QUEEN CITY YACHT CLUB (EIN 910376843) - 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

1916

Legal Domicile

Principal Officer

MICHAEL DAY

Phone

2067092000

Tax Period

2023-10-01 to 2024-09-30

QUEEN CITY YACHT CLUB, founded in 1916, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $404K, a strong 26% operating margin.

Mission

THE OBJECT OF QUEEN CITY YACHT CLUB SHALL BE TO ENCOURAGE YACHTING, TO PROMOTE THE SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, MOORAGE, AND OTHER FACILITIES FOR THE USE AND RECREATION 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 (2023)

Revenue Breakdown

Contributions & Grants $405,462

Program Service Revenue $1,086,935

Investment Income $19,259

Other Revenue $30,534

TOTAL REVENUE $1,542,190

Expense Breakdown

Grants Paid $500

Salaries & Benefits $54,539

Fundraising Expenses $0

Program Expenses $1,137,751

Other Expenses $1,082,712

TOTAL EXPENSES $1,137,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,542,190	$1,530,534	+0.0%
Expenses	$1,137,751	$1,452,645	-0.2%
Net Income	$404,439	$77,889	+4.2%

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

480

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
JOYCE CARLSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN ELERT	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE FOOTE	TRUSTEE	1.00	Director	$0	$0	$0
BARRY STOLZMAN	TRUSTEE	1.00	Director	$0	$0	$0
MIGUEL SUAREZ	TRUSTEE	1.00	Director	$0	$0	$0
GARY TURNER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG WADDEN	R. COMMODORE	1.00	Director	$0	$0	$0
MICHELE BEDNER	P. COMMODORE	1.00	Officer	$0	$0	$0
MICHAEL DAY	COMMODORE	1.00	Officer	$0	$0	$0
DOUG GENORD	V. COMMODORE	1.00	Officer	$0	$0	$0
DAVID ULFERS	TREASURER	1.00	Officer	$0	$0	$0
ERIC WOOD	SECRETARY	1.00	Officer	$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	$1,542,190	$1,137,751	$5,945,758	$404,439
2023	$1,530,534	$1,452,645	$5,530,374	$77,889
2022	$1,362,043	$1,268,239	$5,428,074	$93,804
2021	$1,258,100	$1,270,104	$4,722,434	$-12,004
2020	$1,260,993	$1,156,716	$5,187,586	$104,277

QUEEN CITY YACHT CLUB