EIN: 74-1250067 · AUSTIN, TX · Data spans: TY2019–TY2024
Most recent filing: Tax Year 2024.
A more recent filing may not yet be published.
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.
$16,382,480
$14,919,377
$19,042,163
$17,947,003
291 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$10,766,723
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$37,000 per employee ⓘ — average across 291 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.
Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.
Named staff org comp sums to $6,138,921. The remaining $4,627,802 is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.
Professional & consulting fees (Part IX, line 11)
TY2024$553,590
Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $11,320,313.
Functional Expense Allocation (Part IX)
TY2024$14,919,377total functional expenses
0.0%
Program services
$0
0.0%
Management & general
$0
0.0%
Fundraising
$0
Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2019 | Before 2020 | 990 | $10,292,033 | $9,207,190 | $1,084,843 | $14,143,116 |
| TY2020 | 2020–2021 | 990 | $9,068,211 | $8,105,742 | $962,469 | $14,236,647 |
| TY2021 | 2020–2021 | 990 | $10,380,550 | $9,961,678 | $418,872 | $14,657,372 |
| TY2022 | 2022+ | 990 | $12,715,715 | $12,028,815 | $686,900 | $15,271,013 |
| TY2023 | 2022+ | 990 | $15,093,955 | $13,681,841 | $1,412,114 | $16,532,161 |
| TY2024 | 2022+ | 990 | $16,382,480 | $14,919,377 | $1,463,103 | $17,947,003 |
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 — most recent year)
Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.
| Line | Description | Amount |
|---|---|---|
| 12 | Total revenue | $16,382,480 |
| 2a | MEMBERSHIP DUES | $7,353,974 |
| 2b | INITIATION FEES | $1,856,500 |
| 2c | CAPITAL DUES | $752,014 |
| 2f | Total program service revenue | $9,962,488 |
| 3 | Investment income | $156 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Balance Sheet (Part X)
TY2024| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $17,984,432 | $19,042,163 |
| 26 | Total liabilities | $1,452,271 | $1,095,160 |
| 33 | Total net assets or fund balances | $16,532,161 | $17,947,003 |
Source: Form 990, Part X, Balance Sheet.
Officers & Key Staff (Part VII)
How to read this section
This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.
Total Volunteer Board Hours/Week (Selected Year): 32
Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.
Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.
Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| KAYE KNOX | DIRECTOR | 2 | Volunteer |
| CAROL GORMIN | DIRECTOR | 2 | Volunteer |
| CAMI HAWKINS | DIRECTOR | 2 | Volunteer |
| MATT MURPHY | DIRECTOR | 2 | Volunteer |
| RUSS SARTAIN | PRESIDENT | 3 | Volunteer |
| BARON UNBEHAGEN | DIRECTOR | 2 | Volunteer |
| MARK WERNER | DIRECTOR | 2 | Volunteer |
| DAVID YOUNG | PAST PRESIDENT | 2 | Volunteer |
| KEVIN SCHOCH | DIRECTOR | 2 | Volunteer |
| KRISTI MORIARTY | VICE PRESIDENT | 3 | Volunteer |
| LESLIE DAVENPORT | SECRETARY | 3 | Volunteer |
| RYAN DALTON | TREASURER | 3 | Volunteer |
| LANDON HERTEL | DIRECTOR | 2 | Volunteer |
| TONY KAYSER | DIRECTOR | 2 | Volunteer |
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
This organization has a written conflict of interest policy requiring officers, directors, and key employees to disclose any personal financial interest in a pending decision — and to step back from that vote. Examples in the sailing world: a board member whose construction company is bidding on a dock renovation, or a director who refers their spouse’s firm for the annual audit. Having a policy doesn’t eliminate conflicts; it creates a documented process for surfacing and managing them. Only 41% of organizations in this corpus report having one.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
A formal process exists for employees, volunteers, or members to report suspected misconduct — and formal protection from retaliation for those who do. This creates a safe channel to flag irregular expense reimbursements, undisclosed vendor relationships, or cash handling questions. In a tight-knit club environment where a small officer corps controls both operations and finances, this protection matters more than the formal policy language might suggest. Only 27.5% of organizations in this corpus report having one.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.
| Name | Title | Comp from Org |
|---|---|---|
| IVAN BARRY | GENERAL MANAGER/COO | $279,000 |
| DENNIS PETRASH | GENERAL MANAGER/COO | $265,501 |
| DENNIS PETRASH | GENERAL MANAGER/COO | $258,998 |
| DENNIS PETRASH | GM/COO (TO MAY 23) | $255,114 |
| DENNIS PETRASH | GENERAL MANAGER/COO | $250,315 |
| DENNIS PETRASH | GENERAL MANAGER/COO | $243,017 |
| BRIAN LUSSON | DIRECTOR OF TENNIS | $216,304 |
| BRIAN LUSSON | DIRECTOR OF TENNIS | $202,326 |
Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 threshold is significant context: most volunteer-run sailing clubs report $0 for all officers. When professional staff — a General Manager, Executive Director, or Harbor Master — earns above that level, it signals an org operating more like a business than a volunteer collective. That’s not inherently good or bad: a $12M club with 45 full-time employees may well need a $200K GM. But a $400K club paying its Commodore $180K warrants scrutiny.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
No independent compensation consultant reported for the most recent year with Schedule J data (2024). Executive pay was set through internal board processes — a compensation committee, comparison to prior years, or board vote — without outside benchmarking. This is common and not inherently concerning for organizations paying market-rate salaries. It becomes more notable as compensation levels rise and the board’s judgment becomes harder to validate externally.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
No equity-based compensation reported — expected for a nonprofit. Nonprofits cannot issue ownership stakes because they have no shareholders. In the for-profit world, equity aligns executive incentives with long-term value creation; the nonprofit analog takes different forms (retention bonuses, deferred comp) but not equity. Zero percent of organizations in the sailing and yacht club corpus report this. If any did, it would immediately raise questions about whether the arrangement is consistent with tax-exempt status.
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.
No related-party transactions found in our data for this organization. Schedule L is only required when transactions occur — absence means none were reported, not necessarily that none occurred.
Voting Board Members
14
Independent Members
14
Total Employees
291
Total Volunteers
50
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, PART VI, SECTION A, LINE 6
THE CLUB WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7A
THE CLUB'S MEMBERSHIP ELECTS THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B
AMENDMENTS TO THE CLUB'S BYLAWS MUST BE APPROVED BY A VOTE OF THE MEMBERSHIP.
FORM 990, PART VI, SECTION B, LINE 11B
THE GENERAL MANAGER REVIEWS THE FORM 990 WITH THE CPA PREPARER AND PROVIDES A COPY TO THE EXECUTIVE COMMITTEE PRIOR TO FILING THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C
AS PART OF THE BOARD ORIENTATION, THE BOARD MEMBERS ARE PROVIDED A COPY OF THE BOARD MEMBERS' RESPONSIBILITIES AND CODE OF ETHICS WHICH ADDRESS CONFLICT OF INTERESTS.
Mission
TO PROVIDE AN EXCEPTIONAL EXPERIENCE BY COMBINING OUR UNIQUE LAKEFRONT LOCATION WITH EXCELLENT FACILITIES, PROGRAMS, AND SERVICES FOR THE ENJOYMENT OF OUR MEMBERS AND FAMILIES.
As stated in the organization's 990 filing.
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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