WAIKIKI YACHT CLUB (EIN 990063872) - 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

1945

Legal Domicile

Principal Officer

IAN SCOTT

Phone

8089554405

Tax Period

2024-01-01 to 2024-12-31

WAIKIKI YACHT CLUB, founded in 1945, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024.

Mission

THIS CLUB IS ORGANIZED AND SHALL OPERATE TO PROVIDE FOR THE PLEASURE, RECREATION AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH ITS STATUS AS A SECTION 501(C)(7) TAX EXEMPT ENTITY, THE PRIMARY PURPOSE FOR WHICH THIS CLUB IS ORGANIZED AND ITS PRIMARY MISSION IS TO PROVIDE A MEDIUM THROUGH WHICH ITS MEMBERS MAY PARTICIPATE IN THE SPORT OF YACHTING AND TO PROMOTE AND FOSTER INTEREST IN THE KNOWLEDGE OF YACHTING, BOATING, NAVIGATION, AND OTHER MARITIME ACTIVITIES, AND TO COOPERATE WITH FEDERAL, STATE, AND MUNICIPAL OFFICIALS IN THE PROTECTION OF LIFE AND PROPERTY ON THE HIGH SEAS AND WITHIN THE WATERS OF THE STATE OF HAWAII. CORINTHIANISM SHALL DOMINATE ALL ACTIVITIES OF THE CLUB. SUBJECT TO THE CLUB'S PRIMARY PURPOSE AND MISSION, THE CLUB MAY OFFER SUCH SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS AS ARE CONSISTENT WITH ITS NONPROFIT, TAX EXEMPT STATUS.

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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 $2,804,847

Investment Income $1,883

Other Revenue $1,360,872

TOTAL REVENUE $4,167,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,181,282

Fundraising Expenses $0

Program Expenses $3,179,875

Other Expenses $2,088,545

TOTAL EXPENSES $4,269,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,167,602	$3,981,587	+0.0%
Expenses	$4,269,827	$4,231,813	+0.0%
Net Income	$-102,225	$-250,226	-0.6%

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

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
MICHAEL BUELSING	VICE COMMODO	10.00	Officer Director	$0	$0	$0
RON GRIDLEY	IMMED PAST C	5.00	Officer Director	$0	$0	$0
JENNY DO	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINE CLOTHIER	TREASURER	20.00	Officer Director	$0	$0	$0
BOBBY FRAZIER	DIRECTOR	5.00	Director	$0	$0	$0
GARY EVONIUK	REAR COMMODO	5.00	Officer Director	$0	$0	$0
CHRISTINE DENTON	SECRETARY	5.00	Officer Director	$0	$0	$0
IAN SCOTT	COMMODORE	30.00	Officer Director	$0	$0	$0
DEREK CLARKE	REAR COMMODO	5.00	Officer Director	$0	$0	$0
PETER RUDLOWSKI	DIRECTOR	5.00	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
2024	$4,167,602	$4,269,827	$2,818,031	$-102,225
2023	$3,981,587	$4,231,813	$2,787,854	$-250,226
2022	$3,629,213	$3,623,979	$2,903,708	$5,234
2021	$3,258,560	$3,065,461	$2,741,705	$193,099
2020	$2,593,004	$2,679,874	$2,362,240	$-86,870
2019	$3,549,861	$3,208,657	$2,482,887	$341,204
2018	$3,334,725	$3,075,344	$2,004,591	$259,381

WAIKIKI YACHT CLUB