Cohasset Sailing Club Inc (EIN 042270223) - 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

1960

Legal Domicile

Phone

7813831513

Tax Period

2023-10-01 to 2024-09-30

Cohasset Sailing Club Inc, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $218K in total revenue in fiscal year 2023. Expenses of $277K exceeded revenue, resulting in a 27% operating deficit.

Mission

Sailing instructions for members.

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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 $71,250

Program Service Revenue $142,905

Investment Income $3,006

Other Revenue $1,015

TOTAL REVENUE $218,176

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $133,538

Fundraising Expenses $0

Program Expenses $269,522

Other Expenses $142,007

TOTAL EXPENSES $276,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,176	$227,080	0.0%
Expenses	$276,545	$288,936	0.0%
Net Income	$-58,369	$-61,856	-0.1%

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

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
Thomas Shipp	Treasurer	3.00	Officer Director	$0	$0	$0
Sandy Crough	Clerk	1.00	Director	$0	$0	$0
Vicky Grimes	Clerk	3.00	Officer Director	$0	$0	$0
Diane Shipp	Director	1.00	Director	$0	$0	$0
Timothy O'Brien	Director	1.00	Director	$0	$0	$0
Scott Collins	Director	1.00	Director	$0	$0	$0
Mike Cunning	Commodore	3.00	Officer Director	$0	$0	$0
Robert Cunningham	Director	1.00	Director	$0	$0	$0
Brian Kimla	Director	1.00	Director	$0	$0	$0
Kathy Iantosca	Director	1.00	Director	$0	$0	$0
Charles Peterson	Director	1.00	Director	$0	$0	$0
Kevin O'Connor	Director	1.00	Director	$0	$0	$0
Angela Abate	Director	1.00	Director	$0	$0	$0
Deb Johnson	Vice Commodore	3.00	Officer Director	$0	$0	$0
Anne Rowland	Vice Commodore	1.00	Director	$0	$0	$0
Elizabeth Murray	Director	1.00	Director	$0	$0	$0
Joe Dionisio	Director	1.00	Director	$0	$0	$0
Stephen Sheffield	Director	1.00	Director	$0	$0	$0
Dave Cingari	Director	1.00	Director	$0	$0	$0
Todd Bestick	Director	1.00	Director	$0	$0	$0
Sean Casey	Commodore	1.00	Director	$0	$0	$0
Jeff Donze	Director	1.00	Director	$0	$0	$0
Dan Rivera	Director	1.00	Director	$0	$0	$0
Sean Kinnealy	Director	1.00	Director	$0	$0	$0
Joyce Driscoll	Director	1.00	Director	$0	$0	$0
Derek Grudinskas	Director	1.00	Director	$0	$0	$0
Sarah Porter	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
2025	No data	No data	No data	No data
2024	$218,176	$276,545	$601,781	$-58,369
2023	$227,080	$288,936	$660,150	$-61,856
2022	$248,847	$253,005	$722,006	$-4,158
2021	$243,199	$226,248	$726,715	$16,951
2020	$208,828	$191,578	$710,323	$17,250
2019	$210,630	$197,477	$691,963	$13,153
2018	$214,738	$179,021	$678,810	$35,717

Cohasset Sailing Club Inc