COMMUNITY BOATING INC

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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

1946

Legal Domicile

Principal Officer

KATE FERRIS RICHARDSON

Phone

6175231038

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY BOATING INC, founded in 1946, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION OF CBI IS TO ENABLE "SAILING FOR ALL." WE OFFER SAILING AND OTHER WATER SPORTS TO PEOPLE OF ALL AGES, ABILITIES, AND MEANS IN THE GREATER BOSTON AREA. WE PROMOTE AN ACCESSIBLE AND WELCOMING ENVIRONMENT THAT ENCOURAGES LEARNING, VOLUNTEERISM, AND COMMUNITY SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $1,175,231 Revenue: $953,436

THE ADULT AND HIGH SCHOOL PROGRAMS SERVE APPROXIMATELY 4000 INDIVIDUALS EACH YEAR BY PROVIDING CLASSES AND LESSONS THAT TEACH NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, WINDSURFING...

THE ADULT AND HIGH SCHOOL PROGRAMS SERVE APPROXIMATELY 4000 INDIVIDUALS EACH YEAR BY PROVIDING CLASSES AND LESSONS THAT TEACH NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, WINDSURFING, SEAMANSHIP, AND NAVIGATION. MEMBERS HAVE ACCESS TO OUR FLEET OF 180+ VESSELS ON THE CHARLES RIVER LOWER BASIN AND ARE ENCOURAGED TO PARTICIPATE IN ORGANIZED RACING, BOTH INFORMAL AND FORMAL. THE ADULT PROGRAM OPERATES SEVEN DAYS PER WEEK.

Program 2

Expenses: $596,062 Revenue: $483,571

THE JUNIOR PROGRAM SERVES OVER 1200 CHILDREN BY PROVIDING CLASSES, LESSONS, AND INSTRUCTION IN THE NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, AND WINDSURING. JUNIOR PROGRAM SAILORS MAY TAKE CLASSES, PARTICIPATE IN RACING, AND HAVE ACCESS TO OUR FLEET OF 180+ VESSELS DURING JUNIOR PROGRAM OPERATING HOURS.

Program 3

Expenses: $244,963 Revenue: $198,732

THE UNIVERSAL ACCESS PROGRAM (UAP) SERVE OVER 250 INDIVIDUALS WITH DISABILITIES, BOTH PHYSICAL AND COGNITIVE, BY TEACHING THE NAUTICAL ARTS AND SCIENCES OF SAILING, PADDLING, AND WINDSURFING. UAP...

THE UNIVERSAL ACCESS PROGRAM (UAP) SERVE OVER 250 INDIVIDUALS WITH DISABILITIES, BOTH PHYSICAL AND COGNITIVE, BY TEACHING THE NAUTICAL ARTS AND SCIENCES OF SAILING, PADDLING, AND WINDSURFING. UAP SAILORS MAY MAKE APPOINTMENTS FOR A SCHEDULED LESSON OR RECREATIONAL SAILS WITH A QUALIFIED INSTRUCTOR.

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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 $212,709

Program Service Revenue $1,730,798

Investment Income $42,285

Other Revenue $12,160

TOTAL REVENUE $1,997,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,750,314

Fundraising Expenses $97,200

Program Expenses $2,133,428

Other Expenses $919,213

TOTAL EXPENSES $2,669,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,997,952	$3,033,000	-0.3%
Expenses	$2,669,527	$2,805,351	0.0%
Net Income	$-671,575	$227,649	-4.0%

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

120

Volunteers

120

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

$172,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SCHEPP TERM ENDED 102024	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICHOLAS MILLER	PRESIDENT	5.00	Officer Director	$0	$0	$0
KARYN BRUDNICKI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHERINE ROCKETT	SECRETARY	3.50	Officer Director	$0	$0	$0
DEBRA BOUDREAU	TREASURER	3.00	Officer Director	$0	$0	$0
BRIAN MCMANUS TERM ENDED 102024	DIRECTOR	1.00	Director	$0	$0	$0
DUANE FARRAR	DIRECTOR	3.00	Director	$0	$0	$0
COLE CONSTANTINEAU	DIRECTOR	2.00	Director	$0	$0	$0
ADAM BICKELMAN	DIRECTOR	3.50	Director	$0	$0	$0
ABDIEL RAMIREZ	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES MARTS	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHARLIE ZECHEL	EXECUTIVE DIRECTOR	40.00	Officer	$152,254	$20,034	$172,288

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	$1,997,952	$2,669,527	$6,862,198	$-671,575
2023	$3,033,000	$2,805,351	$7,130,791	$227,649
2022	$3,230,896	$2,171,753	$6,151,174	$1,059,143
2021	$2,833,055	$1,759,152	$5,688,954	$1,073,903
2020	$925,385	$1,224,115	$4,300,231	$-298,730
2019	$2,832,355	$1,802,491	$3,917,430	$1,029,864
2018	$1,671,864	$1,661,612	$2,457,779	$10,252