Civic Intelligence

Willowbank Yacht Club Inc

EIN 15-0596658 • 501(c)7 • Cazenovia, NY

RevokedNTEE S80

Profile

The promotion and elevation of yachting and other aquatic sports and the development and cultivation of social intercourse among its members.

Revocation date: May 15, 2010

27 Forman Street PO Box 321Cazenovia, NY 13035

willowbankyc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.02x

Higher debt load relative to revenue than 39% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Net Margin

39th percentile

0.7%

Higher net margin than 39% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2024

Asset Growth

40th percentile

0.1%

Faster asset growth than 40% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

4.1%

Faster revenue growth than 48% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$732,529

Up $967 (+0.1%) from 2023

Liabilities

Down

$8,607

Down $2,762 (-24%) from 2023

Net Assets

Up

$723,922

Up $3,729 (+0.5%) from 2023

Revenue

Up

$550,117

Up $21,787 (+4.1%) from 2023

Expenses

Up

$546,388

Up $46,187 (+9.2%) from 2023

Net Income

Down

$3,729

Down $24,400 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2008: $339,038Liabilities 2008: $40,253Net Assets 2008: $298,7852008Assets 2009: $339,000Liabilities 2009: $21,252Net Assets 2009: $317,7472009Assets 2010: $370,240Liabilities 2010: $17,308Net Assets 2010: $352,9322010Assets 2013: $409,270Liabilities 2013: $20,038Net Assets 2013: $389,2322013Assets 2014: $455,948Liabilities 2014: $14,611Net Assets 2014: $441,3372014Assets 2015: $471,367Liabilities 2015: $14,039Net Assets 2015: $457,3282015Assets 2016: $526,301Liabilities 2016: $21,053Net Assets 2016: $505,2482016Assets 2017: $539,094Liabilities 2017: $10,824Net Assets 2017: $528,2692017Assets 2018: $553,445Liabilities 2018: $2,496Net Assets 2018: $550,9492018Assets 2019: $562,499Liabilities 2019: $3,726Net Assets 2019: $558,7732019Assets 2020: $588,146Liabilities 2020: $6,793Net Assets 2020: $581,3532020Assets 2021: $686,158Liabilities 2021: $4,540Net Assets 2021: $681,6182021Assets 2022: $706,303Liabilities 2022: $14,239Net Assets 2022: $692,0642022Assets 2023: $731,562Liabilities 2023: $11,369Net Assets 2023: $720,1932023Assets 2024: $732,529Liabilities 2024: $8,607Net Assets 2024: $723,9222024

Highlighted filing

2024

Assets$732,529
Liabilities$8,607
Net Assets$723,922

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2008: $314,116Expenses 2008: $305,300Net Income 2008: $8,8162008Revenue 2009: $296,292Expenses 2009: $277,330Net Income 2009: $18,9622009Revenue 2010: $306,731Expenses 2010: $271,546Net Income 2010: $35,1852010Revenue 2013: $318,061Expenses 2013: $312,497Net Income 2013: $5,5642013Revenue 2014: $378,316Expenses 2014: $326,211Net Income 2014: $52,1052014Revenue 2015: $374,526Expenses 2015: $358,536Net Income 2015: $15,9902015Revenue 2016: $395,249Expenses 2016: $347,329Net Income 2016: $47,9202016Revenue 2017: $382,564Expenses 2017: $359,542Net Income 2017: $23,0222017Revenue 2018: $405,413Expenses 2018: $382,733Net Income 2018: $22,6802018Revenue 2019: $384,377Expenses 2019: $376,553Net Income 2019: $7,8242019Revenue 2020: $313,831Expenses 2020: $291,251Net Income 2020: $22,5802020Revenue 2021: $473,404Expenses 2021: $373,135Net Income 2021: $100,2692021Revenue 2022: $457,555Expenses 2022: $436,728Net Income 2022: $20,8272022Revenue 2023: $528,330Expenses 2023: $500,201Net Income 2023: $28,1292023Revenue 2024: $550,117Expenses 2024: $546,388Net Income 2024: $3,7292024

Highlighted filing

2024

Revenue$550,117
Expenses$546,388
Net Income$3,729

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.33$0.09$7.24$5.50$5.46$0.04
2023Detailed filing. Detailed filing data is available for this year.$7.32$0.11$7.20$5.28$5.00$0.28
2022Detailed filing. Detailed filing data is available for this year.$7.06$0.14$6.92$4.58$4.37$0.21
2021Detailed filing. Detailed filing data is available for this year.$6.86$0.05$6.82$4.73$3.73$1.00
2020Detailed filing. Detailed filing data is available for this year.$5.88$0.07$5.81$3.14$2.91$0.23
2019Summary only. Only limited summary data is available for this year.$5.62$0.04$5.59$3.84$3.77$0.08
2018Summary only. Only limited summary data is available for this year.$5.53$0.02$5.51$4.05$3.83$0.23
2017Summary only. Only limited summary data is available for this year.$5.39$0.11$5.28$3.83$3.60$0.23
2016Summary only. Only limited summary data is available for this year.$5.26$0.21$5.05$3.95$3.47$0.48
2015Summary only. Only limited summary data is available for this year.$4.71$0.14$4.57$3.75$3.59$0.16
2014Summary only. Only limited summary data is available for this year.$4.56$0.15$4.41$3.78$3.26$0.52
2013Summary only. Only limited summary data is available for this year.$4.09$0.20$3.89$3.18$3.12$0.06
2010Summary only. Only limited summary data is available for this year.$3.70$0.17$3.53$3.07$2.72$0.35
2009Summary only. Only limited summary data is available for this year.$3.39$0.21$3.18$2.96$2.77$0.19
2008Summary only. Only limited summary data is available for this year.$3.39$0.40$2.99$3.14$3.05$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 31, 2025
Return Version
2024v5.2
Gross Receipts
$550,117
Mission and Program Overview

Mission

The promotion and elevation of yachting and other aquatic sports and the development and cultivation of social intercourse among its members.

The promotion and elevation of yachting and other aquatic sports and the development and cultivation of social intercourse among its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$720,193$723,922▲ $3,729
Land, Buildings, and Equipment, Net$464,708$556,772▲ $92,064
Savings and Temporary Cash Investments$155,404$147,042▼ $8,362
Cash and Non-Interest-Bearing Accounts$99,176$15,693▼ $83,483
Accounts Receivable$8,994$7,209▼ $1,785
Total Assets$731,562$732,529▲ $967
Other Assets Total$3,280$5,813▲ $2,533
Liabilities
Accounts Payable and Accrued Expenses$3,848$4,622▲ $774
Other Liabilities$7,521$3,985▼ $3,536
Total Liabilities$11,369$8,607▼ $2,762
Net Assets / Fund Balance
Total Net Assets Fund Balance$720,193$723,922▲ $3,729
Total Liabilities and Net Assets / Fund Balance$731,562$732,529▲ $967

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$254,718$257,046$511,764
Equipment$148,425$356,431$504,856
Buildings$153,629$312,650$466,279
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anya Woods-ONeillBoard member
Bill SmithBoard member
Carol PughBoard member
Chris GranthamBoard member
Judith HightBoard member
Sara McDowellBoard member
Steven DorusBoard member
Steven MaggioBoard member
Victor PrialCommodore
Christina FregaRear Commodore
Todd LuchsingerTreasurer
David BurchVice commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$278,369
Program Service Revenue
$263,010
Investment Income
$7,300
Other Revenue
$1,438
All Other Contributions
$1,049
Change in Net Assets
$3,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,092
Salaries, Compensation, and Employee Benefits$230,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$203,474
Occupancy---$80,579
Depreciation Depletion---$68,393
Insurance---$36,094
Other Expenses$26,923--$26,923
Payroll Taxes---$26,822
All Other Expenses---$17,560
Office Expenses---$8,774
Fees for Services Other---$2,998
Fees for Services Accounting---$2,100
Total Functional Expenses$0$0$0$546,388
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit card payable$3,250
Other liabilities$735
UBI taxes payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The organization has 377 memberships.

Member election for additional members Part VI line 7A

The board of directors has full power to elect the officers of the club (other than the three commodores), elect members of the club and suspend them by ballot.

Governing body decisions Part VI line 7B

The decisions of the board are subject to member approval.

Form 990 governing body review Part VI line 11

A copy of the Form 990 is provided to the board of directors prior to filing.

Conflict of interest policy compliance Part VI line 12C

There is a conflict of interest policy requiring written statements from each board member and the 2 primary employees (manager and purser). The board of directors regularly reviews all relationships with its board members and primary employees to determine if any conflicts of interest exist. Identified conflicts, if any, are addressed and resolved.

CEO executive director top management comp Part VI line 15A

The board of directors, including the 3 flag officers, are uncompensated.

Other officer or key employee compensation Part VI line 15B

The flag officers oversee the manager and all club operations. The process for determining employee compensation includes an annual review of performance, roles and responsibilities by the board, using comparative data.

Governing documents etc available to public Part VI line 19

The organization provides Form 990, Form 990T, Form 1023 and the conflict of interest policy to the public upon request.

Filing and Contact Details

Filer

Filer Name
Willowbank Yacht Club Inc
EIN
15-0596658
In Care Of
% Todd Luchsinger
Phone
3154201922
Address
27 Forman Street PO Box 321, Cazenovia, NY 13035

Signing Officer

Name
Todd Luchsinger
Title
Treasurer
Phone
3154201922
Signed
2025-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Prial
Formed
1949
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
58
Volunteers
377

Preparer

Firm
Ryan & Ryan CPAs
Address
130 Albany Street, Cazenovia, NY 13035
Preparer
Jill Ryan
Phone
3156559361
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IRS990/OtherAssetsTotalGrp/BOYAmt03280
IRS990/OtherAssetsTotalGrp/EOYAmt05813
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Program expenses
IRS990/OtherExpensesGrp/Desc1Yard and dock expenses
IRS990/OtherExpensesGrp/Desc2Maintenance
IRS990/OtherExpensesGrp/Desc3Social expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt055399
IRS990/OtherExpensesGrp/ProgramServicesAmt112832
IRS990/OtherExpensesGrp/ProgramServicesAmt24440
IRS990/OtherExpensesGrp/ProgramServicesAmt326923
IRS990/OtherExpensesGrp/TotalAmt055399
IRS990/OtherExpensesGrp/TotalAmt112832
IRS990/OtherExpensesGrp/TotalAmt24440
IRS990/OtherExpensesGrp/TotalAmt326923
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IRS990/OtherLiabilitiesGrp/EOYAmt03985
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
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IRS990/OtherRevenueTotalAmt01438
IRS990/OtherSalariesAndWagesGrp/TotalAmt0203474
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt026822
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Victor Prial
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/Desc0Member services
IRS990/ProgramServiceRevenueGrp/Desc1Programs
IRS990/ProgramServiceRevenueGrp/Desc2Social
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154706
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1101021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260631
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt046315
IRS990/ProgSrvcAccomActy2Grp/Desc0Galley is open during the summer months and serves food to members only
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053154
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034711
IRS990/ProgSrvcAccomActy3Grp/Desc0The club has the only gas pump on Cazenovia Lake. Internally, the gas is used for safety and mark boats for junior sailing and adult racing programs. Gas sales are open to the public, in addition to member sales.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt024842
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt06825
IRS990/PYOtherExpensesAmt0286161
IRS990/PYOtherRevenueAmt02799
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IRS990/PYRevenuesLessExpensesAmt028129
IRS990/PYSalariesCompEmpBnftPaidAmt0214040
IRS990/PYTotalExpensesAmt0500201
IRS990/PYTotalRevenueAmt0528330
IRS990/ReconcilationRevenueExpnssAmt03729
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0424663
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0720193
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0723922
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0312650
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0148425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0356431
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Credit card payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UBI taxes payable
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IRS990ScheduleD/TotalLiabilityAmt03985
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has 377 memberships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors has full power to elect the officers of the club (other than the three commodores), elect members of the club and suspend them by ballot.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The decisions of the board are subject to member approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the Form 990 is provided to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There is a conflict of interest policy requiring written statements from each board member and the 2 primary employees (manager and purser). The board of directors regularly reviews all relationships with its board members and primary employees to determine if any conflicts of interest exist. Identified conflicts, if any, are addressed and resolved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The board of directors, including the 3 flag officers, are uncompensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The flag officers oversee the manager and all club operations. The process for determining employee compensation includes an annual review of performance, roles and responsibilities by the board, using comparative data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization provides Form 990, Form 990T, Form 1023 and the conflict of interest policy to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0546388
IRS990/TotalGrossUBIAmt053615
IRS990/TotalLiabilitiesBOYAmt011369
IRS990/TotalLiabilitiesEOYAmt08607
IRS990/TotalLiabilitiesGrp/BOYAmt011369
IRS990/TotalLiabilitiesGrp/EOYAmt08607
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0720193
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0723922
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0546388
IRS990/TotalProgramServiceRevenueAmt0263010
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0218133
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0550117
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt053615
IRS990/TotalVolunteersCnt0377
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0731562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0732529
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027 Forman Street PO Box 321
IRS990/USAddress/CityNm0Cazenovia
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013035
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0willowbankyc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD LUCHSINGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03154201922
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Willowbank Yacht Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0WILL
ReturnHeader/Filer/EIN0150596658
ReturnHeader/Filer/InCareOfNm0% Todd Luchsinger
ReturnHeader/Filer/PhoneNum03154201922
ReturnHeader/Filer/USAddress/AddressLine1Txt027 Forman Street PO Box 321
ReturnHeader/Filer/USAddress/CityNm0Cazenovia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013035
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161433041
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ryan & Ryan CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 Albany Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cazenovia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013035
ReturnHeader/PreparerPersonGrp/PhoneNum03156559361
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-31

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