Half Moon Bay Yacht Club Corporatio (EIN 942724329) - 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

1979

Legal Domicile

Principal Officer

Karen Allanson

Phone

6507282120

Tax Period

2024-01-01 to 2024-12-31

Half Moon Bay Yacht Club Corporatio, founded in 1979, is a small nonprofit that reported $481K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $531K exceeded revenue, resulting in a 10% operating deficit.

Mission

Our mission is provide consistently high-quality activities and programs that create a unique, rewarding and valuable experience for all of our members in an environment of inclusiveness, informality, and friendliness; (continued at Schedule O, Note 04)

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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 $347,597

Program Service Revenue $96,475

Investment Income $4,272

Other Revenue $32,897

TOTAL REVENUE $481,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,132

Fundraising Expenses $0

Other Expenses $375,652

TOTAL EXPENSES $530,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,241	$440,152	+0.1%
Expenses	$530,784	$402,176	+0.3%
Net Income	$-49,543	$37,976	-2.3%

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

150

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
Martha Huddle	Director at Large	5.00	Director	$0	$0	$0
Joe Rockmore	Director at Large	5.00	Director	$0	$0	$0
Chris Weber	Director and Treasurer	4.00	Officer Director	$0	$0	$0
Karen Allanson	Commodore	15.00	Officer Director	$0	$0	$0
Tony Conte	Vice Commodore	4.00	Officer Director	$0	$0	$0
Amy Conte	Vice Commodore	4.00	Officer Director	$0	$0	$0
Ryan Alfonso	Rear Commodore	10.00	Officer Director	$0	$0	$0
Karen Madsen	Secretary	5.00	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	$481,241	$530,784	$995,490	$-49,543
2023	$440,152	$402,176	$971,716	$37,976
2022	$487,711	$396,533	$1,015,297	$91,178
2021	$332,213	$298,401	$978,275	$33,812
2020	$204,483	$295,456	$906,639	$-90,973
2019	$402,289	$371,823	$993,301	$30,466
2018	$287,442	$321,269	$958,783	$-33,827

Half Moon Bay Yacht Club Corporatio