CHERRY COVE YACHT CLUB % SEAVIEW SECRETARIAL SERVICE (EIN 953507305) - 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

2012

Legal Domicile

Principal Officer

STEVE LEAVITT

Phone

7144018307

Tax Period

2019-01-01 to 2019-12-31

CHERRY COVE YACHT CLUB % SEAVIEW SECRETARIAL SERVICE, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $351K in total revenue in fiscal year 2019. Revenue surged 1077% from the prior year, signaling strong growth momentum. The organization ran a surplus of $343K, a strong 98% operating margin.

Mission

YACHT CLUB ORGANIZED TO PROMOTE THE WELFARE AND INTEREST OF OWNERS OF MOORINGS LOCATED AT CATALINA ISLAND, CALIFORNIA AND TO SUPPORT 100 YEAR OLD BOY SCOUT CAMP IN OUR HARBOR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $349,845

Program Service Revenue $0

Investment Income $4,611

Other Revenue $-3,009

TOTAL REVENUE $351,447

Expense Breakdown

Grants Paid $3,097

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,097

Other Expenses $5,658

TOTAL EXPENSES $8,755

Year-over-Year Comparison

	2019	2018	Change
Revenue	$351,447	$29,850	+10.8%
Expenses	$8,755	$26,661	-0.7%
Net Income	$342,692	$3,189	+106.5%

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

Employees

N/A

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
STEVE LEAVITT	COMMADORE	1.00	Officer Director	$0	$0	$0
MIKE WADE	VICE COMMADORE	1.00	Officer Director	$0	$0	$0
DIANE WILKINSON	Treasurer	10.00	Officer Director	$0	$0	$0
BRIAN STONE	Secretary	1.00	Officer 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
2019	$351,447	$8,755	$365,474	$342,692

CHERRY COVE YACHT CLUB % SEAVIEW SECRETARIAL SERVICE