TEXAS CORINTHIAN YACHT CLUB (EIN 740939397) - 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

1937

Legal Domicile

Principal Officer

FRANK DONNELLY

Phone

2813391566

Tax Period

2024-01-01 to 2024-12-31

TEXAS CORINTHIAN YACHT CLUB, founded in 1937, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE FOR THE EDUCATION AND RECREATION OF THEIR YOUTH AND ADULTS IN THE ART OF SAILING.

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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 $1,311,553

Investment Income $13,866

Other Revenue $849,914

TOTAL REVENUE $2,175,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,493

Fundraising Expenses $0

Other Expenses $1,463,276

TOTAL EXPENSES $2,304,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,175,333	$2,153,688	+0.0%
Expenses	$2,304,769	$2,380,602	0.0%
Net Income	$-129,436	$-226,914	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW WRIGHT	COMMORDORE	30.00	Director	$0	$0	$0
CLARK THOMPSON	PAST COMMODORE	20.00	Director	$0	$0	$0
EVANGELINE ATKINSON	VICE COMMODORE	20.00	Director	$0	$0	$0
PIERCE OWENS	REAR COMMODORE	10.00	Director	$0	$0	$0
HENRY CONOR JOHNSTON	TREASURER	20.00	Director	$0	$0	$0
KURTH ANDERSON	FLEET CAPTAIN	10.00	Director	$0	$0	$0
MILLS BOWMAN	SECRETARY	10.00	Director	$0	$0	$0
STACY STEGLICH	GENERAL MANAGER	40.00	Highest	$139,965	$19,928	$159,893

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	$2,175,333	$2,304,769	$4,601,299	$-129,436
2023	$2,153,688	$2,380,602	$4,850,648	$-226,914
2022	$2,819,143	$2,208,123	$5,013,012	$611,020
2021	$1,941,977	$2,244,963	$4,593,065	$-302,986
2020	$1,825,529	$1,870,969	$5,013,611	$-45,440

TEXAS CORINTHIAN YACHT CLUB