MARCO ISLAND YACHT CLUB INC (EIN 651116984) - 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

2001

Legal Domicile

Principal Officer

DAVID EVERITT

Phone

2393940199

Tax Period

2024-10-01 to 2025-09-30

MARCO ISLAND YACHT CLUB INC, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $6.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $6.0M left a modest 4% surplus.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE TO PROVIDE LEISURE AND RECREATION.

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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 $2,458,190

Program Service Revenue $2,625,011

Investment Income $37,136

Other Revenue $1,153,144

TOTAL REVENUE $6,273,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,401,034

Fundraising Expenses $0

Other Expenses $3,644,339

TOTAL EXPENSES $6,045,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,273,481	$7,139,907	-0.1%
Expenses	$6,045,373	$8,445,066	-0.3%
Net Income	$228,108	$-1,305,159	-1.2%

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

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

$140,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HENNESSY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ELENA MCFANN	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM RICH	DIRECTOR	2.00	Director	$0	$0	$0
GEOFF WALKER	DIRECTOR	2.00	Director	$0	$0	$0
CINDY KROEGER	DIRECTOR	2.00	Director	$0	$0	$0
GERRY GORMAN	TREASURER	2.00	Officer Director	$0	$0	$0
MAUREEN BAUWENS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID EVERITT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOM MORRISON	DIRECTOR	2.00	Director	$0	$0	$0
KEN BOSTROM	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA MILANESE	CLUB MANAGER	40.00	Officer	$140,800	$0	$140,800

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	$6,273,481	$6,045,373	$21,095,233	$228,108
2024	$7,139,907	$8,445,066	$19,393,895	$-1,305,159
2023	$3,068,320	$2,814,637	$20,835,779	$253,683
2022	$11,770,988	$2,663,183	$14,283,107	$9,107,805
2021	$1,769,798	$1,793,049	$9,933,861	$-23,251
2020	$1,299,535	$1,431,911	$9,501,991	$-132,376
2019	$1,366,863	$1,398,262	$4,943,876	$-31,399
2018	$1,230,056	$1,292,931	$4,881,945	$-62,875

MARCO ISLAND YACHT CLUB INC