GULF HARBORS YACHT CLUB

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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

1961

Legal Domicile

Principal Officer

BRIAN ZAMORSKI

Phone

7278494559

Tax Period

2024-01-01 to 2024-12-31

GULF HARBORS YACHT CLUB, founded in 1961, is a small nonprofit that reported $465K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $541K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE CLUB PROVIDES RECREATIONAL ACTIVITIES, A RESTAURANT AND LOUNGE, AND BOAT DOCKS FOR USE OF MEMBERS.

Program Service Accomplishments

Program 1

PROVIDING DINING FACILITIES AVAILABLE EXCLUSIVELY TO MEMBERS AND THEIR GUESTS.

Program 2

PROVIDING LOUNGE FACILITIES AVAILABLE EXCLUSIVELY TO MEMBERS AND THEIR GUESTS.

Program 3

PROVIDING BOAT DOCKS FOR MEMBERS.

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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 $228,690

Program Service Revenue $229,133

Investment Income $-2,621

Other Revenue $10,005

TOTAL REVENUE $465,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,389

Fundraising Expenses $0

Other Expenses $397,983

TOTAL EXPENSES $541,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,207	$514,196	-0.1%
Expenses	$541,372	$548,495	0.0%
Net Income	$-76,165	$-34,299	+1.2%

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
BRIAN ZAMORSKI	COMMODORE	15.00	Officer	$0	$0	$0
RICHARD CANTWELL	VICE COMMODO	15.00	Officer	$0	$0	$0
YVONNE LAURO	REAR COMMODO	15.00	Officer	$0	$0	$0
CATHY LABUZ	TREASURER	15.00	Officer	$0	$0	$0
KRIS THOMPSON	SECRETARY	5.00	Officer	$0	$0	$0
PAUL SCHRODER	FLEET CAPTAI	5.00	Director	$0	$0	$0
PAT HERMANN	FLEET CHAPLA	5.00	Director	$0	$0	$0
NANCY MANN	FLEET SURGEO	5.00	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
2024	$465,207	$541,372	$181,898	$-76,165
2023	$514,196	$548,495	$192,580	$-34,299
2022	$442,815	$457,642	$228,905	$-14,827
2021	$494,380	$422,566	$242,355	$71,814
2020	$322,738	$363,567	$227,571	$-40,829
2019	$471,136	$437,539	$213,300	$33,597
2018	$449,499	$419,134	$167,805	$30,365