Seattle Yacht Club Foundation (EIN 911147003) - 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

1992

Legal Domicile

Principal Officer

Dave Enslow

Phone

2532216398

Tax Period

2024-01-01 to 2024-12-31

Seattle Yacht Club Foundation, founded in 1992, is a micro nonprofit in the Recreation & Sports sector that reported $14K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 884% operating deficit.

Mission

The SYC Foundation Supports a Broad range of educational, training and competitive endeavors. Strong support is always considered for programs for younger boaters engaged in sailing and rowing programs, grants to allow talented youth (individuals and teams) to compete at regional, national and international competitions.

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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 $7,545

Program Service Revenue $0

Investment Income $6,317

Other Revenue $0

TOTAL REVENUE $13,862

Expense Breakdown

Grants Paid $98,019

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,773

Other Expenses $38,337

TOTAL EXPENSES $136,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,862	$53,544	-0.7%
Expenses	$136,356	$90,576	+0.5%
Net Income	$-122,494	$-37,032	+2.3%

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

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
Dave Enslow	President	1.00	Officer Director	$0	$0	$0
Doug Bourlier	Secretary	1.00	Officer Director	$0	$0	$0
Stuart Cavness	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Williams	Director	1.00	Director	$0	$0	$0
Christina Travis	Director	1.00	Director	$0	$0	$0
Janer Laffitte	Director	1.00	Director	$0	$0	$0
Matt Taddy	Director	1.00	Director	$0	$0	$0
Karl Bowers	Director	1.00	Director	$0	$0	$0
Scott Kanlyn	Director	1.00	Director	$0	$0	$0
Tim Mansker	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	$13,862	$136,356	$2,121,835	$-122,494
2023	$53,544	$90,576	$2,244,329	$-37,032

Seattle Yacht Club Foundation