FAIRHOPE YACHT CLUB (EIN 630249756) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Phone

2519283276

Tax Period

2024-01-01 to 2024-12-31

FAIRHOPE YACHT CLUB, founded in 1944, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2020.

Mission

The organization purpose is to support and encourage the sport of yachting including sailing racing power boating and cruising

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,130,878

Program Service Revenue $331,712

Investment Income $31,491

Other Revenue $996,544

TOTAL REVENUE $2,490,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,040,755

Fundraising Expenses $0

Program Expenses $446,393

Other Expenses $1,454,900

TOTAL EXPENSES $2,495,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,490,625	$2,246,405	+0.1%
Expenses	$2,495,655	$2,273,960	+0.1%
Net Income	$-5,030	$-27,555	-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

106

Volunteers

150

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

$186,621

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pat Colvin	Office Manager	40.00	Key Emp	$60,113	$0	$60,113
David Willits	General Manager	40.00	Key Emp	$126,508	$0	$126,508
Catherin Cromartie	Board Chairman	8.00	Director	$0	$0	$0
David Roberts	Board Member	8.00	Director	$0	$0	$0
John Cocke	Board Member	8.00	Director	$0	$0	$0
Michael Amos	Board Member	8.00	Director	$0	$0	$0
Monty Montgomery	Board Member	8.00	Director	$0	$0	$0
Scot Hartwell	Board Member	8.00	Director	$0	$0	$0
Bob Kinler	Board Member	8.00	Director	$0	$0	$0
Philip Durant	Commodore	16.00	Officer	$0	$0	$0
John Adams	Vice Commodore	8.00	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
2025	No data	No data	No data	No data
2024	$2,490,625	$2,495,655	$6,674,927	$-5,030
2023	$2,246,405	$2,273,960	$6,771,798	$-27,555
2022	$2,071,276	$1,970,717	$6,893,527	$100,559
2021	$1,926,688	$1,800,932	$6,876,311	$125,756
2020	$1,546,795	$1,696,038	$6,817,529	$-149,243

FAIRHOPE YACHT CLUB