St Petersburg Yacht Club Inc
Nonprofit profile at a glance
- EIN
- 590433240
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- St Petersburg, FL, USA
- Phone
- 7278223873
- Rating confidence
- Limited
Reported finances
- Revenue
- $12,200,613
- Expenses
- $9,140,811
- Assets
- $28,715,620
- Liabilities
- $7,818,652
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Highest reported compensation
- COLLEEN RILEY-FINNEY (CFO-DIRECTOR OF FINANCE): $237,078 total reported compensation
- CHRISTIAN MAYRHOFER (EXECUTIVE CHEF): $137,577 total reported compensation
- COREY HALL (MEMBERSHIP DIRECTOR): $131,813 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide preeminent yachting and social experiences for members, their families and guests, and honor the club's rich yachting heritage in a welcoming environment. (continued on schedule o)the club encourages yachting, assists members in becoming proficient in the science of navigation and in the designing, building, and sailing of yachts, furnishes amusement and entertainment, and supplies food and beverages to its members and guests. The club offers 88 different types of boats, including 20 iod prams, 4 sonars, 18 vanguard 420s, 14 vanguard prams, 9 ideal 18s, 3 brunswick whalers, 4 boston whalers, 1 mckee craft, 1 coast pilot, 1 frers 30 sailboat, 2 dinghies, 1 windmill, and 10 j/70 sailboats. The club also offers 6 paddleboards and 4 kayaks.
What it reported doing in 2024
The club hosted 25 regattas during the year ended september 30, 2025, ranging in size from less than 10 to more than 300 boats, and from less than 20 to more than 800 participants. The "typical" regatta will run 3-6 races over the period of several days. During this time, the participants will be treated to numerous food and beverage functions at the club, including an awards banquet to close the regatta.
Operating model
- Revenue model
- Other-operating. 98% 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- 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
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 25.1%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.14; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $237K · 24 people listed · 3 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Officer compensation ratio scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.