NORTHEAST HARBOR SAILING SCHOOL (EIN 010535123) - Form 990 Financial Analysis & Trantor Score

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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

1932

Legal Domicile

Principal Officer

DAVID SCHOEDER

Phone

2072765101

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST HARBOR SAILING SCHOOL, founded in 1932, is a community nonprofit in the Recreation & Sports sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 774% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 89% operating margin.

Mission

THE PURPOSE OF THE NORTHEAST HARBOR SAILING SCHOOL IS TO TEACH THE AMATEUR SPORT OF SAILING. THE SAILING INSTRUCTION TAKES PLACE ON THE OCEAN OFF NORTHEAST HARBOR, ME DURING THE SUMMER SAILING SEASON.

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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 $4,712,075

Program Service Revenue $151,720

Investment Income $29,663

Other Revenue $41,807

TOTAL REVENUE $4,935,265

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $162,000

Fundraising Expenses $189,295

Program Expenses $226,643

Other Expenses $371,996

TOTAL EXPENSES $537,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,935,265	$564,534	+7.7%
Expenses	$537,996	$322,260	+0.7%
Net Income	$4,397,269	$242,274	+17.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALINDA CRAIN	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN ST DENIS	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA EHRHART	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HENRY	DIRECTOR	1.00	Director	$0	$0	$0
PETER ILL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
TOM KENNEDY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAMIE SCHIFF	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID SCHOEDER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DESIREE SIROIS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN LUKENS SISSON	DIRECTOR	1.00	Director	$0	$0	$0
BILL SMITH	DIRECTOR	1.00	Director	$0	$0	$0

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	$4,935,265	$537,996	$5,665,237	$4,397,269
2022	$564,534	$322,260	$1,110,482	$242,274
2021	$474,287	$317,738	$954,691	$156,549
2020	$338,557	$315,162	$685,932	$23,395
2019	$282,955	$248,074	$622,957	$34,881
2018	$290,112	$220,581	$580,619	$69,531

NORTHEAST HARBOR SAILING SCHOOL