Fidalgo Yacht Club (EIN 911015718) - 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

1996

Legal Domicile

Phone

3602999123

Tax Period

2023-01-01 to 2023-12-31

Fidalgo Yacht Club, founded in 1996, is a micro nonprofit that reported $75K in total revenue in fiscal year 2023. Net assets of $612K represent 98 months of operating reserves.

Mission

To encourage the knowledge, use and appreciation of the marine recreational advantages of the Pacific Northwest and to engage in social and recreational activities to further the sport of yachting, promoting safety at sea and good seamanship.

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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 $67,675

Investment Income $7,201

Other Revenue $0

TOTAL REVENUE $74,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $206

Other Expenses $77,682

TOTAL EXPENSES $77,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,876	$73,702	+0.0%
Expenses	$77,682	$90,144	-0.1%
Net Income	$-2,806	$-16,442	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Buchanan	President	3.00	Officer Director	$0	$0	$0
Alan Smith	Vice President	3.00	Officer Director	$0	$0	$0
Cheryl Poitras	Secretary	3.00	Officer Director	$0	$0	$0
Joyce McNeil	Treasurer	3.00	Officer Director	$0	$0	$0
Mike Kelley	Director	3.00	Officer Director	$0	$0	$0
Kathy Ramsay	Director	3.00	Director	$0	$0	$0
Eric Addison	Director	1.00	Director	$0	$0	$0
Ken Davis	Director	1.00	Director	$0	$0	$0
Mark McCaughan	Director	1.00	Director	$0	$0	$0
Reid Meyers	Director	1.00	Director	$0	$0	$0
Bob Salmons	Director	1.00	Director	$0	$0	$0
Tom Wallace	Director	1.00	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	$74,876	$77,682	$641,211	$-2,806
2023	No data	No data	No data	No data
2022	$73,702	$90,144	$593,808	$-16,442
2021	$72,292	$68,833	$694,473	$3,459
2020	$69,073	$65,192	$639,175	$3,881
2019	$121,328	$104,258	$593,639	$17,070
2018	$105,371	$89,146	$507,849	$16,225

Fidalgo Yacht Club