INVERNESS YACHT CLUB

EIN: 941654962

INVERNESS, CA

Total Revenue
$478,805
Total Expenses
$436,046
Total Assets
$992,748
Net Assets
$969,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1
Expenses: $394,949 Revenue: $441,659

The Inverness Yacht Club (IYC) hosted or provided space for community group meetings related to the Tomales Bay water shed and area that addressed environmental, organizational and social issues. The...

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The Inverness Yacht Club (IYC) hosted or provided space for community group meetings related to the Tomales Bay water shed and area that addressed environmental, organizational and social issues. The IYC performed the Youth Sail program with approximately 20 instructors and additional IYC volunteers that schooled 70 youth sailors for a period of 6 weeks in June & July. IYC continued with the social aspect of the club in bringing members and additional community guests together at the Club facilities. Private memorials and family gatherings were provided for at the IYC facilities. The IYC overall programs were completed.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
8
Employees
30
Volunteers
50

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
11
$27,185
Total Directors
11
$27,185
Key Employees
0
$0
Highest Compensated
0
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
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