LAKE GUNTERSVILLE YACHT CLUB

EIN: 636015448

GUNTERSVILLE, AL

Total Revenue
$539,988
Total Expenses
$481,408
Total Assets
$969,417
Net Assets
$555,551
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
AL
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 $398K in total revenue in fiscal year 2018.

Mission

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

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Trantor Score

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

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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

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Governance

Voting Members
18
Independent Members
18
Employees
3
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
6
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
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
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