COURAGEOUS SAILING CENTER FOR YOUT… - 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

1987

Legal Domicile

Principal Officer

DAVID DILORENZO

Phone

6172423821

Tax Period

2023-01-01 to 2023-12-31

COURAGEOUS SAILING CENTER FOR YOUTH INC, founded in 1987, is a community nonprofit in the Unknown sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF COURAGEOUS SAILING IS TO TRANSFORM CHILDREN'S LIVES THROUGH SAILING PROGRAMS THAT INSPIRE LEARNING, PERSONAL GROWTH, AND LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,239,689 Revenue: $481,574

YOUTH SAILING; PROGRAMS ARE DESIGNED TO SUPPORT POSITIVE LIFE AND JOB SKILLS, AND PROVIDE OPPORTUNITIES NOT OTHERWISE AVAILABLE FOR UNDERSERVED, URBAN YOUTH. WITH BOSTON PUBLIC SCHOOLS AND OTHER...

YOUTH SAILING; PROGRAMS ARE DESIGNED TO SUPPORT POSITIVE LIFE AND JOB SKILLS, AND PROVIDE OPPORTUNITIES NOT OTHERWISE AVAILABLE FOR UNDERSERVED, URBAN YOUTH. WITH BOSTON PUBLIC SCHOOLS AND OTHER PARTNERS, COURAGEOUS SAILING CENTER FOR YOUTH BLENDS SAILING, SWIMMING AND ACADEMICS DESIGNED TO SUPPORT OUT-OF-SCHOOL-TIME LEARNING. PROGRAMS INCLUDE ENVIRONMENTAL/MARINE SCIENCE CURRICULUM AND INSTRUCTOR TRAINING/PROFESSIONAL DEVELOPMENT.

Program 2

Expenses: $830,820 Revenue: $248,032

PROVIDES ADULTS AND FAMILIES WITH AFFORDABLE, DAY SAILING, SAILING INSTRUCTION AND RACING ON BOSTON HARBOR. REVENUE FROM ADULT PROGRAMS SUPPORTS PROVIDES FINANCIAL SUPPORT FOR YOUTH PROGRAMS.

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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 $1,647,413

Program Service Revenue $729,606

Investment Income $1,238

Other Revenue $-125,541

TOTAL REVENUE $2,252,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,791,160

Fundraising Expenses $134,959

Program Expenses $2,070,509

Other Expenses $773,672

TOTAL EXPENSES $2,564,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,252,716	$2,393,673	-0.1%
Expenses	$2,564,832	$2,242,018	+0.1%
Net Income	$-312,116	$151,655	-3.1%

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

151

Volunteers

100

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

$150,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Dilorenzo	EXECUTIVE DIRECTOR	40.0	Officer	$133,090	$17,623	$150,713
Dave Alexander	CHAIR	2.0	Officer Director	$0	$0	$0
William Dunning	SECRETARY	2.0	Officer Director	$0	$0	$0
Ned Bicks	DIRECTOR	0.5	Director	$0	$0	$0
Kevin Cain	DIRECTOR	0.5	Director	$0	$0	$0
Glenn Cort	DIRECTOR	0.5	Director	$0	$0	$0
Stephen Coulter	DIRECTOR	0.5	Director	$0	$0	$0
Denise Doyle	DIRECTOR	0.5	Director	$0	$0	$0
Chris DuBois	DIRECTOR	0.5	Director	$0	$0	$0
Abby Goldenfarb	DIRECTOR	0.5	Director	$0	$0	$0
Bill Jacobson	DIRECTOR	0.5	Director	$0	$0	$0
Molly Ladd	DIRECTOR	0.5	Director	$0	$0	$0
Tom Martel	DIRECTOR	0.5	Director	$0	$0	$0
Senofer Mendoza	DIRECTOR	0.5	Director	$0	$0	$0
Zach Mitchell	DIRECTOR	0.5	Director	$0	$0	$0
Gregg Nourjian	DIRECTOR	0.5	Director	$0	$0	$0
Harry Ostrander	DIRECTOR	0.5	Director	$0	$0	$0
Melissa Partridge	DIRECTOR	0.5	Director	$0	$0	$0
Jabes Rojas	DIRECTOR	0.5	Director	$0	$0	$0
Michael Silvia	DIRECTOR	0.5	Director	$0	$0	$0
Ladd Thorne Sr	DIRECTOR	0.5	Director	$0	$0	$0
Richard Tubman	DIRECTOR	0.5	Director	$0	$0	$0
Carlos Durand	TREASURER	2.0	Officer 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	$2,252,716	$2,564,832	$1,252,637	$-312,116
2022	$2,393,673	$2,242,018	$1,583,439	$151,655
2021	$2,470,734	$1,766,374	$1,339,970	$704,360
2020	$1,054,030	$1,310,138	$1,200,793	$-256,108
2019	$1,788,588	$1,679,303	$1,000,256	$109,285
2018	$1,417,703	$1,570,825	$732,976	$-153,122

COURAGEOUS SAILING CENTER FOR YOUTH INC