Civic Intelligence

Lorain Harbor Boat Club Inc

EIN 34-1845824 • 501(c)7 • Lorain, OH

Profile

501c7 Sport Club - Provide boating public/members with resources to enjoy the sports of boating, fishing, sailing, racing and to enhance safety upon the water through educational opportunities to our members.

PO Box 1134Lorain, OH 44055

lorainhbc.org

Siviq Scores

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

Liabilities / Assets

94th percentile

0.74x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.58x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

21%

Higher net margin than 82% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

69th percentile

9.4%

Faster asset growth than 69% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-3.1%

Faster revenue growth than 41% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$137,141

Up $11,797 (+9.4%) from 2023

Liabilities

Up

$101,536

Up $96,525 (+1926%) from 2023

Net Assets

Down

$35,605

Down $84,728 (-70%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin82nd percentile

Revenue

Down

$175,428

Down $5,635 (-3.1%) from 2023

Expenses

Down

$138,017

Down $46,457 (-25%) from 2023

Net Income

Up

$37,411

Up $40,822 (+1197%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$200K$100K$0-$100KAssets 2019: $102,042Liabilities 2019: $162,277Net Assets 2019: -$60,2352019Assets 2021: $164,132Liabilities 2021: $137,380Net Assets 2021: $26,7522021Assets 2022: $199,216Liabilities 2022: $75,472Net Assets 2022: $123,7442022Assets 2023: $125,344Liabilities 2023: $5,011Net Assets 2023: $120,3332023Assets 2024: $137,141Liabilities 2024: $101,536Net Assets 2024: $35,6052024

Highlighted filing

2024

Assets$137,141
Liabilities$101,536
Net Assets$35,605
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $128,542Expenses 2019: $82,648Net Income 2019: $45,8942019Revenue 2021: $173,525Expenses 2021: $110,833Net Income 2021: $62,6922021Revenue 2022: $174,450Expenses 2022: $77,458Net Income 2022: $96,9922022Revenue 2023: $181,063Expenses 2023: $184,474Net Income 2023: -$3,4112023Revenue 2024: $175,428Expenses 2024: $138,017Net Income 2024: $37,4112024

Highlighted filing

2024

Revenue$175,428
Expenses$138,017
Net Income$37,411
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,141
Liabilities
$101,536
Net assets
$35,605
Revenue
$175,428
Expenses
$138,017
Net income
$37,411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$1.02$0.36$1.75$1.38$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$1.81$1.84$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.75$1.24$1.74$0.77$0.97
2021Detailed filing. Detailed filing data is available for this year.$1.64$1.37$0.27$1.74$1.11$0.63
2019Detailed filing. Detailed filing data is available for this year.$1.02$1.62$0.60$1.29$0.83$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$175,632
Mission and Program Overview

Mission

Yacht Club

Sports Club Boat Club for Boating Members

Program Services

DescriptionGrantsExpenses
Operation of Marina and Winter Storage for Members Boats$0$0
Operation of Bar, Kitchen and Events for members and their guests$0$0
Support for Sister 501C3 Boating Education Foundation and local Metro Park Boating Program in terms of space and volunteers$0$0
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wesley ScottTreasurerPT$0--
Donald KasparCommadorePT$0--
Greg WoodRear CommodorePT$0--
Bob EnglehardtVice CommodorePT$0--
Bob CoffmanMarina ManagerPT$0--
Claudia KasparSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Lorain Harbor Boat Club Inc
EIN
34-1845824
Phone
4402880500
Address
PO Box 1134, Lorain, OH 44055

Signing Officer

Name
David Furst
Title
Treasurer (2025)
Phone
4402880500
Signed
2025-11-17
Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0David Furst
IRS990EZ/BooksInCareOfDetail/PhoneNum02163188450
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01380 Parkview Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lyndhurst
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044124
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt074277
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0102211
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt037411
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0300
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0125344
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0137141
IRS990EZ/FundraisingGrossIncomeAmt0582
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0175632
IRS990EZ/GrossReceiptsForPublicUseAmt08000
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InitialReturnInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt03
IRS990EZ/LandAndBuildingsGrp/BOYAmt035535
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt021835
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0120333
IRS990EZ/NetAssetsOrFundBalancesEOYAmt035605
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0120333
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt035605
IRS990EZ/OccupancyRentUtltsAndMaintAmt024876
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt310.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt415.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt52.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Wesley Scott
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Donald Kaspar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Greg Wood
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Bob Englehardt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Bob Coffman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Claudia Kaspar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Commadore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Rear Commodore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice Commodore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Marina Manager
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt015532
IRS990EZ/OtherAssetsTotalDetail/EOYAmt034930
IRS990EZ/OtherChangesInNetAssetsAmt0-122139
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt0112739
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Sports Club Boat Club for Boating Members
IRS990EZ/PrintingPublicationsPostageAmt0102
IRS990EZ/ProgramServiceRevenueAmt0153212
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Operation of Marina and Winter Storage for Members Boats
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Operation of Bar, Kitchen and Events for members and their guests
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Support for Sister 501C3 Boating Education Foundation and local Metro Park Boating Program in terms of space and volunteers
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt0204
IRS990EZ/SpecialEventsNetIncomeLossAmt0378
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OH
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05011
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0101536
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0138017
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0175428
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://lorainhbc.org
ReasonableCauseExplanation/ExplanationTxt0A Form 8868 was filed to too Treasurer change and not enough familiarity with system for new Treasurer
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Furst
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer (2025)
ReturnHeader/BusinessOfficerGrp/PhoneNum04402880500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORAIN HARBOR BOAT CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0LORA
ReturnHeader/Filer/EIN0341845824
ReturnHeader/Filer/PhoneNum04402880500
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1134
ReturnHeader/Filer/USAddress/CityNm0Lorain
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044055
ReturnHeader/ReturnTs02025-11-17T19:21:02Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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