THE THUNDERBOATS UNLIMITED CLUB INC (EIN 953649115) - 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

1980

Legal Domicile

Principal Officer

JEFFREY M THOMAS

Phone

7607898870

Tax Period

2024-01-01 to 2024-12-31

THE THUNDERBOATS UNLIMITED CLUB INC, founded in 1980, is a small nonprofit that reported $831K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 16% operating margin.

Mission

PROMOTE TOURISM IN SAN DIEGO, FEATURING THE WORLD'S FASTEST BOATS COMPETING ON MISSION BAY. THE EVENT FEATURES HYDROPLANE RACING, DRAG BOATS, INTERNATIONAL COMPETITORS, LIVE MUSIC AND AERIAL DEMONSTRATIONS.

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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 $200,000

Program Service Revenue $630,590

Investment Income $0

Other Revenue $0

TOTAL REVENUE $830,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $690,554

Other Expenses $701,149

TOTAL EXPENSES $701,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$830,590	N/A	N/A
Expenses	$701,149	$114,860	+5.1%
Net Income	$129,441	$-114,860	-2.1%

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
JAMES KIDRICK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KOBLISKA	DIRECTOR	1.00	Director	$0	$0	$0
GREGG MANSFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KENT MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DAVIES	PRESIDENT	4.00	Officer	$0	$0	$0
DENNIS DEAN	SECRETARY	1.00	Officer	$0	$0	$0
CHRISTINE FRIES	TREASURER	4.00	Officer	$0	$0	$0
JEFFREY M THOMAS	CEO	2.00	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	$830,590	$701,149	$204,250	$129,441
2023	No data	$114,860	$72,379	No data
2022	$581,112	$564,400	$187,239	$16,712
2021	$562,002	$529,866	$170,527	$32,136
2020	No data	$4,018	$152,944	No data
2019	$413,341	$386,454	$152,944	$26,887
2018	$501,646	$529,209	$69,345	$-27,563

THE THUNDERBOATS UNLIMITED CLUB INC