REGATTA POINT COMMUNITY SAILING INC (EIN 042309329) - 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

1961

Legal Domicile

Principal Officer

FRANCIS REARDON

Phone

5087572140

Tax Period

2023-01-01 to 2023-12-31

REGATTA POINT COMMUNITY SAILING INC, founded in 1961, is a small nonprofit in the Recreation & Sports sector that reported $409K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $385K left a modest 6% surplus.

Mission

PROVIDE RECREATIONAL SAILING, ROWING AND PADDLING ACTIVITY AND TRAINING THROUGH PROGRAMS AND MEMBERSHIPS TO THE GENERAL PUBLIC AT A LOW COST

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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 $35,598

Program Service Revenue $360,798

Investment Income $5,734

Other Revenue $6,967

TOTAL REVENUE $409,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,008

Fundraising Expenses $0

Program Expenses $252,169

Other Expenses $188,428

TOTAL EXPENSES $385,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,097	$358,408	+0.1%
Expenses	$385,436	$361,647	+0.1%
Net Income	$23,661	$-3,239	-8.3%

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

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
FRANCIS REARDON	TREASURER	15.00	Officer Director	$0	$0	$0
ROBERT LEVADA JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT PARADISE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GREGORY ROOT	CLERK	5.00	Officer Director	$0	$0	$0
MICHAL AGHAJANIAN	DIRECTOR	15.00	Director	$0	$0	$0
ELENA MALTESE	DIRECTOR	5.00	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	$409,097	$385,436	$250,875	$23,661
2022	$358,408	$361,647	$224,807	$-3,239
2021	$326,742	$247,313	$230,219	$79,429
2020	$142,217	$180,209	$149,550	$-37,992
2019	$342,047	$342,454	$40,216	$-407
2018	$235,696	$261,758	$36,780	$-26,062

REGATTA POINT COMMUNITY SAILING INC