HOUSTON YACHT CLUB

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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

1936

Legal Domicile

Principal Officer

KEN HUMPHRIES

Phone

2814711255

Tax Period

2023-10-01 to 2024-09-30

HOUSTON YACHT CLUB, founded in 1936, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE HOUSTON YACHT CLUB IS TO ENCOURAGE AND SUPPORT THE SPORT OF YACHTING, SAILING, AND RELATED ACTIVITIES, INCLUDING PROVIDING FELLOWSHIP IN THE YACHTING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,425,534 Revenue: $1,366,913

THE CLUB PROVIDES SOCIAL ACTIVITIES (INCLUDING FOOD SERVICE), EDUCATIONAL PROGRAMS, AND BOAT STORAGE FACILITIES FOR ITS APPROXIMATELY 350 MEMBERS, THEIR FAMILIES, AND CLUB GUESTS. THERE IS A STRONG EMPHASIS ON EDUCATIONAL YOUTH PROGRAMS AS WELL AS ADULT RACING, EDUCATION AND YACHTING EVENTS.

Program 2

Expenses: $149,846 Revenue: $126,240

THE CLUB OFFERS AFTER-SCHOOL AND SUMMER PROGRAMS FOR YOUTH EDUCATION. THE YOUTH PROGRAM PROVIDES EDUCATIONAL PROGRAMS TO OVER 200 YOUTH ON BOATING SAFETY AND RACING, LEADERSHIP, AND SUPPORTS THE...

THE CLUB OFFERS AFTER-SCHOOL AND SUMMER PROGRAMS FOR YOUTH EDUCATION. THE YOUTH PROGRAM PROVIDES EDUCATIONAL PROGRAMS TO OVER 200 YOUTH ON BOATING SAFETY AND RACING, LEADERSHIP, AND SUPPORTS THE YOUTH IN REGIONAL AND NATIONAL SAILING AND RACING COMPETITIONS. THE CLUB HOSTED NUMEROUS YOUTH REGATTAS, INCLUDING TEXAS YOUTH RACE WEEK, VARIOUS SPECIALTY CLINICS AND TSA EVENTS, AND FALL AND SPRING AFTER-SCHOOL PROGRAMS. ONSHORE ACTIVITIES INCLUDED EDUCATIONAL PURSUITS, LEADERSHIP TRAINING, AND COLOR GUARD CHANGE OF WATCH. ALSO, HYC YOUTH REGULARLY PARTICIPATE IN NORTH AMERICAN AND US NATIONAL CHAMPIONSHIPS.

Program 3

Expenses: $33,740 Revenue: $64,555

THE CLUB SPONSORS SAILBOAT RACES AND TRAINING THROUGHOUT THE YEAR FOR ITS MEMBERS, INCLUDING SPECIALTY CLINICS, TEXAS SAILING ASSOCIATION (TSA) YOUTH EVENTS, AND BOTH FALL, WINTER, AND SPRING...

THE CLUB SPONSORS SAILBOAT RACES AND TRAINING THROUGHOUT THE YEAR FOR ITS MEMBERS, INCLUDING SPECIALTY CLINICS, TEXAS SAILING ASSOCIATION (TSA) YOUTH EVENTS, AND BOTH FALL, WINTER, AND SPRING AFTER-SCHOOL PROGRAMS. ONSHORE ACTIVITIES INCLUDE EDUCATIONAL PROGRAMS, LEADERSHIP TRAINING, SOCIAL PROGRAMS, AND THE COLOR GUARD CHANGE OF WATCH CEREMONY. HYC YOUTH AND ADULTS REGULARLY PARTICIPATE IN NORTH AMERICAN AND U.S. NATIONAL CHAMPIONSHIPS. THE CLUB ALSO HOSTS RACES AND REGATTAS FOR SAILBOAT FLEETS OUTSIDE THE CLUB AND TRAINS RACE MANAGEMENT OFFICIALS WHO VOLUNTEER FOR LOCAL AND NATIONAL EVENTS. EDUCATIONAL AND INFORMATION SEMINARS ON VARIOUS ASPECTS ARE ALSO OFFERED TO HUNDREDS OF THOUSANDS OF FAMILIES IN OUR COMMUNITY AND MEMBERSHIP EACH YEAR.

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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 $1,725,920

Program Service Revenue $1,557,567

Investment Income $82,154

Other Revenue $123,628

TOTAL REVENUE $3,489,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,244,644

Fundraising Expenses $0

Program Expenses $3,609,120

Other Expenses $2,364,476

TOTAL EXPENSES $3,609,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,489,269	$3,173,299	+0.1%
Expenses	$3,609,120	$3,521,058	+0.0%
Net Income	$-119,851	$-347,759	-0.7%

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

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

$124,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GRIFFEY	COMMODORE	15.00	Officer Director	$0	$0	$0
MADONNA BREEN	VICE COMMODORE	15.00	Officer Director	$0	$0	$0
JACK CRONAN	REAR COMMODORE	15.00	Officer Director	$0	$0	$0
JULIANE GRAHAM	TREASURER	5.00	Officer Director	$0	$0	$0
DENISE ROBINSON	SECRETARY	5.00	Officer Director	$0	$0	$0
GREG WAY	FLEET CAPTAIN	5.00	Officer Director	$0	$0	$0
MARILYN EILAND	MEASURER	5.00	Officer Director	$0	$0	$0
JOHN CUTLER	TRUSTEE	5.00	Director	$0	$0	$0
MURPHY GRAHAM	TRUSTEE	5.00	Director	$0	$0	$0
SARAH HAMPTON	TRUSTEE	5.00	Director	$0	$0	$0
TIM JOHNSON	TRUSTEE	5.00	Director	$0	$0	$0
MEGAN LARSON	TRUSTEE	5.00	Director	$0	$0	$0
TRACI MCCREADY	TRUSTEE	5.00	Director	$0	$0	$0
NICK MOORE	TRUSTEE	5.00	Director	$0	$0	$0
TREY PERDUE	TRUSTEE	5.00	Director	$0	$0	$0
ERNEST BRAUNER	GENERAL MANAGER	40.00	Officer	$119,247	$4,787	$124,034

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	$3,489,269	$3,609,120	$3,308,640	$-119,851
2023	$3,173,299	$3,521,058	$3,586,038	$-347,759
2022	$3,717,655	$3,579,129	$4,008,033	$138,526
2021	$2,766,177	$3,238,436	$3,811,850	$-472,259
2020	$2,531,279	$2,758,297	$4,329,556	$-227,018