Civic Intelligence

Westlake Yacht Club

990 • Fiscal year 2016 • EIN 23-7062514

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 13, 2017

32123 Lindero Canyon RoadWestlake Village, CA 91361

(818) 591-1550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.27x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.67x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

88th percentile

27%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

59th percentile

2.2%

Faster asset growth than 59% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

13%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,238,925

Up $27,235 (+2.2%) from 2015

Net Assets

Up

$904,864

Up $78,485 (+9.5%) from 2015

Liabilities

Down

$334,061

Down $51,250 (-13%) from 2015

Revenue

Up

$497,750

Up $56,167 (+13%) from 2015

Expenses

Up

$362,461

Up $31,974 (+9.7%) from 2015

Net Income

Up

$135,289

Up $24,193 (+22%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $472,872Liabilities 2010: $56,350Net Assets 2010: $416,5222010Assets 2011: $495,589Liabilities 2011: $50,689Net Assets 2011: $444,9002011Assets 2012: $666,912Liabilities 2012: $92,101Net Assets 2012: $574,8112012Assets 2013: $903,972Liabilities 2013: $218,658Net Assets 2013: $685,3142013Assets 2014: $1,146,246Liabilities 2014: $391,703Net Assets 2014: $754,5432014Assets 2015: $1,211,690Liabilities 2015: $385,311Net Assets 2015: $826,3792015Assets 2016: $1,238,925Liabilities 2016: $334,061Net Assets 2016: $904,8642016Assets 2017: $1,922,733Liabilities 2017: $780,039Net Assets 2017: $1,142,6942017Assets 2018: $2,137,927Liabilities 2018: $854,122Net Assets 2018: $1,283,8052018Assets 2019: $2,346,935Liabilities 2019: $928,078Net Assets 2019: $1,418,8572019Assets 2020: $2,586,221Liabilities 2020: $990,169Net Assets 2020: $1,596,0522020Assets 2021: $2,948,945Liabilities 2021: $1,180,124Net Assets 2021: $1,768,8212021Assets 2022: $3,153,957Liabilities 2022: $1,154,904Net Assets 2022: $1,999,0532022Assets 2023: $3,252,409Liabilities 2023: $1,041,229Net Assets 2023: $2,211,1802023Assets 2024: $3,463,488Liabilities 2024: $1,088,546Net Assets 2024: $2,374,9422024

Highlighted filing

2016

Assets$1,238,925
Liabilities$334,061
Net Assets$904,864

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2010: $366,7542010Expenses 2011: $295,5852011Expenses 2012: $286,9522012Expenses 2013: $329,0512013Revenue 2014: $411,419Expenses 2014: $303,799Net Income 2014: $107,6202014Revenue 2015: $441,583Expenses 2015: $330,487Net Income 2015: $111,0962015Revenue 2016: $497,750Expenses 2016: $362,461Net Income 2016: $135,2892016Revenue 2017: $471,321Expenses 2017: $375,743Net Income 2017: $95,5782017Revenue 2018: $537,111Expenses 2018: $398,615Net Income 2018: $138,4962018Revenue 2019: $550,398Expenses 2019: $415,076Net Income 2019: $135,3222019Revenue 2020: $395,416Expenses 2020: $218,221Net Income 2020: $177,1952020Revenue 2021: $450,094Expenses 2021: $277,325Net Income 2021: $172,7692021Revenue 2022: $625,604Expenses 2022: $365,372Net Income 2022: $260,2322022Revenue 2023: $611,727Expenses 2023: $401,421Net Income 2023: $210,3062023Revenue 2024: $590,496Expenses 2024: $422,430Net Income 2024: $168,0662024

Highlighted filing

2016

Revenue$497,750
Expenses$362,461
Net Income$135,289
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 13, 2017
Return Version
2015v3.0
Gross Receipts
$556,954
Mission and Program Overview

Mission

Provide sailing and social activities to its members and provide sailing education and racing for members and the greater community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,079,308$1,074,899▼ $4,409
Cash and Non-Interest-Bearing Accounts$15,412$70,249▲ $54,837
Savings and Temporary Cash Investments$82,967$66,524▼ $16,443
Prepaid Expenses and Deferred Charges$26,627$21,675▼ $4,952
Inventories for Sale or Use$4,276$3,609▼ $667
Accounts Receivable$3,100$1,969▼ $1,131
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$1,211,690$1,238,925▲ $27,235
Other Assets Total-$0-
Liabilities
Other Liabilities$370,000$278,750▼ $91,250
Deferred Revenue$1,251$41,063▲ $39,812
Accounts Payable and Accrued Expenses$14,060$14,248▲ $188
Total Liabilities$385,311$334,061▼ $51,250
Net Assets / Fund Balance
Unrestricted Net Assets$743,412$838,340▲ $94,928
Temporarily Rstr Net Assets$82,967$66,524▼ $16,443
Total Net Assets Fund Balance$826,379$904,864▲ $78,485
Total Liabilities and Net Assets / Fund Balance$1,211,690$1,238,925▲ $27,235

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$968,181$145,997$1,114,178
Other Land Buildings$62,660-$62,660
Equipment$44,058-$44,058
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol KirschbaumPresident & CEO
Hans ForschPresident & CEO
Darius RaulinaitisVice President
Howard BrennerVice President
Andrea McCabeDirector
Arlen JakesDirector
Bill RiesDirector
Charlie BunhauserDirector
Don MeyerDirector
Ed JeffersonDirector
James HarrisonDirector
Jim HarrisonDirector
Judy TresterDirector
Melessa LeeDirector
Sal ScarpatoDirector
Matthew MorrisSecretary
Allan RosenthalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,876
Program Service Revenue
$230,023
Investment Income
$20
Other Revenue
$33,831
All Other Contributions
$27,521
Change in Net Assets
$135,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,005
Salaries, Compensation, and Employee Benefits$40,456
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$65,757
Other Salaries and Wages---$35,715
Insurance---$31,814
Interest---$15,686
Office Expenses---$12,894
Payroll Taxes---$4,741
Fees for Services Accounting---$2,700
Other Expenses---$2,588
Fees for Services Legal---$1,300
All Other Expenses---$-3,664
Total Functional Expenses$0$0$0$362,461
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans From Members$278,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Westlake Yacht Club is a membership organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Executive Committee monitors any confict of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is reviewed by Executive Committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Westlake Yacht Club
EIN
23-7062514
Address
32123 Lindero Canyon Road, Westlake Village, CA 91361

Signing Officer

Name
Allan Rosenthal
Title
Treasurer
Signed
2017-08-13
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
24
Volunteers
100

Preparer

Firm
Allan Rosenthal & Assoc AC
Address
4766 Park Granada Suite 101, Calabasas, CA 91302-3341
Preparer
Allan Rosenthal
Phone
8185911550
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Transfers = -$56804

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
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IRS990/GrossSalesOfInventoryAmt09868
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt031814
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt015686
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04276
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03609
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0145997
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01079308
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01074899
IRS990/LandBldgEquipCostOrOtherBssAmt01220896
IRS990/LegalDomicileStateCd0CA
IRS990/LessRentalExpensesGrp/PersonalAmt042549
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0206355
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide sailing and social activities to its members and provide sailing education and racing for members and the greater community.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0826379
IRS990/NetAssetsOrFundBalancesEOYAmt0904864
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6787
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-6787
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt040618
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt040618
IRS990/NetUnrelatedBusTxblIncmAmt0-6377
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt065757
IRS990/OfficeExpensesGrp/TotalAmt012894
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-56804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Program Expenses
IRS990/OtherExpensesGrp/Desc1Fleet Expenses
IRS990/OtherExpensesGrp/Desc2Membership Expenses
IRS990/OtherExpensesGrp/Desc3Taxes
IRS990/OtherExpensesGrp/TotalAmt0140739
IRS990/OtherExpensesGrp/TotalAmt149500
IRS990/OtherExpensesGrp/TotalAmt22691
IRS990/OtherExpensesGrp/TotalAmt32588
IRS990/OtherLiabilitiesGrp/BOYAmt0370000
IRS990/OtherLiabilitiesGrp/EOYAmt0278750
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt035715
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt04741
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021675
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Committees and Activities
IRS990/ProgramServiceRevenueGrp/Desc1Fleet Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180523
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180523
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0227544
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt059
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0291184
IRS990/PYOtherRevenueAmt08777
IRS990/PYProgramServiceRevenueAmt0205203
IRS990/PYRevenuesLessExpensesAmt0111096
IRS990/PYSalariesCompEmpBnftPaidAmt039303
IRS990/PYTotalExpensesAmt0330487
IRS990/PYTotalRevenueAmt0441583
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0135289
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt040618
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082967
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066524
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0968181
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0145997
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01114178
IRS990ScheduleD/EquipmentGrp/BookValueAmt044058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044058
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt062660
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0278750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loans From Members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01074899
IRS990ScheduleD/TotalLiabilityAmt0278750
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Westlake Yacht Club is a membership organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Committee monitors any confict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is reviewed by Executive Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Transfers = -$56804
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt082967
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt066524
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01211690

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.46$1.09$2.37$0.59$0.42$0.17
2023Detailed filing. Detailed filing data is available for this year.$3.25$1.04$2.21$0.61$0.40$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.15$1.15$2.00$0.63$0.37$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.95$1.18$1.77$0.45$0.28$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.59$0.99$1.60$0.40$0.22$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.35$0.93$1.42$0.55$0.42$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.14$0.85$1.28$0.54$0.40$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.92$0.78$1.14$0.47$0.38$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.33$0.90$0.50$0.36$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.39$0.83$0.44$0.33$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.39$0.75$0.41$0.30$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.22$0.69$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.09$0.57$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.05$0.44$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.06$0.42$0.37