MICHIGAN CITY YACHT CLUB INC
EIN: 35-0512773 · Data spans: TY2020–TY2025
Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.
Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.
Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.
This organization files Form 990-EZ — the shorter IRS form available to smaller nonprofits. Some schedules included in the full Form 990 are not required on 990-EZ: officer compensation detail (Part VII), functional expense allocation (Part IX), revenue line-items (Part VIII), and most supplemental schedules. Available totals, net assets, and Schedule O text are shown where reported.
$89,829
$107,518
$37,200
W-2 employee count not reported for most recent filing · TY2025 · 990EZ
Total compensation, benefits & payroll taxes (Part IX)
Not available for Form 990-EZ filings. This metric requires a full Form 990.
Professional & consulting fees (Part IX, line 11)
Not available for Form 990-EZ filings. This metric requires a full Form 990.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Financial Health Snapshot
Derived from IRS 990 filings. Figures are as reported — they reflect a single point in time and should be read alongside the full filing history and program context above. No benchmark is a verdict.
Operating Margin
Net revenue as a share of total revenue. Positive = surplus; negative = deficit.
Sector context: sailing organizations typically run thin margins by design. A small surplus signals structural balance; a deficit is not automatically a warning without multi-year trend context.
Net asset reserve (months, proxy)
Total net assets divided by monthly expense. 990-EZ does not break out unrestricted assets, so this is a rough proxy, not a true operating reserve figure.
A common practitioner benchmark: 3–6 months of unrestricted reserves provides a buffer for seasonal revenue gaps or unexpected costs. This figure is not a compliance threshold.
Revenue Change (YoY)
Change in total revenue from TY2024 to TY2025.
A single year of revenue change is a data point, not a trend. See the historical trends above for multi-year pattern context.
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990EZ | $52,838 | $43,500 | $9,338 | $82,247 |
| TY2021 | 2020–2021 | 990EZ | $42,931 | $68,977 | -$26,046 | $56,201 |
| TY2022 | 2022+ | 990EZ | $46,719 | $40,538 | $6,181 | $62,382 |
| TY2023 | 2022+ | 990EZ | $61,558 | $56,425 | $5,133 | $67,515 |
| TY2024 | 2022+ | 990EZ | $52,926 | $53,636 | -$710 | $66,805 |
| TY2025 | 2022+ | 990EZ | $89,829 | $107,518 | -$17,689 | $37,200 |
Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.
Revenue Breakdown
Part VIII line-level detail is not available for this organization. The most common reason is that this organization files Form 990-EZ, which does not include the same revenue schedule as the full Form 990. Revenue totals are still reported in the key metrics above where available.
Governance & Transparency Signals
The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.
Conflict of Interest Policy
Form 990, Part VI — Line 12a
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Part VI governance questions — including the conflict of interest policy — appear only on the full Form 990. This organization files a shorter form available to smaller or specialized filers. Full 990 filers must answer these questions and make the responses public.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Whistleblower policy disclosure is part of the full Form 990’s Part VI. The IRS added this question after Sarbanes-Oxley to encourage nonprofits to adopt protections analogous to those required of public companies.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
No individual compensation reported for this organization in the most recent filing.
Most volunteer-run sailing clubs report $0 officer compensation. Part VII still exists in the filing — it lists officers and directors with $0 reportable compensation, meaning this club is led by unpaid volunteers. When compensation appears in other filings, it marks a transition: the organization has grown to the point where professional management was engaged.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Schedule J is a supplement to the full Form 990 only. It captures how high executive pay was set and what perquisites were provided.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Related-Party Transactions (Schedule L)
Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)
Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.
Schedule L detail is extracted from full Form 990 XML. This organization files Form 990-EZ, which uses different disclosure rules.
Schedule O — Supplemental Information (most recent year)
Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.
FORM 990-EZ, PART I, LINE 16
SALE OF MERCHANDISE COST OF GOODS SOLD 3,756 EXPENSES 813 2,411 4,825 38,155 8,931 BANK FEES 161 PROCESSING FEES 1,892 DUES AND SUBSCRIPTIONS 1,083 EVENTS 529 PAYROLL SERVICE 586 NON-INVESTMENT DEPRECIATION 6,689 TOTAL 69,831
FORM 990-EZ, PART I, LINE 20
PRIOR PERIOD ADJUSMENT -11,916 THE BANK CD'S WERE OVERSTATED BY THE PRIOR CPA BY NEARLY 12,000, BASED ON WHEN THEY MATURED AND WERE CASHED IN. THE ORGANIZATION CHOSE TO DO A PRIOR PERIOD ADJUSTMENT TO CORRECT THIS ERROR.
FORM 990-EZ, PART II, LINE 24
BUILDING 0 340,000 LESS ACCUMULATED DEPRECIATION 0 6,538 BUILDING IMPROVEMENTS 0 4,522 LESS ACCUMULATED DEPRECIATION 0 151 FURNITURE 2,695 2,695 LESS ACCUMULATED DEPRECIATION 0 0 INVESTMENTS 8,869 8,869 TOTAL 11,564 349,397
FORM 990-EZ, PART II, LINE 26
UNSECURED NOTES AND LOANS PAYABLE 0 400,000
FORM 990-EZ, PART III
THE MICHIGAN CITY YACHT CLUB WAS FOUNDED AS A NON-PROFIT CORPORATION FOR THE PROMOTION OF YACHTING. EVERY EFFORT WAS MADE TO INCREASE RACING ACTIVITIES FOR SAIL YACHTS, TO ORGANIZE CLUB CRUISES FOR POWER YACHTS, AND TO CARRY ON THE SOCIAL LIFE OF THE CLUB IN BOTH SUMMER AND WINTER IN A MANNER OF INTEREST TO ALL MEMBERS.
IRS Source Filings
Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.
Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.
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📡 Filing Signals (2 total)
Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.
Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.
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