SANTA BARBARA YACHT CLUB (EIN 951711329) - 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

1872

Legal Domicile

Principal Officer

RICHARD NAHAS

Phone

8059658112

Tax Period

2024-01-01 to 2024-12-31

SANTA BARBARA YACHT CLUB, founded in 1872, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.3M left a modest 3% surplus.

Mission

TO ENCOURAGE, PROMOTE, AND MANAGE YACHTING ACTIVITIES, TO ADVANCE THE ART AND SCIENCE OF SEAMANSHIP, TO PRESERVE MARITIME TRADITION, AND TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS, WHILE BEING MINDFUL OF THE NEEDS OF OUR COMMUNITY.

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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 $0

Program Service Revenue $2,208,744

Investment Income $19,764

Other Revenue $1,200,662

TOTAL REVENUE $3,429,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,102,755

Fundraising Expenses $0

Other Expenses $1,211,435

TOTAL EXPENSES $3,314,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,429,170	$4,228,174	-0.2%
Expenses	$3,314,190	$3,130,214	+0.1%
Net Income	$114,980	$1,097,960	-0.9%

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

$222,241

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD NAHAS	GENERAL MANAGER	40.00	Officer	$222,241	$0	$222,241
JEFF BERKUS	COMMODORE	10.00	Officer Director	$0	$0	$0
MATT WILSON	VICE COMMODORE	5.00	Officer Director	$0	$0	$0
ED SCHIFFERNS	REAR COMMODORE	5.00	Officer Director	$0	$0	$0
GEOFF SLAFF	TREASURER	5.00	Officer Director	$0	$0	$0
ERIC STOKKE	SECRETARY	5.00	Officer Director	$0	$0	$0
DENNIS BONECK	JR. STAFF COMMODORE	2.00	Director	$0	$0	$0
BILL BLAZEWICZ	DIRECTOR CLASS 2025	2.00	Director	$0	$0	$0
TOM HINKLE	DIRECTOR CLASS 2025	2.00	Director	$0	$0	$0
LAUREN BELL	DIRECTOR CLASS 2026	2.00	Director	$0	$0	$0
PAUL SPIELER	DIRECTOR CLASS 2026	2.00	Director	$0	$0	$0
SHARON GREEN	DIRECTOR CLASS 2027	2.00	Director	$0	$0	$0
CHRIS GABRIEL	DIRECTOR CLASS 2027	2.00	Director	$0	$0	$0
ALAN WATSON	DIRECTOR CLASS 2027	2.00	Director	$0	$0	$0
BRADFORD SCHAUPETER	RACE DIRECTOR	40.00	Highest	$115,825	$0	$115,825
OWEN HANAVAN	CHEF	40.00	Highest	$122,057	$0	$122,057

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	$3,429,170	$3,314,190	$5,740,180	$114,980
2022	$3,324,379	$3,127,837	$4,899,614	$196,542
2021	$2,531,487	$1,589,626	$4,172,447	$941,861
2020	$1,662,068	$1,437,453	$2,472,878	$224,615
2019	$1,781,180	$1,738,695	$2,372,687	$42,485
2018	$1,896,797	$1,911,591	$2,384,826	$-14,794

SANTA BARBARA YACHT CLUB