LIDO ISLE YACHT CLUB

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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

1928

Legal Domicile

Phone

9496735119

Tax Period

2024-01-01 to 2024-12-31

LIDO ISLE YACHT CLUB, founded in 1928, is a small nonprofit that reported $419K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

TO PROMOTE SEAMANSHIP AND CAMARADERIE WITHIN THE LIDO ISLE COMMUNITY. A SUMMER YOUTH SAILING PROGRAM IS THE LARGEST CLUB ACTIVITY. ADULT EVENTS INCLUDE SOCIAL GATHERING AND SAILING INSTRUCTION.

Program Service Accomplishments

Program 1

Expenses: $137,797 Revenue: $148,691

YOUTH SAILING PROGRAM PROVIDING INSTRUCTION TO KIDS.

Program 2

Expenses: $133,376 Revenue: $53,244

HOSTING YACHTING EVENTS SUCH AS REGATTAS OPEN TO THE PUBLIC. CLASSES HELD TO PROMOTE SEAMANSHIP AND SAFETY ON THE WATER.

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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 $47,366

Program Service Revenue $328,976

Investment Income $9

Other Revenue $42,726

TOTAL REVENUE $419,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,361

Fundraising Expenses $800

Program Expenses $271,173

Other Expenses $223,569

TOTAL EXPENSES $348,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,077	$356,504	+0.2%
Expenses	$348,930	$500,975	-0.3%
Net Income	$70,147	$-144,471	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STERLING COBERLY	Director	2.00	Director	$0	$0	$0
JOHN SCHLEGEL	DIRECTOR	2.00	Director	$0	$0	$0
MIKE O'SHEA	Director	2.00	Director	$0	$0	$0
JON FLAGG	Secretary	5.00	Officer	$0	$0	$0
WENDY WEBB	VICE COMMODORE	10.00	Officer	$0	$0	$0
GREG WARD	FLEET CAPT	10.00	Officer	$0	$0	$0
LAURA SHARP	REAR COMMODORE	10.00	Officer	$0	$0	$0
MIKE BULLOCK	COMMODORE	10.00	Officer	$0	$0	$0
GEORGE TURK	Treasurer	10.00	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	$419,077	$348,930	$152,624	$70,147
2023	$356,504	$500,975	$82,477	$-144,471
2022	$445,490	$510,905	$226,948	$-65,415
2021	$364,283	$368,031	$295,077	$-3,748