Boca Ciega Yacht Club (EIN 591143066) - 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

1966

Legal Domicile

Phone

7278222484

Tax Period

2023-01-01 to 2023-12-31

Boca Ciega Yacht Club, founded in 1966, is a small nonprofit that reported $122K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $193K exceeded revenue, resulting in a 58% operating deficit.

Mission

Boca Ciega Yacht Club, Inc. is organized exclusively as a private social club to: promote safe boating activities promote instruction and education in safe boating and all nautical activities foster fellowship and camaraderie among the members and for other nonprofit purposes within the meaning of 501c7 of the Internal Revenue Code of 1986, as amended.

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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 $505

Program Service Revenue $108,818

Investment Income $12,535

Other Revenue $0

TOTAL REVENUE $121,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $192,694

TOTAL EXPENSES $192,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,858	$134,385	-0.1%
Expenses	$192,694	$252,930	-0.2%
Net Income	$-70,836	$-118,545	-0.4%

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

N/A

Employees

N/A

Volunteers

230

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
Jennifer Ware	Secretary	20.00	Officer Director	$0	$0	$0
Margaret Banitch	Treasurer	20.00	Officer Director	$0	$0	$0
Don Rogers	Vice President	15.00	Officer Director	$0	$0	$0
John Weber	President	15.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$121,858	$192,694	$668,504	$-70,836
2023	$121,858	$192,694	$668,504	$-70,836
2022	$134,385	$252,930	$738,924	$-118,545
2021	$179,668	$204,983	$926,438	$-25,315
2020	$124,076	$106,738	$951,706	$17,338
2019	$159,788	$140,076	$934,073	$19,712
2018	$162,255	$127,713	$913,906	$34,542

Boca Ciega Yacht Club