LAKE CHAMPLAIN COMMUNITY SAILING C… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

OWEN MILNE

Phone

8028642499

Tax Period

2024-01-01 to 2024-12-31

LAKE CHAMPLAIN COMMUNITY SAILING CENTER INC, founded in 1994, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $772K, a strong 31% operating margin.

Mission

THE LAKE CHAMPLAIN COMMUNITY SAILING CENTER (CSC) ENCOURAGES AND CELEBRATES THE RESPONSIBLE USE AND LONG-TERM STEWARDSHIP OF LAKE CHAMPLAIN BY FOSTERING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR ALL MEMBERS OF OUR COMMUNITY. THE CSC IS COMMITTED TO ELIMINATING BARRIERS THAT PREVENT ACCESS TO LAKE CHAMPLAIN, OFFERS EXPERIENTIAL EDUCATION FOR WHICH COURAGE AND LEADERSHIP SKILLS CAN BE DEVELOPED AND PROVIDES AN INCLUSIVE ENVIRONMENT FOR ALL PEOPLE TO LEARN SAILING AND PADDLING.

Program Service Accomplishments

Program 1

Expenses: $380,281 Revenue: $300,488

YOUTH CAMPS - CSC OFFERS SUMMER CAMPS FOR YOUTH AGES 6-17, TEACHING SAILING SKILLS, BOATING SAFETY, AND LAKE STEWARDSHIP. CAMPS ARE ACCESSIBLE TO ALL, WITH SCHOLARSHIP SUPPORT, AND INCLUDE BOTH...

YOUTH CAMPS - CSC OFFERS SUMMER CAMPS FOR YOUTH AGES 6-17, TEACHING SAILING SKILLS, BOATING SAFETY, AND LAKE STEWARDSHIP. CAMPS ARE ACCESSIBLE TO ALL, WITH SCHOLARSHIP SUPPORT, AND INCLUDE BOTH SAILING-ONLY AND MULTI-ACTIVITY OPTIONS.

Program 2

Expenses: $186,761 Revenue: $146,786

LAKE ACCESS - CSC OFFERS A VARIETY OF ACTIVITIES BEYOND SAILING, INCLUDING CANOE, KAYAK, AND PADDLEBOARD RENTALS, AS WELL AS YOGA SESSIONS ON THE DOCK. THESE PROGRAMS PROVIDE ADDITIONAL OPPORTUNITIES...

Program 3

Expenses: $266,896 Revenue: $127,635

SIGNATURE PROGRAMS - CSC OFFERS PROGRAMS THAT PROMOTE LEADERSHIP, INCLUSIVITY, AND EDUCATION THROUGH SAILING, INCLUDING OPPORTUNITIES FOR AT-RISK YOUTH, VERMONT GIRLS, AND INDIVIDUALS WITH...

SIGNATURE PROGRAMS - CSC OFFERS PROGRAMS THAT PROMOTE LEADERSHIP, INCLUSIVITY, AND EDUCATION THROUGH SAILING, INCLUDING OPPORTUNITIES FOR AT-RISK YOUTH, VERMONT GIRLS, AND INDIVIDUALS WITH DISABILITIES. ADDITIONALLY, THE FLOATING CLASSROOM ENGAGES STUDENTS IN HANDS-ON, SCIENCE-BASED LEARNING, ENHANCING THEIR UNDERSTANDING OF THE ENVIRONMENT THROUGH DIRECT EXPERIENCES ON LAKE CHAMPLAIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,789,954

Program Service Revenue $715,496

Investment Income $-34,027

Other Revenue $6,847

TOTAL REVENUE $2,478,270

Expense Breakdown

Grants Paid $163,228

Salaries & Benefits $818,357

Fundraising Expenses $269,948

Program Expenses $1,221,343

Other Expenses $724,523

TOTAL EXPENSES $1,706,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,478,270	$2,713,230	-0.1%
Expenses	$1,706,108	$1,536,380	+0.1%
Net Income	$772,162	$1,176,850	-0.3%

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

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

$109,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN MILNE	EXECUTIVE DI	40.00	Officer	$101,857	$7,200	$109,057
ANASTASIA SURMAVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG MORSE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROXANNE TENA-NELSON	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
DONNA LONDON	TREASURER	2.00	Officer Director	$0	$0	$0
GILLIAN NANTON	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG MERRILL	DIRECTOR	2.00	Director	$0	$0	$0
LOU SLANINA	DIRECTOR	2.00	Director	$0	$0	$0
KATIE WIGHT	DIRECTOR	2.00	Director	$0	$0	$0
GARY RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
SIGNE DALY	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA LORD	DIRECTOR	2.00	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	$2,478,270	$1,706,108	$8,286,556	$772,162
2023	$2,713,230	$1,536,380	$7,671,942	$1,176,850
2022	$2,441,435	$1,338,148	$6,111,979	$1,103,287
2021	$1,872,181	$1,208,479	$5,759,898	$663,702
2020	$1,226,204	$1,060,304	$5,467,368	$165,900
2019	$1,272,488	$1,274,862	$5,335,559	$-2,374
2018	$780,498	$1,202,484	$5,341,199	$-421,986

LAKE CHAMPLAIN COMMUNITY SAILING CENTER INC