY GARCIA	GOVERNOR	1.00	Director	$0	$0	$0
RICHARD M GOLDSTEIN	GOVERNOR	1.00	Director	$0	$0	$0
BRETT MOSS	GOVERNOR	1.00	Director	$0	$0	$0
CLAIRE MUELLER	GOVERNOR	1.00	Director	$0	$0	$0
JESSICA PORTELA	GOVERNOR	1.00	Director	$0	$0	$0
JAVIER J RODRIGUEZ	PAST COMMODORE	1.00	Director	$0	$0	$0
PABLO SANCHIS	GOVERNOR	1.00	Director	$0	$0	$0
JAMIE MCCAUGHAN TOMPKINS	GOVERNOR	1.00	Director	$0	$0	$0
ALEXANDRE FERNAND ULVERT	GOVERNOR	1.00	Director	$0	$0	$0
KENNETH TAYLOR WHITE	GOVERNOR	1.00	Director	$0	$0	$0
THOMAS KASSNER	GENERAL MANAGER / COO	40.00	Officer	$334,808	$19,963	$354,771
AMERILY CLEMENTE-FALCON	CONTROLLER	40.00	Officer	$150,830	$6,209	$157,039
MATTHEW MEDRANO	EXECUTIVE CHIEF	40.00	Highest	$148,934	$16,386	$165,320
BRANDON COLLURA	MARINA & FACILITIES DIR.	40.00	Highest	$139,426	$12,856	$152,282
DIANA RODRIGUEZ	MEMBERSHIP DIRECTOR	40.00	Highest	$104,077	$7,099	$111,176

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	$11,816,408	$13,584,142	$34,583,467	$-1,767,734
2024	$12,271,886	$12,457,320	$33,171,998	$-185,434
2023	$10,782,604	$11,760,808	$30,303,101	$-978,204
2022	$8,707,921	$10,535,946	$26,710,569	$-1,828,025
2021	$8,504,692	$7,484,046	$27,095,863	$1,020,646
2020	$3,866,370	$8,373,676	$25,752,769	$-4,507,306
2019	$3,843,848	$5,965,054	$11,413,616	$-2,121,206
2018	$6,035,035	$5,171,160	$11,042,209	$863,875