BOOTHBAY HARBOR ONE DESIGN ASSN (EIN 010543449) - 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

2015

Legal Domicile

Principal Officer

ALEX HERGER

Phone

2076333848

Tax Period

2017-10-01 to 2018-09-30

BOOTHBAY HARBOR ONE DESIGN ASSN, founded in 2015, is a micro nonprofit in the Recreation & Sports sector that reported $77K in total revenue in fiscal year 2017. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $424K exceeded revenue, resulting in a 453% operating deficit.

Mission

THE MISSION OF THE BOOTHBAY HARBOR ONE DESIGN ASSOCIATION, IS THREE FOLD: THE PERPETUATION OF THE CLASSIC FLEETS OF SAILBOATS FOUND IN THE BOOTHBAY REGION,PARTICULARLY THE BOOTHBAY HARBOR ONE DESIGN. TO FOSTER, SUPPORT AND OR PROVIDE SAILING AND SEAMANSHIP EDUCATION FOR YOUTHS WITHIN THE BOOTHBAY REGION EITHER DIRECTLY, OR IN CONJUNCTION WITH VARIOUS RELATED ORGANIZATIONS. TO RAISE FUNDS THROUGH INDIVIDUAL, CORPORATE AND FOUNDATION CONTRIBUTIONS IN ORDER TO PROVIDE SCHOLARSHIPS, FUNDING AND GRANTS NEEDED TO ESTABLISH, IMPROVE OR MAINTAIN PROGRAMS, PROJECTS, EQUIPMENT OR FACILITIES TO FOSTER YOUTH SAILING AND EDUCATION IN THE REGION.

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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 (2017)

Revenue Breakdown

Contributions & Grants $72,909

Program Service Revenue $2,420

Investment Income $334

Other Revenue $1,005

TOTAL REVENUE $76,668

Expense Breakdown

Grants Paid $412,783

Salaries & Benefits $0

Fundraising Expenses $2,340

Program Expenses $418,884

Other Expenses $11,390

TOTAL EXPENSES $424,173

Year-over-Year Comparison

	2017	2016	Change
Revenue	$76,668	$376,271	-0.8%
Expenses	$424,173	$6,186	+67.6%
Net Income	$-347,505	$370,085	-1.9%

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

N/A

Volunteers

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
ALEX HERGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDRA LEONARD	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
SANDI HAKANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD SNYDER	TREASURER	1.00	Officer Director	$0	$0	$0
NICK HURD	DIRECTOR	1.00	Director	$0	$0	$0
KEN MCCORMACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NUTT	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TEW	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
2018	$76,668	$424,173	$37,387	$-347,505

BOOTHBAY HARBOR ONE DESIGN ASSN