NAPLES YACHT CLUB - BLUE GAVEL SCHOLARSHIP FUND (EIN 593467966) - 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

1997

Legal Domicile

Principal Officer

JOSEPH MCCLANATHAN

Phone

2393009116

Tax Period

2023-01-01 to 2023-12-31

NAPLES YACHT CLUB - BLUE GAVEL SCHOLARSHIP FUND, founded in 1997, is a small nonprofit in the Education sector that reported $135K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE SCHOLARSHIP FUND AWARDED SCHOLARSHIPS TO COLLIER COUNTY HIGH SCHOOL SENIORS AND EMPLOYEES OF THE NAPLES YACHT CLUB.

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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 $129,925

Program Service Revenue $0

Investment Income $3,300

Other Revenue $1,911

TOTAL REVENUE $135,136

Expense Breakdown

Grants Paid $201,955

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,955

Other Expenses $6,873

TOTAL EXPENSES $208,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,136	$194,202	-0.3%
Expenses	$208,828	$109,806	+0.9%
Net Income	$-73,692	$84,396	-1.9%

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

N/A

Volunteers

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
JAMES R LOZELLE	DIRECTOR	1.00	Director	$0	$0	$0
DONALD WINGARD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MCCLANATHAN	PRESIDENT	1.00	Officer	$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	No data	No data	No data	No data
2023	$135,136	$208,828	$473,835	$-73,692
2022	$194,202	$109,806	$547,527	$84,396

NAPLES YACHT CLUB - BLUE GAVEL SCHOLARSHIP FUND