INVERNESS YACHT CLUB (EIN 941654962) - 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

1949

Legal Domicile

Principal Officer

ANNA-PIA SLOTHOWER

Phone

7074779857

Tax Period

2023-10-01 to 2024-09-30

INVERNESS YACHT CLUB, founded in 1949, is a small nonprofit that reported $479K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $436K left a modest 9% surplus.

Mission

THE INVERNESS YACHT CLUB, ON TOMALES BAY, WAS FOUNDED IN 1912 FOR THE PURPOSE OF PRESERVING TOMALES BAY, FOSTERING BOATING AND YACHTING AND TO SERVE AS A BASE FOR ADULT AND YOUTH ACTIVITIES IN THE COMMUNITY, BOTH ON AND OFF THE WATER.

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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 $10,190

Program Service Revenue $441,659

Investment Income $13,897

Other Revenue $13,059

TOTAL REVENUE $478,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,373

Fundraising Expenses $0

Program Expenses $394,949

Other Expenses $307,673

TOTAL EXPENSES $436,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,805	$432,630	+0.1%
Expenses	$436,046	$443,854	0.0%
Net Income	$42,759	$-11,224	-4.8%

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

$27,185

Total Directors

$27,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILLY BILLER	PORT CAPTAIN	10.00	Officer Director	$25,553	$0	$25,553
EDWARD SHAPIRO	REAR COMMODORE	5.00	Officer Director	$1,020	$0	$1,020
ANNA-PIA SLOTHOWER	COMMODORE	2.00	Officer Director	$612	$0	$612
SETH ROSEN	VICE COMMODORE	2.00	Officer Director	$0	$0	$0
BEN BALLARD	STAFF COMMODORE	2.00	Officer Director	$0	$0	$0
KEN TAYMOR	Treasurer	8.00	Officer Director	$0	$0	$0
DAVID BALDWIN	Secretary	2.00	Officer Director	$0	$0	$0
JIM MCDONALD	Director	2.00	Officer Director	$0	$0	$0
SALLY BAACK	Director	2.00	Officer Director	$0	$0	$0
SEAN CALLAGY	Director	2.00	Officer Director	$0	$0	$0
JONATHAN KAPLAN	Director	2.00	Officer 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	$478,805	$436,046	$992,748	$42,759
2023	$432,630	$443,854	$939,077	$-11,224
2022	$409,271	$432,764	$938,376	$-23,493
2021	$342,106	$294,083	$982,278	$48,023
2020	$346,678	$283,711	$927,900	$62,967
2019	$388,220	$276,811	$876,989	$111,409
2018	$353,336	$265,880	$772,198	$87,456

INVERNESS YACHT CLUB