East Norwalk Boating & Yacht Club

Nonprofit profile at a glance

EIN
060963932
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Norwalk, CT, USA
Rating
43
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$51,815
Expenses
$9,594
Assets
$465,540

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

Leadership & pay

5 people listed

People named in this filing

  • Diane Granata (Commodore)
  • Frank Generoso (Vice Commodore)
  • Gabe DiNoto (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

We are a 100% Private Boating & Yacht Club Social Club only used by its members. Income comes from fees paid by members of the organization. Other than fees paid by its members we have no other income for financial gain.

What it reported doing in 2025

We give College Scholarships; Applicants can download forms from our website. Each application is reviewed and randomly with the committee not knowing who the applicant might be. Selection Selections are made and a 500 scholarship is given to the winning Applicant Applicants

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 6
  • Transparency & Controls: 82
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.8%; rating input score 4
  • Program expense ratio: 10.4%; rating input score 10

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 81.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 48.52; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 3.8% of revenue deployed · 10.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 10/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.