ELKHORN 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

1946

Legal Domicile

Principal Officer

HILLARY THOMAS

Phone

8317243875

Tax Period

2024-01-01 to 2024-12-31

ELKHORN YACHT CLUB, founded in 1946, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $269K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO MAKE THE ELKHORN YACHT CLUB A SAFE FAMILY, FRIENDLY, THRIVING ENTITY PROVIDING OUR MEMBERS WITH A SOCIAL ENVIRONMENT FOCUSED ON OCEAN SPORTS, ENVIRONMENTAL FOOTPRINTS AND LIFELONG FRIENDSHIPS.

Program Service Accomplishments

Program 1

TO OPERATE YACHT CLUB FACILITY AND PROVIDE RELATED SERVICES TO CLUB MEMBERS. CURRENT MEMBERSHIP IS 160. MEMBERSHIPS INCLUDE FAMILY MEMBERS. THE CLUB SPONSORS SOCIAL EVENTS 2-3 TIMES PER MONTH AND...

TO OPERATE YACHT CLUB FACILITY AND PROVIDE RELATED SERVICES TO CLUB MEMBERS. CURRENT MEMBERSHIP IS 160. MEMBERSHIPS INCLUDE FAMILY MEMBERS. THE CLUB SPONSORS SOCIAL EVENTS 2-3 TIMES PER MONTH AND CLUB RACES BIMONTHLY DURING SAILING SEASON. IT IS PART OF THE MONTEREY BAY YACHT RACING ASSOCIATION AND PACIFIC INTER-CLUB YACHT ASSOCIATION. AS SUCH THE CLUB PARTICIPATES IN INTER-CLUB SAILING REGATTAS. THE CLUB IS OPEN 24/7 FOR MEMBERS AND A BAR IS OPEN FRIDAY THROUGH MONDAY EVENINGS. MEMBERS MAY CONTRACT FOR THE USE OF THE CLUB FOR PRIVATE EVENTS (IE. BIRTHDAYS, ANNIVERSARIES, WEDDINGS, ETC).

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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 $678

Program Service Revenue $130,510

Investment Income $37

Other Revenue $107,632

TOTAL REVENUE $238,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,853

Fundraising Expenses $0

Other Expenses $147,083

TOTAL EXPENSES $268,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,857	$276,720	-0.1%
Expenses	$268,936	$281,461	0.0%
Net Income	$-30,079	$-4,741	+5.3%

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

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
HILLARY THOMAS	VICE CDRE(TO 9/24) CDRE(10/24)	1.00	Officer Director	$0	$0	$0
RITA JACQUES	CDRE (TO 9/24)	1.00	Officer Director	$0	$0	$0
DAN GARRETT	REAR CDRE(TO 9/24) VICE CDRE(10/24)	1.00	Officer Director	$0	$0	$0
HANS THOMAS	DIRECTOR(TO 9/24) REAR CDRE(10/24)	1.00	Officer Director	$0	$0	$0
STACEY HUGHES	TREASURER	1.00	Officer Director	$0	$0	$0
TONI SCARBOROUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANE DOWLING	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LISTL	DIRECTOR	1.00	Director	$0	$0	$0
JIMY BRADY	DIRECTOR	1.00	Director	$0	$0	$0
SHERI BUGALSKI	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WUERSTIE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN OSORIO	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	$238,857	$268,936	$278,040	$-30,079
2023	$276,720	$281,461	$289,610	$-4,741
2022	$260,122	$240,301	$278,016	$19,821
2021	$244,198	$243,190	$258,695	$1,008
2020	$167,748	$180,895	$254,639	$-13,147
2019	$298,690	$305,414	$275,513	$-6,724
2018	$305,317	$277,008	$277,045	$28,309
2017	$294,079	$316,115	$250,173	$-22,036