Carolina Yacht Club

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

17 people listed

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Social club organized for pleasure, recreation and other non-profitable purposes of members.

Clubhouse & boathouse restaurant operation-all members and their guests can benefit

Revenue model: Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail

Operating margin: 8.9%; rating input score 55; 55th percentile among comparable filings
Total-asset coverage ratio: 2.32; rating input score 57; 57th percentile among comparable filings
Liabilities to assets ratio: 0.07; rating input score 72; 72nd percentile among comparable filings
Officer compensation ratio: 2.7%; rating input score 75; 75th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 16 of 16 board members independent · 4 of 8 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $277K · 17 people listed · 4 of 6 pay-setting controls reported
Consistency: 10 of 10 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.