SAIL MAINE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MICHAEL MCALLISTER

Phone

2076323550

Tax Period

2023-01-01 to 2023-12-31

SAIL MAINE, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $908K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE AFFORDABLE ACCESS TO THE WATER THROUGH COMMUNITY SAILING AND EDUCATIONAL PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $478,385 Revenue: $622,212

SAIL MAINE FOSTERS PERSONAL GROWTH & DEVELOPMENT AND SIGNIFICANTLY IMPROVES QUALITY OF LIFE FOR OVER 1000 PARTICIPANTS PER YEAR THROUGH SAIL TRAINING, EDUCATION, AND RACING PROGRAMS, WHILE PROVIDING WATERFRONT ACCESS FOR THE LOCAL COMMUNITY AND STRENGTHENING MAINE'S CONNECTION TO THE SEA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $284,611

Program Service Revenue $586,269

Investment Income $19,801

Other Revenue $17,190

TOTAL REVENUE $907,871

Expense Breakdown

Grants Paid $34,739

Salaries & Benefits $576,576

Fundraising Expenses $91,669

Program Expenses $478,385

Other Expenses $532,210

TOTAL EXPENSES $1,143,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$907,871	$1,086,148	-0.2%
Expenses	$1,143,525	$1,143,081	+0.0%
Net Income	$-235,654	$-56,933	+3.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$101,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADY JIM	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE DUNCAN	DIRECTOR	0.50	Director	$0	$0	$0
CARVILLE EMILY	DIRECTOR	0.50	Director	$0	$0	$0
GALE JAMIE	DIRECTOR	0.50	Director	$0	$0	$0
HAAG BART	DIRECTOR	0.50	Director	$0	$0	$0
HAGGE CYRUS	DIRECTOR	0.50	Director	$0	$0	$0
MORRISSETTE MARK	DIRECTOR	0.50	Director	$0	$0	$0
MORSE FAITH	DIRECTOR	0.50	Director	$0	$0	$0
POOR MATTHEW	DIRECTOR	0.50	Director	$0	$0	$0
SMITH MICHELE	DIRECTOR	0.50	Director	$0	$0	$0
WINKELMANN KURT	DIRECTOR	0.50	Director	$0	$0	$0
FENDERSON MEG	TREASURER	0.50	Officer Director	$0	$0	$0
MOORE CHRIS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
PALMER LEIGH	SECRETARY	0.50	Officer Director	$0	$0	$0
ROBINSON CHRISTOPHER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MCALLISTER MICHAEL	EXECUTIVE DIRECTOR	40.00	Officer	$101,000	$0	$101,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$907,871	$1,143,525	$1,251,082	$-235,654
2022	$1,086,148	$1,143,081	$1,483,972	$-56,933
2021	$1,322,538	$1,072,090	$1,540,885	$250,448
2020	$1,353,371	$804,270	$1,370,045	$549,101
2019	$739,299	$710,768	$741,325	$28,531
2018	$839,313	$655,972	$712,797	$183,341