SMYRNA YACHT CLUB INC (EIN 591159107) - 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

1928

Legal Domicile

Principal Officer

JUSTIN WRIGHT

Phone

3864274040

Tax Period

2023-01-01 to 2023-12-31

SMYRNA YACHT CLUB INC, founded in 1928, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

PRIVATE CLUB ACTIVITY.

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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 $1,885

Program Service Revenue $1,895,967

Investment Income $11,245

Other Revenue $1,032,113

TOTAL REVENUE $2,941,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,459,616

Fundraising Expenses $0

Other Expenses $1,410,570

TOTAL EXPENSES $2,870,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,941,210	$2,427,616	+0.2%
Expenses	$2,870,186	$2,392,400	+0.2%
Net Income	$71,024	$35,216	+1.0%

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

169

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

$294,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN NORTH	COMMODORE	15.00	Officer Director	$0	$0	$0
BILL ROBINSON	VICE-COMMODORE	5.00	Officer Director	$0	$0	$0
CHRISTINE ELNITSKY	REAR-COMMODORE	5.00	Officer Director	$0	$0	$0
TIM PAYNE	SECRETARY	5.00	Officer Director	$0	$0	$0
BERNIE MCCARTHY	TREASURER	5.00	Officer Director	$0	$0	$0
BRIAN FLORA	FLEET CAPTAIN/GOVERNOR	2.00	Director	$0	$0	$0
DAVE HOFFMAN	GOVERNOR	2.00	Director	$0	$0	$0
JON ROSENBERG	GOVERNOR	2.00	Director	$0	$0	$0
CHIP BEEDLE	GOVERNOR	2.00	Director	$0	$0	$0
JOE CRONIN	COMMODORE UNTIL JAN 2023	15.00	Officer Director	$0	$0	$0
JUSTIN WRIGHT	GENERAL MANAGER	50.00	Officer	$152,000	$24,112	$176,112
JIM JACKSON	CONTROLLER	40.00	Officer	$107,275	$11,584	$118,859

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	No data	No data	No data	No data
2023	$2,941,210	$2,870,186	$4,464,776	$71,024
2022	$2,427,616	$2,392,400	$4,246,479	$35,216
2021	$2,209,111	$1,987,850	$4,101,140	$221,261
2020	$1,888,345	$1,727,912	$3,762,503	$160,433
2019	$2,041,699	$1,863,425	$3,557,436	$178,274
2018	$2,815,205	$1,679,349	$3,337,546	$1,135,856

SMYRNA YACHT CLUB INC