Civic Intelligence

South Haven Yacht Club

EIN 38-1052945 • 501(c)7 • South Haven, MI

Profile

The mission of shyc is to (1) promote member involvement in the furthering of boating, (2) promote boating safely in a healthy and culturally enriching manner, (3) provide member services in an efficient, economical and professional manner, and (4) preserve the property, history and rich heritage of the club.

401 Williams StSouth Haven, MI 49090

www.southhavenyachtclub.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.25x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

56th percentile

0.35x

Higher debt load relative to revenue than 56% of similar nonprofits.

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

Net Margin

42nd percentile

3.1%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

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

Asset Growth

38th percentile

0.1%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

31st percentile

0.0%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Up

$2,295,633

Up $1,206 (+0.1%) from 2023

Liabilities

Down

$575,640

Down $41,732 (-6.8%) from 2023

Net Assets

Up

$1,719,993

Up $42,938 (+2.6%) from 2023

Revenue

Up

$1,656,609

Up $322 (+0.0%) from 2023

Expenses

Down

$1,605,298

Down $16,730 (-1.0%) from 2023

Net Income

Up

$51,311

Up $17,052 (+50%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $1,650,515Liabilities 2019: $607,878Net Assets 2019: $1,042,6372019Assets 2020: $1,683,620Liabilities 2020: $533,096Net Assets 2020: $1,150,5242020Assets 2021: $2,298,481Liabilities 2021: $858,860Net Assets 2021: $1,439,6212021Assets 2022: $2,350,984Liabilities 2022: $696,982Net Assets 2022: $1,654,0022022Assets 2023: $2,294,427Liabilities 2023: $617,372Net Assets 2023: $1,677,0552023Assets 2024: $2,295,633Liabilities 2024: $575,640Net Assets 2024: $1,719,9932024

Highlighted filing

2024

Assets$2,295,633
Liabilities$575,640
Net Assets$1,719,993

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $74,661Expenses 2019: $101,463Net Income 2019: -$26,8022019Revenue 2020: $1,108,448Expenses 2020: $1,009,195Net Income 2020: $99,2532020Revenue 2021: $1,416,062Expenses 2021: $1,116,285Net Income 2021: $299,7772021Revenue 2022: $1,812,776Expenses 2022: $1,588,837Net Income 2022: $223,9392022Revenue 2023: $1,656,287Expenses 2023: $1,622,028Net Income 2023: $34,2592023Revenue 2024: $1,656,609Expenses 2024: $1,605,298Net Income 2024: $51,3112024

Highlighted filing

2024

Revenue$1,656,609
Expenses$1,605,298
Net Income$51,311

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 22, 2025
Return Version
2023v6.0
Gross Receipts
$1,669,158
Mission and Program Overview

Mission

The mission of shyc is to (1) promote member involvement in the furthering of boating, (2) promote boating safely in a healthy and culturally enriching manner, (3) provide member services in an efficient, economical and professional manner, and (4) preserve the property, history and rich heritage of the club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,552,836$1,448,911▼ $103,925
Savings and Temporary Cash Investments$413,598$554,681▲ $141,083
Accounts Receivable$177,493$158,387▼ $19,106
Cash and Non-Interest-Bearing Accounts$85,377$56,076▼ $29,301
Inventories for Sale or Use$48,260$50,277▲ $2,017
Prepaid Expenses and Deferred Charges$16,863$27,301▲ $10,438
Total Assets$2,294,427$2,295,633▲ $1,206
Liabilities
Deferred Revenue$334,720$415,055▲ $80,335
Mortgage Notes Payable Secured by Investment Property$223,925$126,157▼ $97,768
Accounts Payable and Accrued Expenses$58,727$34,428▼ $24,299
Total Liabilities$617,372$575,640▼ $41,732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,677,055$1,719,993▲ $42,938
Total Net Assets Fund Balance$1,677,055$1,719,993▲ $42,938
Total Liabilities and Net Assets / Fund Balance$2,294,427$2,295,633▲ $1,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$858,111$791,218$1,649,329
Buildings$523,737$427,889$951,626
Equipment$12,472$72,811$85,283
Land$54,591-$54,591
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan JohnstonBoard Member
Lisa L KozickiBoard Member
Melanie LandryBoard Member
Stacey GrantBoard Member
Tristan WilsonBoard Member
Tara NultyCommodore
Lee UtkePast Commodo
Elizabeth BernhardSecretary
Laura MarcyTreasurer
Jason HaywoodVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,632,667
Investment Income
$12,766
Other Revenue
$11,176
Change in Net Assets
$51,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,096,566
Salaries, Compensation, and Employee Benefits$508,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$468,266
All Other Expenses---$203,123
Depreciation Depletion---$102,820
Insurance---$87,973
Other Expenses---$54,617
Payroll Taxes---$40,466
Occupancy---$37,686
Fees for Services Accounting---$33,611
Interest---$7,536
Advertising---$2,202
Office Expenses---$1,833
Information Technology---$1,663
Total Functional Expenses$0$0$0$1,605,298
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,725
Fundraising Direct Expenses$12,549
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
QUEEN'S CUP$23,725$23,725$12,549$11,176
Total Events$23,725$23,725$12,549$11,176
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

The board commodore reviews form 990 before filing.

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

Board members sign acknowledgements annually regarding their compliance with the organization's conflict of interest policy

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The South Haven Yacht Club
EIN
38-1052945
Phone
2696372305
Address
401 WILLIAMS ST, SOUTH HAVEN, MI 49090
Doing Business As
South Haven Yacht Club

Signing Officer

Name
Tara Nulty
Title
Commodore
Phone
2696372305
Signed
2025-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Nulty
Formed
1940
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
36
Volunteers
300

Preparer

Firm
De Boer Baumann & Company Plc
Address
355 SETTLERS ROAD, HOLLAND, MI 49423
Preparer
Brad Weber
Phone
6163961435
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of shyc is to (1) promote member involvement in the furthering of boating, (2) promote boating safely in a healthy and culturally enriching manner, (3) provide member services in an efficient, economical and professional manner, and (4) preserve the property, history and rich heritage of the club.

Form 990, Part IX, Line 24E

Sailing repairs 33,037 0 0 building maintenance 27,775 0 0 grounds maintenance 23,795 0 0 restaurant supplies 20,026 0 0 dues and subscriptions 18,569 0 0 ach processing fees 16,682 0 0 music & entertainers 9,865 0 0 gas & diesel tank 7,190 0 0 retail merchandise cost 7,101 0 0 reimbursement - heal 6,361 0 0 linens 5,670 0 0 equipment lease 3,707 0 0 licenses and permits 3,518 0 0 race expense 2,808 0 0 dock maintenance 2,341 0 0 other miscellaneous expen 2,281 0 0 decoration & party 2,250 0 0 other business expenses 2,113 0 0 cell phone reimbursement 1,300 0 0 slip rental management 1,203 0 0 administrative fees 0 1,128 0 motor fuel tax 1,045 0 0 repairs and maintenance 1,043 0 0 uniforms 417 0 0 member capital fundraisin 380 0 0 comp meals 338 0 0 sailing gas 316 0 0 bank fees 0 251 0 cogs ice 150 0 0 membership meeting 127 0 0 paypal fees 117 0 0 lightning bar supplies 110 0 0 cash over & short 73 0 0 taxes 0 36 0 total 201,708 1,415 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -8,373

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

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IRS990/ProgSrvcAccomActy2Grp/Desc0DOCK SERVICES AND GASOLINE SALES FOR MEMBERS OF THE YACHT CLUB.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0391122
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0575667
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE MEMBER SERVICES, PROMOTE BOATING SAFETY, AND PRESERVE CLUB HERITAGE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt085926
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0503691
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01172
IRS990/PYOtherExpensesAmt01101917
IRS990/PYProgramServiceRevenueAmt01655115
IRS990/PYRevenuesLessExpensesAmt034259
IRS990/PYSalariesCompEmpBnftPaidAmt0520111
IRS990/PYTotalExpensesAmt01622028
IRS990/PYTotalRevenueAmt01656287
IRS990/ReconcilationRevenueExpnssAmt051311
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0553309
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0413598
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0554681
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0523737
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0427889
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0951626
IRS990ScheduleD/EquipmentGrp/BookValueAmt012472
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085283
IRS990ScheduleD/LandGrp/BookValueAmt054591
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt054591
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0858111
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0791218
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01649329
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01448911
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012549
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0QUEEN'S CUP
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023725
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011176
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012549
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012549
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF SHYC IS TO (1) PROMOTE MEMBER INVOLVEMENT IN THE FURTHERING OF BOATING, (2) PROMOTE BOATING SAFELY IN A HEALTHY AND CULTURALLY ENRICHING MANNER, (3) PROVIDE MEMBER SERVICES IN AN EFFICIENT, ECONOMICAL AND PROFESSIONAL MANNER, AND (4) PRESERVE THE PROPERTY, HISTORY AND RICH HERITAGE OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD COMMODORE REVIEWS FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN ACKNOWLEDGEMENTS ANNUALLY REGARDING THEIR COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAILING REPAIRS 33,037 0 0 BUILDING MAINTENANCE 27,775 0 0 GROUNDS MAINTENANCE 23,795 0 0 RESTAURANT SUPPLIES 20,026 0 0 DUES AND SUBSCRIPTIONS 18,569 0 0 ACH PROCESSING FEES 16,682 0 0 MUSIC & ENTERTAINERS 9,865 0 0 GAS & DIESEL TANK 7,190 0 0 RETAIL MERCHANDISE COST 7,101 0 0 REIMBURSEMENT - HEAL 6,361 0 0 LINENS 5,670 0 0 EQUIPMENT LEASE 3,707 0 0 LICENSES AND PERMITS 3,518 0 0 RACE EXPENSE 2,808 0 0 DOCK MAINTENANCE 2,341 0 0 OTHER MISCELLANEOUS EXPEN 2,281 0 0 DECORATION & PARTY 2,250 0 0 OTHER BUSINESS EXPENSES 2,113 0 0 CELL PHONE REIMBURSEMENT 1,300 0 0 SLIP RENTAL MANAGEMENT 1,203 0 0 ADMINISTRATIVE FEES 0 1,128 0 MOTOR FUEL TAX 1,045 0 0 REPAIRS AND MAINTENANCE 1,043 0 0 UNIFORMS 417 0 0 MEMBER CAPITAL FUNDRAISIN 380 0 0 COMP MEALS 338 0 0 SAILING GAS 316 0 0 BANK FEES 0 251 0 COGS ICE 150 0 0 MEMBERSHIP MEETING 127 0 0 PAYPAL FEES 117 0 0 LIGHTNING BAR SUPPLIES 110 0 0 CASH OVER & SHORT 73 0 0 TAXES 0 36 0 TOTAL 201,708 1,415 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -8,373
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02294427
IRS990/TotalAssetsEOYAmt02295633
IRS990/TotalAssetsGrp/BOYAmt02294427
IRS990/TotalAssetsGrp/EOYAmt02295633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01605298
IRS990/TotalGrossUBIAmt012766
IRS990/TotalLiabilitiesBOYAmt0617372
IRS990/TotalLiabilitiesEOYAmt0575640
IRS990/TotalLiabilitiesGrp/BOYAmt0617372
IRS990/TotalLiabilitiesGrp/EOYAmt0575640
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01677055
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01719993
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0334804
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0334804
IRS990/TotalProgramServiceExpensesAmt01572593
IRS990/TotalProgramServiceRevenueAmt01632667
IRS990/TotalRevenueGrp/ExclusionAmt011176
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01632667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01656609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012766
IRS990/TotalVolunteersCnt0300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02294427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02295633
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0401 WILLIAMS ST
IRS990/USAddress/CityNm0SOUTH HAVEN
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049090
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.SOUTHHAVENYACHTCLUB.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TARA NULTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum02696372305
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOUTH HAVEN YACHT CLUB
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0381052945
ReturnHeader/Filer/PhoneNum02696372305
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 WILLIAMS ST
ReturnHeader/Filer/USAddress/CityNm0SOUTH HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049090
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381968022
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DE BOER BAUMANN & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0355 SETTLERS ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOLLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049423
ReturnHeader/PreparerPersonGrp/PhoneNum06163961435
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD WEBER
ReturnHeader/ReturnTs02025-08-25T09:49:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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