RICHMOND YACHT CLUB FOUNDATION (EIN 680211996) - 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

1989

Legal Domicile

Principal Officer

HILL BLACKETT

Tax Period

2023-01-01 to 2023-12-31

RICHMOND YACHT CLUB FOUNDATION, founded in 1989, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 19% operating margin.

Mission

THE OBJECTIVES OF THE RICHMOND YACHT CLUB FOUNDATION SHALL BE TO FOSTER AMATEUR NATIONAL AND INTERNATIONAL YACHT RACING BY ASSISTING IN THE TRAINING OF AMATEUR YACHTSMEN AND YACHTSWOMEN FOR PARTICIPATION IN COMPETITIONS. PROVIDING ASSISTANCE, FOSTERING, AND PROMOTING PUBLIC INTEREST.

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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 $94,758

Program Service Revenue $5,361

Investment Income $165,897

Other Revenue $0

TOTAL REVENUE $266,016

Expense Breakdown

Grants Paid $197,589

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,633

Other Expenses $17,864

TOTAL EXPENSES $215,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,016	$162,448	+0.6%
Expenses	$215,453	$161,884	+0.3%
Net Income	$50,563	$564	+88.7%

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

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
DEL OLSEN	Director	1.00	Director	$0	$0	$0
BILL ERKELENS	Director	1.00	Director	$0	$0	$0
RUTH SUZUKI	Secretary	1.00	Officer Director	$0	$0	$0
THOMAS C KNOWLES	Director	1.00	Director	$0	$0	$0
HILL BLACKETT III	President	1.00	Officer Director	$0	$0	$0
ORNAITH KEANE	Director	1.00	Director	$0	$0	$0
MIKE QUINN	Director	1.00	Director	$0	$0	$0
ROBERT JOHNSTON	Treasurer	1.00	Officer Director	$0	$0	$0
JASPER VAN VLIET	Director	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	$266,016	$215,453	$1,758,719	$50,563
2022	$162,448	$161,884	$1,634,776	$564
2021	$102,560	$82,832	$1,913,758	$19,728
2020	$41,665	$107,335	$1,792,886	$-65,670
2019	$159,346	$108,282	$1,728,315	$51,064
2018	$180,535	$140,322	$1,561,202	$40,213

RICHMOND YACHT CLUB FOUNDATION