SILVER GATE YACHT CLUB (EIN 951892285) - 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

1957

Legal Domicile

Principal Officer

DON AITKEN

Phone

6192221214

Tax Period

2024-01-01 to 2024-12-31

SILVER GATE YACHT CLUB, founded in 1957, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

EDUCATION.

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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 $1,056,204

Program Service Revenue $580,325

Investment Income $9,273

Other Revenue $-68,938

TOTAL REVENUE $1,576,864

Expense Breakdown

Grants Paid $8,429

Salaries & Benefits $302,000

Fundraising Expenses $0

Program Expenses $1,510,421

Other Expenses $1,199,992

TOTAL EXPENSES $1,510,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,576,864	$1,458,295	+0.1%
Expenses	$1,510,421	$1,550,752	0.0%
Net Income	$66,443	$-92,457	-1.7%

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

N/A

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

$9,500

Total Directors

$9,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON AITKEN	COMMODORE	10.00	Officer Director	$2,500	$0	$2,500
DAMON FORNEY	VICE COMMODORE	10.00	Officer Director	$1,000	$0	$1,000
RICH CHAMBERS	JR. STAFF COMMODORE	10.00	Officer Director	$0	$0	$0
KIT GRAY	TREASURER	10.00	Officer Director	$0	$0	$0
AARON DISHNO	PORT CAPTAIN	10.00	Officer Director	$6,000	$0	$6,000
GARY NYDAM	FLEET CAPTAIN	10.00	Officer Director	$0	$0	$0
ROSE MADRUGA	SECRETARY	10.00	Officer Director	$0	$0	$0
TERRY ENDERT	DIRECTOR	10.00	Director	$0	$0	$0
JIM WALKER	REAR COMMODORE	10.00	Officer Director	$0	$0	$0
PETER IMPALA	DIRECTOR	10.00	Director	$0	$0	$0
CRESCENT JAKOBS	DIRECTOR	10.00	Director	$0	$0	$0
DEBORAH PENNELL	DIRECTOR	10.00	Director	$0	$0	$0
BILL PETTERSEN	DIRECTOR	10.00	Director	$0	$0	$0
DOROTHY ORTMEIER	DIRECTOR	10.00	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	$1,576,864	$1,510,421	$5,998,139	$66,443
2023	$1,458,295	$1,550,752	$6,163,661	$-92,457
2022	$1,352,071	$1,421,596	$6,385,535	$-69,525
2021	$1,336,372	$1,373,245	$6,627,520	$-36,873
2020	$1,383,363	$1,239,047	$6,848,535	$144,316
2019	$1,334,847	$1,339,673	$6,849,491	$-4,826
2018	$1,290,568	$1,390,032	$7,015,906	$-99,464

SILVER GATE YACHT CLUB