GALVESTON BOAT CLUB INC (EIN 740637556) - 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

1942

Legal Domicile

Principal Officer

ANDREW LESLIE

Phone

4094979525

Tax Period

2024-01-01 to 2024-12-31

GALVESTON BOAT CLUB INC, founded in 1942, is a small nonprofit that reported $372K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 30% operating margin.

Mission

TO PROVIDE STORAGE & LAUNCH FACILITIES & SOCIAL EVENTS.

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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 $0

Program Service Revenue $334,281

Investment Income $35,470

Other Revenue $2,314

TOTAL REVENUE $372,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,192

Fundraising Expenses $0

Other Expenses $214,021

TOTAL EXPENSES $259,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,065	$344,227	+0.1%
Expenses	$259,213	$227,716	+0.1%
Net Income	$112,852	$116,511	0.0%

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

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
ANDREW LESLIE	COMMODORE	1.00	Officer Director	$0	$0	$0
JOE MILLO	FLEET CAPTAIN	1.00	Officer Director	$0	$0	$0
ROBIN POLZIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT MASEL	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE BELL	DIRECTOR	1.00	Director	$0	$0	$0
LEE KINARD	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL LAINE	DIRECTOR	1.00	Director	$0	$0	$0
TYLER LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BRADFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MORIARTY WARD	DIRECTOR	1.00	Director	$0	$0	$0
ERIN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
HENRY PORRETTO	DIRECTOR	1.00	Director	$0	$0	$0
BEN WALCHER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WRIGHT	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	$372,065	$259,213	$2,498,970	$112,852
2023	$344,227	$227,716	$2,401,293	$116,511
2022	$291,165	$193,679	$2,269,734	$97,486
2021	$266,722	$232,281	$2,172,121	$34,441
2020	$255,701	$188,338	$2,137,921	$67,363
2019	$259,262	$192,942	$2,089,994	$66,320
2018	$263,135	$164,198	$2,023,503	$98,937

GALVESTON BOAT CLUB INC