SEATTLE YACHT CLUB (EIN 910404140) - 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

1921

Legal Domicile

Principal Officer

JOHN CHUTA

Phone

2063251000

Tax Period

2023-11-01 to 2024-10-31

SEATTLE YACHT CLUB, founded in 1921, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2023. Net assets of $33.3M represent 35 months of operating reserves.

Mission

TO ENCOURAGE YACHTING AND BOATING OF ALL KINDS, AND THE DEVELOPMENT OF THE RECREATIONAL MARINE ADVANTAGES OF THE PACIFIC NORTHWEST.

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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 $8,526,327

Investment Income $459,340

Other Revenue $2,324,664

TOTAL REVENUE $11,310,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,102,353

Fundraising Expenses $0

Other Expenses $5,966,414

TOTAL EXPENSES $12,068,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,310,331	$11,081,790	+0.0%
Expenses	$12,068,767	$9,708,797	+0.2%
Net Income	$-758,436	$1,372,993	-1.6%

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
PHIL CALVERT	STAFF COMMODORE	1.00	Officer Director	$0	$0	$0
PAM LOWRY	COMMODORE THRU 10/25	1.00	Officer Director	$0	$0	$0
RANDY HOLBROOK	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
JOANNE JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JOE PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
SUZI WARD	TRUSTEE	1.00	Director	$0	$0	$0
NAOMI MEDLEY	TRUSTEE	1.00	Director	$0	$0	$0
ED SNYDERS	TRUSTEE	1.00	Director	$0	$0	$0
JON TELLEFSON	TRUSTEE	1.00	Director	$0	$0	$0
KIP CRAMER	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
JOHN CHUTA	TREASURER THRU 10/25	1.00	Officer Director	$0	$0	$0
TODD ORMSBY	GENERAL MANAGER	40.00	Highest	$210,995	$9,040	$220,035
TOD GREEN	DIRECTOR OF FINANCE	40.00	Highest	$181,913	$7,914	$189,827
BRIAN LEDBETTER	SAILING DIRECTOR	40.00	Highest	$167,968	$25,425	$193,393
JEFFREY BERTSCH	DIRECTOR OF OPERATIONS	40.00	Highest	$161,241	$26,050	$187,291
JORGE VALLEJO	BANQUET CAPTAIN	40.00	Highest	$142,554	$8,031	$150,585

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	$11,310,331	$12,068,767	$36,295,983	$-758,436
2023	$11,081,790	$9,486,333	$35,121,027	$1,595,457
2022	$9,751,009	$8,866,206	$33,058,772	$884,803
2021	$9,811,441	$7,890,886	$34,102,510	$1,920,555
2020	$8,534,744	$7,643,709	$30,460,626	$891,035
2019	$9,555,714	$8,781,795	$29,530,322	$773,919
2018	$9,466,853	$7,996,114	$28,120,254	$1,470,739

SEATTLE YACHT CLUB