Financial Report

Fidalgo Yacht Club

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EIN
91-1015718
Forms in history
990
Most recent year
2024
Years covered
2020, 2021, 2022, 2023, 2024
Generated
2026-08-24
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Cover, Identity, and Data Lineage

OrganizationFidalgo Yacht Club
Employer Identification Number (EIN)91-1015718
Years covered2020, 2021, 2022, 2023, 2024

Source: IRS machine-readable 990 XML filings. Generated: 2026-08-24 Years + form type: 2020:990, 2021:990, 2022:990, 2023:990, 2024:990 Disclaimer: This report supplements — not replaces — current internal financial records, budgets, YTD reporting, cash forecasts, and audited or reviewed financial statements where available. It presents as-filed IRS figures and may lag the organization's current financial position.

Executive Snapshot

Latest year2024
Operating margin+17.2%
Months of cash12.4 months
Operating reserve ratio7.65×
Leverage (liabilities/assets)0.04×
Revenue YoY→ Not reported
Expense YoY→ Not reported

This Financial Report summarizes IRS machine-readable Form 990-series filings for Fidalgo Yacht Club across 5 filing year(s). The latest filing year (2024) shows operating margin 17.2% and leverage 0.04×. Year-over-year revenue is → Not reported, and year-over-year expense is → Not reported. Values marked Not available reflect form-depth limits or absent lines in the filed record.

Multi-year Statement of Activities

Tax yearFormTotal revenueTotal expensesNet revenue
2020990$69,073$65,192$3,881
2021990$72,292$68,833$3,459
2022990$73,702$90,144-$16,442
2023990$0$0$0
2024990$105,282$87,177$18,105

Multi-year Statement of Financial Position

Tax yearFormTotal assets (EOY)Total liabilities (EOY)Net assets (EOY)
2020990$639,175$151,432$487,743
2021990$694,473$200,724$493,749
2022990$593,808$113,893$479,915
2023990$0$0$0
2024990$697,584$30,384$667,200

Fiscal-health Dashboard (Trend View)

Tax yearFormOperating marginMonths of cashCash basisOperating reserve ratioReserve basisLeverageProgram expense ratioRevenue concentration
2020990+5.6%5.9 monthsForm 990 cash + savings7.48×Unrestricted net assets0.24×98.4%Not reported
2021990+4.8%4.3 monthsForm 990 cash + savings7.17×Unrestricted net assets0.29×78.9%87.2%
2022990-22.3%3.5 monthsForm 990 cash + savings5.32×Unrestricted net assets0.19×69.6%80.5%
2023990Not reportedNot reportedNot availableNot reportedNot availableNot reportedNot reportedNot reported
2024990+17.2%12.4 monthsForm 990 cash + savings7.65×Unrestricted net assets0.04×58.8%68.4%

This section is trend-only. It does not score, rank, or grade an organization. Where a form does not require a line, the record is marked Not available.

Revenue Composition and Reliability

Tax yearTop line amountTop-line share of total revenue
2020Not reportedNot reported
2021$63,05287.2%
2022$59,33880.5%
2023Not reportedNot reported
2024$72,04068.4%

Computed for full Form 990 years from separable Part VIII component lines (excluding aggregate total lines). The top-line share is context, not a verdict.

Expense Composition (Program / Management / Fundraising)

Tax yearTotal expensesProgram servicesManagement and generalFundraisingProgram share
2020$65,192$64,157$1,035$098.4%
2021$68,833$54,279$9,505$078.9%
2022$90,144$62,711$27,433$069.6%
2023$0Not reportedNot reportedNot reportedNot reported
2024$87,177$51,294$35,883$058.8%

Compensation and Staffing Trend

Tax yearOfficer rowsW-2 employee count
2020130
2021120
2022120
202310
2024130

Counts reflect public sworn filing disclosures and are presented without ranking or judgment.

How to Read This Report

Use this report to read patterns across years, not to assign pass/fail labels. Filing forms differ in depth. A missing value usually means the form did not require that line, or the filing did not provide it. Compare each year to nearby years first, then review source filings for context.

Methodology, Glossary, and Availability

Formulas used: - Operating margin = (total revenue − total expenses) ÷ |total revenue| - Months of cash (990) = (cash non-interest + savings/temp investments) ÷ (total expenses/12) - Months of cash (990-EZ upper bound) = cash+savings+investments combined line ÷ (total expenses/12) - Operating reserve ratio (990) = net assets without donor restrictions ÷ total expenses - Operating reserve ratio (990-EZ proxy) = total net assets ÷ total expenses - Leverage = total liabilities ÷ total assets - Revenue concentration = max(separable Part VIII component line) ÷ total revenue - Program expense ratio = Part IX line 25 program-service amount ÷ total expenses Form 990-PF (private foundation) support is partial: FMV asset totals are included; revenue, expense, and operating-reserve metrics are not computed because 990-PF uses a different income/expense structure (Part I vs Part VIII/IX). Rows with return_type=990PF will show Not available for most ratios. This Financial Report is free and requires no login. Unavailable lines in this organization's filings:

Ready-to-use Briefs

Annual meeting one-pager: Fidalgo Yacht Club filed Form 990 — 2020–2024 (5 years). Latest year (2024): revenue $105,282 · expenses $87,177 · net $18,105. Board packet summary: Review trend tables for Fidalgo Yacht Club across 2020–2024 (5 years). Key ratios — operating margin, reserve months, leverage — appear in the Fiscal-health Dashboard section. Interpret each metric in the context of the full series, not as a single-year score. Planning trend section: Consult the Revenue YoY and Expense YoY columns for Fidalgo Yacht Club's rate of change, and the Leverage column for balance sheet trajectory over the filing period. Succession/onboarding brief: Fidalgo Yacht Club's public 990 record covers 2020–2024 (5 years). Source URLs are in the Data Lineage section. Form-depth notes and the Unavailable Lines list explain why certain metrics are absent — absences are form constraints, not reporting failures.

Source Filings

YearFormSource
2020990Open IRS XML
2021990Open IRS XML
2022990Open IRS XML
2023990Open IRS XML
2024990Open IRS XML

IRS machine-readable XML source for each filing year in this report. URLs link to the IRS machine-readable XML mirrored through the GivingTuesday 990 Data Infrastructure public data lake.