PORTLAND 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

1908

Legal Domicile

Principal Officer

RON HODGSON

Phone

5032851922

Tax Period

2023-01-01 to 2023-12-31

PORTLAND YACHT CLUB, founded in 1908, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $5.9M represent 26 months of operating reserves.

Mission

THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO AFFORD A MEANS OF GOOD FELLOWSHIP AMOUNG THE DEVOTEES OF YACHTING.

Program Service Accomplishments

Program 1

THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO...

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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 $828,100

Program Service Revenue $1,778,867

Investment Income $2,931

Other Revenue $91,551

TOTAL REVENUE $2,701,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,591

Fundraising Expenses $0

Other Expenses $1,601,383

TOTAL EXPENSES $2,692,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,701,449	$3,038,375	-0.1%
Expenses	$2,692,974	$2,537,807	+0.1%
Net Income	$8,475	$500,568	-1.0%

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

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
TIM CARMAN	COMMODORE	10.00	Officer Director	$0	$0	$0
RON HODGSON	VICE COMMODORE	10.00	Officer Director	$0	$0	$0
GLENN MORAGNE	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
DAVID GUNSUL	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
RANDY DUNCAN	TRUSTEE	2.00	Director	$0	$0	$0
LIZ FISCHER	TRUSTEE	2.00	Director	$0	$0	$0
GARY KUNZ	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE QUIGLEY	TRUSTEE	2.00	Director	$0	$0	$0
KEN TENNEFOSS	TRUSTEE	2.00	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	$2,701,449	$2,692,974	$10,152,186	$8,475
2022	$3,038,375	$2,537,807	$10,390,560	$500,568
2021	$1,963,811	$1,848,139	$10,065,712	$115,672
2020	$1,714,532	$1,532,594	$6,948,200	$181,938
2019	$1,886,210	$1,704,444	$5,855,955	$181,766
2018	$1,674,186	$1,483,948	$5,641,780	$190,238