OCEAN SPRINGS YACHT CLUB (EIN 640629203) - 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

1969

Legal Domicile

Principal Officer

MEADE TYLER

Phone

2288751915

Tax Period

2024-01-01 to 2024-12-31

OCEAN SPRINGS YACHT CLUB, founded in 1969, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO PROMOTE, FOSTER AND AFFORD OPPORTUNITES FOR THE ENJOYMENT OF BOATING; TO OPERERATE A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS; TO PROVIDE FOR SOCIAL INTERCOURSE AND INTELLECTUAL IMPROVEMENT, AND AMUSEMENT OF 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 (2024)

Revenue Breakdown

Contributions & Grants $762,915

Program Service Revenue $0

Investment Income $10,027

Other Revenue $260,325

TOTAL REVENUE $1,033,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,813

Fundraising Expenses $0

Other Expenses $488,202

TOTAL EXPENSES $1,033,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,033,267	$1,183,527	-0.1%
Expenses	$1,033,015	$966,628	+0.1%
Net Income	$252	$216,899	-1.0%

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

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
WILLIAM BUCHANAN	SECRETARY	5.00	Officer	$0	$0	$0
LLOYD HEBERT	PAST COMMODORE	4.00	Officer	$0	$0	$0
CARROLL KOVACEVICH	VICE COMMODORE	5.00	Officer	$0	$0	$0
NICOLE MCCLENDON	COMMODORE	5.00	Officer	$0	$0	$0
MICHAEL RAMSEY	REAR COMMADORE	4.00	Officer	$0	$0	$0
AMANDA ROMANO	FLEET CAPTAIN	2.00	Officer	$0	$0	$0
MEADE TYLER	TREASURER	5.00	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	$1,033,267	$1,033,015	$2,001,282	$252
2023	$1,183,527	$966,628	$2,075,375	$216,899
2023	$1,518,297	$1,309,494	$2,085,655	$208,803
2022	$889,295	$855,721	$1,908,326	$33,574
2021	$803,169	$812,601	$1,934,170	$-9,432
2020	$660,113	$638,411	$1,840,448	$21,702
2019	$597,824	$595,443	$1,871,128	$2,381
2018	$560,648	$562,701	$1,907,965	$-2,053
2017	$509,653	$536,692	$1,946,528	$-27,039

OCEAN SPRINGS YACHT CLUB