SHARK ISLAND YACHT CLUB (EIN 952552629) - 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

1960

Legal Domicile

Principal Officer

PATRICK RAMSEY

Phone

9497600221

Tax Period

2024-01-01 to 2024-12-31

SHARK ISLAND YACHT CLUB, founded in 1960, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE YACHET CLUB PROVIDES FOR A GATHERING PLACE FOR THE RESIDENTS IN AND AROUND BALBOA ISLAND AND THE YACHT CLUB. THERE ARE APPOXIMATELY 1,000 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 $949,720

Investment Income $0

Other Revenue $1,121,804

TOTAL REVENUE $2,071,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,024,745

Fundraising Expenses $0

Other Expenses $1,003,927

TOTAL EXPENSES $2,028,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,071,524	$1,765,860	+0.2%
Expenses	$2,028,672	$1,970,384	+0.0%
Net Income	$42,852	$-204,524	-1.2%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK RAMSEY	OFFICER	15.00	Officer	$0	$0	$0
MICHAEL RAMSEY	OFFICER	15.00	Officer	$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	$2,071,524	$2,028,672	$305,152	$42,852
2023	$1,765,860	$1,970,384	$200,335	$-204,524
2022	$1,556,445	$1,523,179	$379,171	$33,266
2021	$1,430,069	$1,352,670	$312,928	$77,399
2020	$1,039,784	$1,118,206	$179,802	$-78,422
2019	$1,446,650	$1,397,338	$2,517,376	$49,312
2018	$1,416,034	$1,375,946	$1,273,174	$40,088

SHARK ISLAND YACHT CLUB