NANTUCKET COMMUNITY SAILING INC (EIN 043252612) - 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

1994

Legal Domicile

Principal Officer

DIANA L BROWN

Phone

5082286600

Tax Period

2022-11-01 to 2023-10-31

NANTUCKET COMMUNITY SAILING INC, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Net assets of $4.7M represent 38 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,052,434

Program Service Revenue $578,945

Investment Income $39,801

Other Revenue $-215,539

TOTAL REVENUE $1,455,641

Expense Breakdown

Grants Paid $85,773

Salaries & Benefits $798,566

Fundraising Expenses $156,492

Program Expenses $1,101,336

Other Expenses $590,516

TOTAL EXPENSES $1,474,855

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,455,641	$1,702,390	-0.1%
Expenses	$1,474,855	$1,371,578	+0.1%
Net Income	$-19,214	$330,812	-1.1%

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

350

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

$156,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY REIN	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA MCGRATH	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WEST RIGGS	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT ULM	TREASURER	1.00	Officer Director	$0	$0	$0
PENELOPE DEY	TREASURER, THRU 10/26/23	1.00	Officer Director	$0	$0	$0
WENDY SYKES	CLERK	1.00	Officer Director	$0	$0	$0
CAROLYN GRANT ZARRELLA	CLERK, THRU 10/26/23	1.00	Officer Director	$0	$0	$0
SANDY ADZICK	DIRECTOR	1.00	Director	$0	$0	$0
TOM ANATHAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA DESAI	DIRECTOR, THRU 10/26/23	1.00	Director	$0	$0	$0
ROB DIEMAR	DIRECTOR	1.00	Director	$0	$0	$0
PAGE GOSNELL	DIRECTOR, THRU 10/26/23	1.00	Director	$0	$0	$0
CHRIS GOULD	DIRECTOR, THRU 10/26/23	1.00	Director	$0	$0	$0
DAN GROPPER	DIRECTOR, THRU 10/26/23	1.00	Director	$0	$0	$0
BILL LIDDLE	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCCOLLUM	DIRECTOR	1.00	Director	$0	$0	$0
MINOU PALANDJIAN	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR READE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SCHWEIZER	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE SLATTERY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JULIE STEINDLER	DIRECTOR	1.00	Director	$0	$0	$0
WINK VAN OGTROP	DIRECTOR, THRU 10/26/23	1.00	Director	$0	$0	$0
TOM WHIDDEN	DIRECTOR	1.00	Director	$0	$0	$0
NICK VITA	DIRECTOR	1.00	Director	$0	$0	$0
DIANA L BROWN	PRESIDENT & CEO	40.00	Officer	$131,250	$25,052	$156,302
PASCAL E ANTONIETTI	BOATS & EQUIPMENT MANAGER	40.00	Highest	$105,100	$2,142	$107,242

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
2023	$1,455,641	$1,474,855	$5,124,951	$-19,214
2022	$1,702,390	$1,371,578	$5,215,303	$330,812
2021	$1,669,482	$1,127,635	$5,269,190	$541,847
2020	$779,029	$905,967	$4,938,871	$-126,938
2019	$1,765,941	$1,300,158	$4,948,891	$465,783
2018	$2,216,663	$1,474,967	$4,620,699	$741,696

NANTUCKET COMMUNITY SAILING INC