LAKE CHELAN 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

1930

Legal Domicile

Principal Officer

SAMANTHA MYERS

Phone

5096799097

Tax Period

2022-01-01 to 2022-12-31

LAKE CHELAN YACHT CLUB, founded in 1930, is a small nonprofit that reported $237K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $111K, a strong 47% operating margin.

Mission

TO ENCOURAGE SAFE BOATING AND YACHTING AND TO SPONSOR SOCIAL AND RECREATIONAL EVENTS FOR MEMBERS.

Program Service Accomplishments

Program 1

TO ENCOURAGE SAFE BOATING AND YACHTING AND TO SPONSOR SOCIAL AND RECREATIONAL EVENTS FOR APPROXIMATELY 280 MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,216

Program Service Revenue $175,462

Investment Income $237

Other Revenue $59,832

TOTAL REVENUE $236,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,859

Fundraising Expenses $0

Other Expenses $110,462

TOTAL EXPENSES $125,321

Year-over-Year Comparison

	2022	2021	Change
Revenue	$236,747	$203,416	+0.2%
Expenses	$125,321	$153,121	-0.2%
Net Income	$111,426	$50,295	+1.2%

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

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
MARK JACKSON	COMMODORE	1.00	Officer Director	$0	$0	$0
SAMANTHA MYERS	VICE COMMODORE	1.00	Officer Director	$0	$0	$0
CINDY MAXEY	REAR COMMODORE	1.00	Officer Director	$0	$0	$0
DAN NICKLAUS	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTA SCHOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
ZACH KELLER	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN MORRIS	TRUSTEE	1.00	Director	$0	$0	$0
CARL POLSON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
CINDY THOMSEN	TRUSTEE	1.00	Director	$0	$0	$0
TAMI GURNARD	TRUSTEE	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
2022	$236,747	$125,321	$2,036,712	$111,426
2021	$203,416	$153,121	$1,945,568	$50,295
2020	$247,016	$171,915	$1,894,853	$75,101
2019	$245,197	$161,340	$1,842,230	$83,857
2018	$240,437	$143,773	$1,777,865	$96,664