Civic Intelligence

Sandusky Yacht Club Inc

EIN 34-4346633 • 501(c)7 • Sandusky, OH

Profile

To provide the highest level of recreational boating experiences, while creating a sense of community among its members. To foster an environment that is both inviting and entertaining, and creates lifetime memories on sandusky bay.

529 E Water StreetSandusky, OH 44870-2855

sanduskyyachtclub.com

Siviq Scores

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

Liabilities / Assets

95th percentile

0.96x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.40x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

51st percentile

6.1%

Higher net margin than 51% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$177,388

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

89th percentile

20%

Faster asset growth than 89% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

7.3%

Faster revenue growth than 56% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,695,673

Up $790,746 (+20%) from 2023

Liabilities

Up

$4,514,944

Up $592,877 (+15%) from 2023

Net Assets

Up

$180,729

Up $197,869 (+1154%) from 2023

Revenue

Up

$3,232,015

Up $220,774 (+7.3%) from 2023

Expenses

Up

$3,034,148

Up $204,945 (+7.2%) from 2023

Net Income

Up

$197,867

Up $15,829 (+8.7%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,710,045Liabilities 2010: $4,889,734Net Assets 2010: -$179,6892010Assets 2011: $4,638,991Liabilities 2011: $4,746,409Net Assets 2011: -$107,4182011Assets 2012: $4,490,353Liabilities 2012: $4,572,322Net Assets 2012: -$81,9692012Assets 2013: $4,431,084Liabilities 2013: $4,481,858Net Assets 2013: -$50,7742013Assets 2014: $4,431,683Liabilities 2014: $4,524,216Net Assets 2014: -$92,5332014Assets 2015: $3,707,844Liabilities 2015: $4,473,551Net Assets 2015: -$765,7072015Assets 2016: $3,460,107Liabilities 2016: $4,086,256Net Assets 2016: -$626,1492016Assets 2017: $3,145,752Liabilities 2017: $3,874,037Net Assets 2017: -$728,2852017Assets 2018: $3,067,464Liabilities 2018: $3,950,808Net Assets 2018: -$883,3442018Assets 2019: $2,826,021Liabilities 2019: $3,772,307Net Assets 2019: -$946,2862019Assets 2020: $3,332,317Liabilities 2020: $3,724,535Net Assets 2020: -$392,2182020Assets 2021: $3,864,436Liabilities 2021: $3,981,799Net Assets 2021: -$117,3632021Assets 2022: $3,878,238Liabilities 2022: $4,039,077Net Assets 2022: -$160,8392022Assets 2023: $3,904,927Liabilities 2023: $3,922,067Net Assets 2023: -$17,1402023Assets 2024: $4,695,673Liabilities 2024: $4,514,944Net Assets 2024: $180,7292024

Highlighted filing

2024

Assets$4,695,673
Liabilities$4,514,944
Net Assets$180,729

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,127,0062010Expenses 2011: $2,094,2072011Expenses 2012: $2,071,4032012Revenue 2013: $1,974,298Expenses 2013: $1,943,103Net Income 2013: $31,1952013Revenue 2014: $1,949,212Expenses 2014: $1,990,971Net Income 2014: -$41,7592014Revenue 2015: $1,830,257Expenses 2015: $1,942,244Net Income 2015: -$111,9872015Revenue 2016: $1,823,856Expenses 2016: $1,863,013Net Income 2016: -$39,1572016Revenue 2017: $1,802,315Expenses 2017: $1,893,848Net Income 2017: -$91,5332017Revenue 2018: $1,907,389Expenses 2018: $2,062,448Net Income 2018: -$155,0592018Revenue 2019: $2,050,201Expenses 2019: $2,113,143Net Income 2019: -$62,9422019Revenue 2020: $2,597,428Expenses 2020: $2,043,360Net Income 2020: $554,0682020Revenue 2021: $2,724,169Expenses 2021: $2,372,733Net Income 2021: $351,4362021Revenue 2022: $2,706,284Expenses 2022: $2,750,863Net Income 2022: -$44,5792022Revenue 2023: $3,011,241Expenses 2023: $2,829,203Net Income 2023: $182,0382023Revenue 2024: $3,232,015Expenses 2024: $3,034,148Net Income 2024: $197,8672024

Highlighted filing

2024

Revenue$3,232,015
Expenses$3,034,148
Net Income$197,867

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$4.51$0.18$3.23$3.03$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.90$3.92$0.02$3.01$2.83$0.18
2022Detailed filing. Detailed filing data is available for this year.$3.88$4.04$0.16$2.71$2.75$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.86$3.98$0.12$2.72$2.37$0.35
2020Detailed filing. Detailed filing data is available for this year.$3.33$3.72$0.39$2.60$2.04$0.55
2019Detailed filing. Detailed filing data is available for this year.$2.83$3.77$0.95$2.05$2.11$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.07$3.95$0.88$1.91$2.06$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.15$3.87$0.73$1.80$1.89$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.46$4.09$0.63$1.82$1.86$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.71$4.47$0.77$1.83$1.94$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.43$4.52$0.09$1.95$1.99$0.04
2013Detailed filing. Detailed filing data is available for this year.$4.43$4.48$0.05$1.97$1.94$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$4.57$0.08$2.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$4.75$0.11$2.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.71$4.89$0.18$2.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.0
Gross Receipts
$3,970,171
Mission and Program Overview

Mission

Operation of yacht club for members

To provide the highest level of recreational boating experiences, while creating a sense of community among its members. To foster an environment that is both inviting and entertaining, and creates lifetime memories on sandusky bay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,550,297$3,592,503▲ $1,042,206
Accounts Receivable$527,762$553,055▲ $25,293
Savings and Temporary Cash Investments$373,552$209,780▼ $163,772
Pd in Cap Srpls Land Bldg Eqp Fund$248,400$144,750▼ $103,650
Inventories for Sale or Use$74,338$78,329▲ $3,991
Prepaid Expenses and Deferred Charges$46,152$48,834▲ $2,682
Rtn Earn Endowment Incm Other Fnds$-265,540$35,979▲ $301,519
Cash and Non-Interest-Bearing Accounts$1,820$2,550▲ $730
Loans From Officers Directors$466$199▼ $267
Total Assets$3,904,927$4,695,673▲ $790,746
Other Assets Total$331,006$210,622▼ $120,384
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,388,617$2,874,244▲ $485,627
Deferred Revenue$1,346,408$1,381,634▲ $35,226
Accounts Payable and Accrued Expenses$178,155$195,109▲ $16,954
Other Liabilities$8,421$63,758▲ $55,337
Total Liabilities$3,922,067$4,514,944▲ $592,877
Net Assets / Fund Balance
Total Net Assets Fund Balance$-17,140$180,729▲ $197,869
Total Liabilities and Net Assets / Fund Balance$3,904,927$4,695,673▲ $790,746

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,810,462$5,035,822$6,846,284
Buildings$1,142,150$2,299,723$3,441,873
Equipment$148,322$815,428$963,750
Land$491,569-$491,569
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David DunnGeneral ManaFT$159,859$17,529$177,388
David DunnGeneral Manager-$139,859$37,529$177,388
Mark DahlmannSecretary-$1,000-$1,000
Mike ClaarTreasurer-$1,000-$1,000
Peter McgoryLegal Office-$1,000-$1,000

Board Members and Trustees

NameTitle
Bill PorterTrustee
Brian RobertsonTrustee
Connie FrischTrustee
Dan DenardyTrustee
Doug JacksonTrustee
Grant WallsTrustee
Kathy RunnerTrustee
Sarah FranklinTrustee
Tom TuckerTrustee
Jeff ClaarChaplain
Vern BrantCommodore
Don RiggenbachFleet Captai
Heather MilicevicRear Commodo
Jordan PowellVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,406,678
Investment Income
$-87,643
Other Revenue
$912,980
Change in Net Assets
$197,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,645,633
Other Expenses$1,388,515
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,160,045
Occupancy---$305,785
Depreciation Depletion---$291,564
All Other Expenses---$198,803
Current Officers, Directors, Trustees, and Key Employees---$177,388
Payroll Taxes---$146,290
Other Employee Benefits---$141,206
Interest---$115,749
Insurance---$64,828
Fees for Services Legal---$55,768
Other Expenses---$53,127
Information Technology---$41,205
Office Expenses---$24,823
Pension Plan Contributions---$20,704
Advertising---$8,702
Fees for Services Accounting---$4,886
Travel---$959
Total Functional Expenses$0$0$0$3,034,148
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$466$199▼ $267
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Monthly Dues$48,495
Unredeemed Syc Gift Cards$5,191
Undistributed Member to Staff Donati$4,626
Real Estate Tax Pay Umyc$2,776
Unearned Winter Dockage Fees$2,250
Cable Box Deposits$420
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

Form 990, Part VI

Line 13 - written whistleblower policy. There is a written whistleblower policy in place for the employees but there is not a policy in place for the governing body.

Form 990, Page 6, Part VI, Line 6

The organization is a member club.

Form 990, Page 6, Part VI, Line 7A

The members of the yacht club elect the trustees.

Form 990, Page 6, Part VI, Line 7B

The members have rights according to the by-laws.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict questionnaire is completed by officers and trustees annually and reviewed by the coo.

Form 990, Page 6, Part VI, Line 15A

The salary of the coo is defined by his/her contract that is established every 3-5 years and voted on by the trustees.

Form 990, Page 6, Part VI, Line 15B

Officer compensation is determined by the by-laws and set by the current trustees.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available to the members only. These documents are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Sandusky Yacht Club Inc
EIN
34-4346633
Phone
4196256567
Address
529 E WATER STREET, SANDUSKY, OH 44870-2855

Signing Officer

Name
Mike Claar
Title
Treasurer
Phone
4196256567
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vern Brant
Formed
1894
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
104
Volunteers
96

Preparer

Firm
Payne Nickles & Company
Address
257 BENEDICT AVENUE BLDG D, NORWALK, OH 44857
Preparer
David W Brink CPA
Phone
4196682552
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide the highest level of recreational boating experiences, while creating a sense of community among its members. To foster an environment that is both inviting and entertaining, and creates lifetime memories on sandusky bay.

Form 990, Part XI, Line 9

Book / tax depreciation difference 2

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IRS990/Form990PartVIISectionAGrp/PersonNm16TOM TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm17GRANT WALLS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3LEGAL OFFICE
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMODORE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAPLAIN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10REAR COMMODO
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE COMMODO
IRS990/Form990PartVIISectionAGrp/TitleTxt13FLEET CAPTAI
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/MissionDesc0TO PROVIDE THE HIGHEST LEVEL OF RECREATIONAL BOATING EXPERIENCES, WHILE CREATING A SENSE OF COMMUNITY AMONG ITS MEMBERS. TO FOSTER AN ENVIRONMENT THAT IS BOTH INVITING AND ENTERTAINING, AND CREATES LIFETIME MEMORIES ON SANDUSKY BAY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF CLUBHOUSE, RESTAURANT, MARINA, SHIP'S STORE, AND POOL FOR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLICATION OF MONTHLY NEWSLETTER "THE WATCH"
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNDISTRIBUTED MEMBER TO STAFF DONATI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REAL ESTATE TAX PAY UMYC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNEARNED WINTER DOCKAGE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5CABLE BOX DEPOSITS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID DUNN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CAPITAL IMPROVEMENT
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THROUGH SEPTEMBER 2020 EACH SANDUSKY YACHT CLUB MEMBER LOANED MONEY INTO THE CAPITAL IMPROVEMENT FUND (CIF) AT A SET AMOUNT OF 100 PER YEAR UP TO A MAXIMUM OF 1,500. THE YACHT CLUB COULD USE THE PRINCIPAL TO FUND CAPITAL IMPROVEMENT PROJECTS BUT PAID INTEREST ON THE BORROWED MONEY TO THE CIF FUND. A COMMITTEE APPOINTED BY THE TRUSTEES OVERSAW THE CIF. THE LOAN BECAME DUE WHEN THE MEMBER TERMINATED HIS/HER MEMBERSHIP. IN SEPTEMBER 2020, THE PROCESS CHANGED. MEMBERS WOULD BE CHARGED CAPITAL DUES ANNUALLY UNTIL THEY TERMINATED THEIR MEMBERSHIP. HOWEVER, MEMBERS COULD TURN OVER THEIR 1,500 CIF BALANCES OR BUY UP TO 1,500 TO TURN OVER THEIR BALANCES TO THE CAPITAL DUES FUND TO NOT HAVE TO PAY CAPITAL DUES IN THE FUTURE. ALTERNATIVELY, MEMBERS COULD LEAVE THEIR CIF MONEY IN THE FUND TO PAY THEIR CAPITAL DUES (PLUS SALES TAX) ANNUALLY UNTIL THEIR BALANCES ARE EXHAUSTED.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0199
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE THE HIGHEST LEVEL OF RECREATIONAL BOATING EXPERIENCES, WHILE CREATING A SENSE OF COMMUNITY AMONG ITS MEMBERS. TO FOSTER AN ENVIRONMENT THAT IS BOTH INVITING AND ENTERTAINING, AND CREATES LIFETIME MEMORIES ON SANDUSKY BAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 13 - WRITTEN WHISTLEBLOWER POLICY. THERE IS A WRITTEN WHISTLEBLOWER POLICY IN PLACE FOR THE EMPLOYEES BUT THERE IS NOT A POLICY IN PLACE FOR THE GOVERNING BODY.

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