HARRY MCDONOUGH SAILING CENTER INC (EIN 043277830) - 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

1995

Legal Domicile

Principal Officer

OLIVIA COLLINS

Phone

6179083036

Tax Period

2023-01-01 to 2023-12-31

HARRY MCDONOUGH SAILING CENTER INC, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $219K in total revenue in fiscal year 2023. The organization ran a surplus of $54K, a strong 25% operating margin.

Mission

THE MCDONOUGH SAILING CLUB HAS PROVIDED SAILING LESSONS TO BOSTON AREA YOUTH WHO NORMALLY COULD NOT AFFORD TO TAKE LESSONS. IT HAS BECOME A PLACE FOR YOUTH WHO ARE NOT EMPLOYED TO LEARN AND SOCIALIZE. OVER 600 YOUTH PARTICIPATE IN THE PROGRAM.

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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 $218,631

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,495

Fundraising Expenses $0

Program Expenses $150,085

Other Expenses $45,699

TOTAL EXPENSES $164,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,631	$203,062	+0.1%
Expenses	$164,194	$150,574	+0.1%
Net Income	$54,437	$52,488	+0.0%

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

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
ROBERT RYAN	PRESIDENT	N/A	Director	$0	$0	$0
OLIVIA COLLINS	TREASURER	N/A	Director	$0	$0	$0
DENISE COHEN	CLERK	N/A	Director	$0	$0	$0
ROBERT PACITTI	DIRECTOR	N/A	Director	$0	$0	$0
CHERYL MCMAHON	DIRECTOR	N/A	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
2023	$218,631	$164,194	$120,575	$54,437
2022	$203,062	$150,574	$66,138	$52,488

HARRY MCDONOUGH SAILING CENTER INC