Port Arthur Yacht Club (EIN 741620798) - 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

1965

Legal Domicile

Principal Officer

Drake Thibodeaux

Phone

4095043047

Tax Period

2024-01-01 to 2024-12-31

Port Arthur Yacht Club, founded in 1965, is a micro nonprofit that reported $19K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $18K left a modest 6% surplus.

Mission

Port Arthur Yacht Club's mission is to encourage yachting in a safe and sporting manner.

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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 $18,750

Investment Income $7

Other Revenue $303

TOTAL REVENUE $19,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $17,907

TOTAL EXPENSES $17,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,060	$23,432	-0.2%
Expenses	$17,907	$41,585	-0.6%
Net Income	$1,153	$-18,153	-1.1%

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

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	Role	Reportable Comp	Other Comp	Total
Solomon Freimuth	Board Member	Director	$0	$0	$0
Art Lynd	Board Member	Director	$0	$0	$0
Drake Thibodaux	Treasurer	Officer Director	$0	$0	$0
Don Hearn	Commodore	Officer Director	$0	$0	$0
Shawn Pichoff	Board Member	Director	$0	$0	$0
Gary Hollier	Trustee	Director	$0	$0	$0
David Bradley	Vice Commodore	Officer Director	$0	$0	$0
KC Kitchens	Secretary	Officer Director	$0	$0	$0
Brian Meadowcroft	Board Member	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	$19,060	$17,907	$125,954	$1,153
2023	$23,432	$41,585	$124,931	$-18,153
2022	$47,511	$43,880	$351,541	$3,631
2021	$46,055	$38,747	$347,973	$7,308
2020	$43,706	$37,684	$341,952	$6,022
2019	$30,396	$25,706	$335,695	$4,690

Port Arthur Yacht Club