ISLES YACHT CLUB INC

EIN: 591673859 Recreation & Sports

PUNTA GORDA, FL

Total Revenue
$4,131,030
Total Expenses
$3,893,603
Total Assets
$6,909,773
Net Assets
$4,913,745
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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
1976
Legal Domicile
FL
Principal Officer
DANNIELLE MILLER
Phone
9416397551
Tax Period
2024-03-01 to 2025-02-28

ISLES YACHT CLUB INC, founded in 1976, is a community nonprofit in the Recreation & Sports sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 6% surplus.

Mission

TO PROVIDE BOATING AND SOCIAL FACILITIES FOR OUR MEMBERS AND THEIR GUESTS, TO PROMOTE GOOD BOATING PRACTICES AND MARINE COMPETITION, AND TO PROVIDE OTHER RECREATIONAL SPORTS FACILITIES, I.E., TENNIS COURTS, SWIMMING POOL, AND FITNESS AND ACTIVITIES CENTER FOR OUR MEMBERS' BENEFIT AND TO ENCOURAGE SOCIAL INTERACTION.

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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 $2,512,963
Program Service Revenue $512,950
Investment Income $30,470
Other Revenue $1,074,647
TOTAL REVENUE $4,131,030

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,938,495
Fundraising Expenses $0
Other Expenses $1,955,108
TOTAL EXPENSES $3,893,603

Year-over-Year Comparison

2024 2023 Change
Revenue $4,131,030 $2,522,052 +0.6%
Expenses $3,893,603 $2,391,591 +0.6%
Net Income $237,427 $130,461 +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

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Governance

Voting Members
12
Independent Members
12
Employees
113
Volunteers
200

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK BUSCH COMMODORE 0.00
Officer Director
$0 $0 $0
BRIAN BARCIC VICE COMMODORE 0.00
Officer Director
$0 $0 $0
FRANK LEYSHON REAR COMMODORE 0.00
Officer Director
$0 $0 $0
DOUG SCHEID FLEET CAPTAIN 0.00
Officer Director
$0 $0 $0
VICKI RIGGS BOARD SECRETARY 0.00
Officer Director
$0 $0 $0
CHARLIE WOLLEY FINANCE OFFICER 0.00
Officer Director
$0 $0 $0
DUANE ISING ACTIVITIES DIR. 0.00
Director
$0 $0 $0
RUDY ASKEW BYLAWS DIR. 0.00
Director
$0 $0 $0
DENNIS CANTWELL COMM. DIR 0.00
Director
$0 $0 $0
BOB AVALLONE HOSPITALITY DIR 0.00
Director
$0 $0 $0
PAUL BENSON MEMBERSHIP DIR 0.00
Director
$0 $0 $0
CAROL NUZZO PLANNING DIR 0.00
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 $4,131,030 $3,893,603 $6,909,773 $237,427
2024 $2,522,052 $2,391,591 $7,272,026 $130,461
2023 $2,539,368 $2,342,849 $7,154,944 $196,519
2022 $2,153,839 $1,879,942 $7,144,552 $273,897
2021 $1,935,942 $1,835,906 $6,851,650 $100,036
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