The Fort Worth Boat Club (EIN 750275000) - 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

1932

Legal Domicile

Principal Officer

Marc Nilsson

Phone

8172368393

Tax Period

2024-10-01 to 2025-09-30

The Fort Worth Boat Club, founded in 1932, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

The Fort Worth Boat Club exists to provide a boat club for the benefit of its members.

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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 $100

Program Service Revenue $1,681,442

Investment Income $8,567

Other Revenue $635,608

TOTAL REVENUE $2,325,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,561

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,049,604

TOTAL EXPENSES $2,762,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,325,717	$2,593,457	-0.1%
Expenses	$2,762,165	$2,629,947	+0.1%
Net Income	$-436,448	$-36,490	+11.0%

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

$201,614

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Radomski	General Manager	40.0	Key Emp	$170,873	$30,741	$201,614
Juan Carlos Romero	Sailing Director	40.0	Highest	$134,678	$8,258	$142,936
Chad Cline	Treasurer	0.5	Officer Director	$0	$0	$0
Marc Nilsson	Vice Commodore	0.5	Officer Director	$0	$0	$0
Matt Talton	Governor	0.5	Director	$0	$0	$0
E Mark Smith	Commodore	0.5	Officer Director	$0	$0	$0
Michael Winfrey	Governor	0.5	Director	$0	$0	$0
Robert Karov	Rear Commodore	0.5	Officer Director	$0	$0	$0
Brandon Mabry	Governor	0.5	Director	$0	$0	$0
Martin Peacey	Governor	0.5	Director	$0	$0	$0
Mark Hatten	Governor	0.5	Director	$0	$0	$0
Philip Williamson	Governor	0.5	Director	$0	$0	$0
Phillip Harrell	Secretary	0.5	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
2025	$2,325,717	$2,762,165	$8,678,405	$-436,448
2024	$2,593,457	$2,629,947	$8,920,578	$-36,490
2023	$2,379,970	$2,516,623	$8,946,376	$-136,653
2022	$2,442,242	$2,076,292	$8,505,563	$365,950
2021	$2,187,174	$1,639,426	$4,616,583	$547,748
2020	$1,815,318	$1,822,317	$3,246,741	$-6,999
2019	$1,667,059	$1,564,854	$3,240,373	$102,205
2018	$1,589,453	$1,542,208	$3,462,818	$47,245

The Fort Worth Boat Club