SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
SEATTLE YACHT CLUB IS INCORPORATED FOR THE PURPOSE OF ENCOURAGING YACHTING AND BOATING OF ALL KINDS, AND THE DEVELOPMENT OF THE RECREATIONAL MARINE ADVANTAGES OF THE PACIFIC NORTHWEST.
SEATTLE YACHT CLUB SAILING INCLUDES YOUTH SUMMER SAILING SCHOOL, ADULT SAILING LESSONS, REGATTAS, JUNIOR RACE TEAM, HIGH SCHOOL SAILING, OPTI GREEN FLEET PROGRAM.SYC IS RECOGNIZED AMONG THE LEADING...
SEATTLE YACHT CLUB SAILING INCLUDES YOUTH SUMMER SAILING SCHOOL, ADULT SAILING LESSONS, REGATTAS, JUNIOR RACE TEAM, HIGH SCHOOL SAILING, OPTI GREEN FLEET PROGRAM.SYC IS RECOGNIZED AMONG THE LEADING YACHT CLUBS OF THE WORLD WITH A RENOWNED COMPREHENSIVE JUNIOR SAILING PROGRAM, IN WHICH THE JUNIOR RACE TEAM IS AN INTEGRAL PART. OUR JUNIOR RACE TEAM DRAWS UPON A BROAD BASE OF YOUNG SAILORS PRIMARILY FROM THE SYC SUMMER SAILING SCHOOL, SYC'S NORTHWEST INTERSCHOLASTIC HIGH SCHOOL SAILING TEAM (HS SAILING), AND COMMUNITY OUTREACH PROGRAMS. THE SYC JUNIOR RACE TEAM AND HS SAILING PROVIDE YOUTHS, FROM AGES 8 TO 18, THE OPPORTUNITY TO REACH FOR COMPETITIVE SUCCESS AT ALL LEVELS WHILE DEVELOPING ATHLETIC SKILLS, LEADERSHIP, SPORTSMANSHIP AND A LIFELONG LOVE FOR BOATING. SYC HAS GIVEN RISE TO NUMEROUS GENERATIONS OF SUCCESSFUL PACIFIC NORTHWEST SAILORS, INCLUDING MULTIPLE OLYMPIC CHAMPIONS. THE SYC RACE TEAM CONTINUES THE CLUB'S LEGACY OF ACHIEVEMENT, REPRESENTING SYC IN LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS.
MANY SEATTLE YACHT CLUB MEMBERS CRUISE THE WATERS OF THE PACIFIC NORTHWEST IN POWERBOATS. WHETHER TOURING THE CLUB'S 10 OUTSTATIONS, LOCATED FROM GIG HARBOR IN THE SOUTH TO CORTES BAY IN THE NORTH...
MANY SEATTLE YACHT CLUB MEMBERS CRUISE THE WATERS OF THE PACIFIC NORTHWEST IN POWERBOATS. WHETHER TOURING THE CLUB'S 10 OUTSTATIONS, LOCATED FROM GIG HARBOR IN THE SOUTH TO CORTES BAY IN THE NORTH, OR EXPLORING THE FRESH WATER LAKES, OUR MEMBERS TEND TO ENJOY THEIR TIME ON THE WATER. SYC HAS A NUMBER OF INTERESTING AND EXCITING EVENTS FOR MEMBERS WITH POWERBOATS. THESE INCLUDE FORMAL EVENTS WITH FUN INTERACTIVE THEMES, LOCAL AND LONG-RANGE CRUISES FROM PUGET SOUND TO THE CANADIAN GULF ISLANDS, AND MONTHLY DINNERS WITH EXCITING AND INFORMATIVE SPEAKERS. OUR MONTHLY CLUB DINNERS INCLUDE TOPICS ABOUT BOATING IN THE NORTHWEST AND ADVENTURES FROM AROUND THE WORLD. THESE DINNER ARE ALSO A FUN WAY TO MEET WITH FELLOW CLUB MEMBERS AND SHARE BOATING EXPERIENCES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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