LONG BEACH YACHT CLUB (EIN 952112652) - 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

1929

Legal Domicile

Principal Officer

PHIL DANDRIDGE

Phone

5625989401

Tax Period

2024-01-01 to 2024-12-31

LONG BEACH YACHT CLUB, founded in 1929, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 17% operating margin.

Mission

RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES FOR THE BENEFIT OF ITS MEMBERS.

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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 $6,354,309

Investment Income $379,866

Other Revenue $174,063

TOTAL REVENUE $6,908,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,424,691

Fundraising Expenses $0

Other Expenses $3,289,989

TOTAL EXPENSES $5,714,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,908,238	$6,116,258	+0.1%
Expenses	$5,714,680	$5,222,371	+0.1%
Net Income	$1,193,558	$893,887	+0.3%

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

138

Volunteers

N/A

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

$324,811

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DIXON	COMMODORE	4.00	Officer Director	$0	$0	$0
LISA MEIER	VICE COMMODORE	4.00	Officer Director	$0	$0	$0
BOB PIERCY	REAR COMMODORE	4.00	Officer Director	$0	$0	$0
GREG MAGNUSON	FLEET CAPTAIN	4.00	Officer Director	$0	$0	$0
TOM CAMP	PORT CAPTAIN	4.00	Officer Director	$0	$0	$0
BLAIR CARTY	JR. STAFF COMM	4.00	Director	$0	$0	$0
RANDY BEERS	DIRECTOR	4.00	Director	$0	$0	$0
SCOTT MEYER	DIRECTOR	4.00	Director	$0	$0	$0
KC COULTRUP	DIRECTOR	4.00	Director	$0	$0	$0
LIZ PALMER	DIRECTOR	4.00	Director	$0	$0	$0
JOE SEIBERT	DIRECTOR	4.00	Director	$0	$0	$0
KELLIE WOODWORTH	DIRECTOR	4.00	Director	$0	$0	$0
WENDY CORZINE	DIRECTOR	4.00	Director	$0	$0	$0
MIKE GEHRING	DIRECTOR	4.00	Director	$0	$0	$0
ALEXANDRA WEISS ROESER	DIRECTOR	4.00	Director	$0	$0	$0
JOSHUA WOOTTON	DIRECTOR	4.00	Director	$0	$0	$0
BOB SNOW	DIRECTOR	4.00	Director	$0	$0	$0
PHIL DANDRIDGE	TREASURER	4.00	Officer	$0	$0	$0
BRENDA SHERIDAN	SECRETARY	4.00	Officer	$0	$0	$0
NORMAN CRAIG RICH	GENERAL MANAGER	40.00	Key Emp	$317,042	$7,769	$324,811
MATHEW WILLISTON	SOUS CHEF	40.00	Highest	$139,650	$2,905	$142,555
MARCIA PETTWAY	CONTROLLER	40.00	Highest	$187,965	$4,275	$192,240
KENNETH HASELWOOD	EXECUTIVE CHEF	40.00	Highest	$171,747	$3,504	$175,251
STUART CAMERON MACLAREN	YACHTING DIRECTOR	40.00	Highest	$127,496	$2,975	$130,471
ANDREA HARD	MEMBERSHIP DIRECTOR	40.00	Highest	$113,950	$2,620	$116,570

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	$6,908,238	$5,714,680	$13,262,284	$1,193,558
2023	$6,116,258	$5,222,371	$12,072,310	$893,887
2022	$5,341,198	$5,116,120	$10,923,642	$225,078
2021	$4,722,646	$3,918,001	$10,813,572	$804,645
2020	$2,800,007	$2,739,459	$9,606,841	$60,548
2019	$4,490,199	$4,071,018	$9,658,021	$419,181
2018	$4,420,666	$3,950,771	$8,943,286	$469,895

LONG BEACH YACHT CLUB