CLOVER ISLAND YACHT CLUB

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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

1953

Legal Domicile

Principal Officer

DAVE HEIN

Phone

5095869656

Tax Period

2023-01-01 to 2023-12-31

CLOVER ISLAND YACHT CLUB, founded in 1953, is a small nonprofit in the Recreation & Sports sector that reported $160K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROMOTE CLUB MEMBERS' COMMON INTEREST, EDUCATION AND ENJOYMENT IN YACHTING AND BOATING ON LOCAL WATERWAYS.

Program Service Accomplishments

Program 1

PROMOTE CLUB MEMBERS' COMMON INTEREST, EDUCATION AND ENJOYMENT IN YACHTING AND BOATING ON LOCAL WATERWAYS.

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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 $161,894

Investment Income $1,586

Other Revenue $-3,648

TOTAL REVENUE $159,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $267,873

TOTAL EXPENSES $267,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,832	$209,046	-0.2%
Expenses	$267,873	$183,538	+0.5%
Net Income	$-108,041	$25,508	-5.2%

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

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
JOE GARNER	Trustee	2.00	Director	$0	$0	$0
JIM SEDGEWICK	Trustee	2.00	Director	$0	$0	$0
JOEL DON	Trustee	2.00	Director	$0	$0	$0
GREG HAMMER	PRESIDENT ELECT	0.00	Director	$0	$0	$0
DAVE HEIN	President	5.00	Officer	$0	$0	$0
BRIAN ACHENBACH	Vice President	2.00	Officer	$0	$0	$0
RYAN HADLEY	Secretary	2.00	Officer	$0	$0	$0
JANA HUBBS	Treasurer	5.00	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	No data	No data	No data	No data
2023	$159,832	$267,873	$544,646	$-108,041
2022	$209,046	$183,538	$651,741	$25,508
2021	$173,059	$181,007	$626,233	$-7,948
2020	$180,127	$161,095	$634,181	$19,032