LAKE GUNTERSVILLE 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

1942

Legal Domicile

Principal Officer

PETE VAN STAAGEN

Phone

2565824410

Tax Period

2023-01-01 to 2023-12-31

LAKE GUNTERSVILLE YACHT CLUB, founded in 1942, is a small nonprofit that reported $540K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $481K left a modest 11% surplus.

Mission

YACHT CLUB ORGANIZED FOR THE PURPOSE OF PROMOTING SOCIAL FELLOWSHIP AMONG, AND TO FURNISH PLEASURE, HAPPINESS, HEALTH AND RECREATION TO ITS MEMBERS.

Program Service Accomplishments

Program 1

YACHT CLUB ORGANIZED FOR THE PURPOSE OF PROMOTING SOCIAL FELLLOWSHIP AMONG, AND TO FURNISH PLEASURE, HAPPINESS, HEALTH AND RECREATION TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $539,988

Investment Income $0

Other Revenue $0

TOTAL REVENUE $539,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,125

Fundraising Expenses $0

Other Expenses $378,283

TOTAL EXPENSES $481,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$539,988	$473,981	+0.1%
Expenses	$481,408	$494,192	0.0%
Net Income	$58,580	$-20,211	-3.9%

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

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
STEVE BOSSE	REAR COMM.	2.00	Officer Director	$0	$0	$0
SKIP BOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG CREECH	TREASURER	2.00	Officer Director	$0	$0	$0
GLENN CURENTON	CHAIRMAN	1.00	Director	$0	$0	$0
MARCIA ELKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN FACHET	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY HEDDEN	MEMBER AT LA	1.00	Director	$0	$0	$0
KURT KRALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK LYDICK	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY MCCARTY	VICE COMM.	2.00	Officer Director	$0	$0	$0
DICK MORTIMER	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE NYENHUIS	FLEET CAPTAI	2.00	Officer Director	$0	$0	$0
TOMMY PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOYCE ROSS	SECRETARY	2.00	Officer Director	$0	$0	$0
PETE VAN STAAGEN	COMMODORE	2.00	Officer Director	$0	$0	$0
PAUL TATUM	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK WILLIS	IMMEDIATE PA	1.00	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	No data	No data	No data	No data
2023	$539,988	$481,408	$969,417	$58,580
2022	$473,981	$494,192	$935,187	$-20,211
2021	$526,501	$492,146	$978,984	$34,355
2020	$461,063	$435,014	$951,322	$26,049
2019	$420,907	$425,358	$944,693	$-4,451
2018	$397,779	$416,872	$1,073,397	$-19,093