CHARLOTTE HARBOR YACHT CLUB INC (EIN 591500408) - 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

1973

Legal Domicile

Principal Officer

TOM O'BRIEN

Phone

8136295131

Tax Period

2022-01-01 to 2022-12-31

CHARLOTTE HARBOR YACHT CLUB INC, founded in 1973, is a small nonprofit that reported $987K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE SOCIAL ACTIVITIES FOR BOATERS AND NONBOATERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $865,273

Investment Income $12

Other Revenue $121,758

TOTAL REVENUE $987,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,365

Fundraising Expenses $0

Other Expenses $703,436

TOTAL EXPENSES $1,137,801

Year-over-Year Comparison

	2022	2021	Change
Revenue	$987,043	$798,014	+0.2%
Expenses	$1,137,801	$882,133	+0.3%
Net Income	$-150,758	$-84,119	+0.8%

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
JAVIER ALBARRAN	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BENNETT	VICE COMMODO	N/A	Officer Director	$0	$0	$0
BEVERLY BRADY	DIRECTOR	N/A	Director	$0	$0	$0
RALPH DECESARE	REAR COMMODO	N/A	Officer Director	$0	$0	$0
DOUG FOSTER	TREASURER	N/A	Officer Director	$0	$0	$0
MARTIN HOLLAND	PAST COMMODO	N/A	Officer Director	$0	$0	$0
JEFF LETTERI	FLEET CAPTAI	N/A	Officer Director	$0	$0	$0
DAN NERY	DIRECTOR	N/A	Director	$0	$0	$0
TOM O'BRIEN	COMMORDORE	N/A	Officer Director	$0	$0	$0
TONY POCKLINGTON	DIRECTOR	N/A	Director	$0	$0	$0
ROGER STRUBE	SECRETARY	N/A	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
2023	No data	No data	No data	No data
2022	$987,043	$1,137,801	$95,553	$-150,758
2021	$798,014	$882,133	$315,565	$-84,119
2020	$668,156	$767,498	$201,769	$-99,342

CHARLOTTE HARBOR YACHT CLUB INC