AUSTIN 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

1955

Legal Domicile

Principal Officer

REBECCA HESTON

Phone

5122661336

Tax Period

2023-01-01 to 2023-12-31

AUSTIN YACHT CLUB, founded in 1955, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Net assets of $2.4M represent 25 months of operating reserves.

Mission

THE AUSTIN YACHT CLUB (AYC) IS A PREMIER SAILING CLUB WITH AN EMPHASIS ON SAILBOAT RACING, SAILING EDUCATION, AND SOCIAL ACTIVITIES FOR THE ENTIRE FAMILY. AYC CREATES A FOCUSED AND RELAXED ATMOSPHERE WITH FAMILY ORIENTED ACTIVITIES CENTERED AROUND VOLUNTEERISM IN LEADERSHIP, COMMITTEES, EVENTS, AND ACTIVITIES.

Program Service Accomplishments

Program 1

PROMOTION OF RECREATIONAL, SOCIAL, SAILING AND OTHER WATER SPORTS ACTIVITIES ON THE LAKES OF TEXAS.

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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 $0

Program Service Revenue $1,203,367

Investment Income $19,429

Other Revenue $-42,448

TOTAL REVENUE $1,180,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,650

Fundraising Expenses $0

Other Expenses $1,010,775

TOTAL EXPENSES $1,244,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,180,348	$1,155,179	+0.0%
Expenses	$1,244,425	$1,018,573	+0.2%
Net Income	$-64,077	$136,606	-1.5%

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

200

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
RUSS SHERMER	COMMODORE	10.00	Officer Director	$0	$0	$0
ANNE MORLEY	IMMEDIATE PAST COMMODORE	10.00	Officer Director	$0	$0	$0
BILL HAWK	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
DAVID JAMAIL	TREASURER	10.00	Officer Director	$0	$0	$0
LYNN JAEGAR	SECRETARY	10.00	Officer Director	$0	$0	$0
KURT CARSON	RACE COMMANDER	10.00	Officer Director	$0	$0	$0
TOM GROLL	HARBOR COMMANDER	10.00	Officer Director	$0	$0	$0
LINDA MCDAVITT	SAIL TRAINING COMMANDER	10.00	Officer Director	$0	$0	$0
JEFF SABUDA	BUILDINGS & GROUNDS COMMANDER	10.00	Officer 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	$1,180,348	$1,244,425	$2,472,990	$-64,077
2022	$1,155,179	$1,018,573	$2,501,797	$136,606
2021	$1,095,105	$938,574	$2,388,226	$156,531
2020	$875,818	$852,239	$2,236,591	$23,579
2019	$946,095	$939,572	$2,192,172	$6,523
2018	$922,160	$753,682	$2,191,158	$168,478