SAIL BOSTON INC

EIN: 043403232 501(c)(3) Recreation & Sports

BOSTON, MA

Total Revenue
$2,253,313
Total Expenses
$2,367,488
Total Assets
$125,459
Net Assets
$-15,110
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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
1997
Legal Domicile
MA
Principal Officer
MICHAEL E MOONEY
Phone
6174397700
Tax Period
2017-01-01 to 2017-12-31

SAIL BOSTON INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2017. Revenue surged 720% from the prior year, signaling strong growth momentum.

Mission

ORGANIZE/CONDUCT EVENTS IN CELEBRATION OF THE TALL SHIPS VISIT FROM AROUND THE WORLD TO BOSTON.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $2,228,313
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,253,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,367,488
Other Expenses $2,367,488
TOTAL EXPENSES $2,367,488

Year-over-Year Comparison

2017 2016 Change
Revenue $2,253,313 $274,840 +7.2%
Expenses $2,367,488 $175,111 +12.5%
Net Income $-114,175 $99,729 -2.1%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL E MOONEY PRESIDENT & DIRECTOR 0.00
Officer Director
$0 $0 $0
GEORGE SCHWARTZ TREASURER & DIRECTOR 0.00
Officer Director
$0 $0 $0
CHERYL CRONIN CLERK & DIRECTOR 0.00
Officer Director
$0 $0 $0
PATRICK B MOSCARITOLO DIRECTOR 0.00
Director
$0 $0 $0
JAMES M CARMODY DIRECTOR 0.00
Director
$0 $0 $0
ALISON NOLAN DIRECTOR 0.00
Director
$0 $0 $0
THOMAS A KERSHAW DIRECTOR 0.00
Director
$0 $0 $0
FREDERICK W CLARK JR DIRECTOR 0.00
Director
$0 $0 $0
SCOTT M FERSON DIRECTOR 0.00
Director
$0 $0 $0
PATRICIA A FOLEY DIRECTOR 0.00
Director
$0 $0 $0
STEVEN JOHNSTON DIRECTOR 0.00
Director
$0 $0 $0
PAUL D FOSTER DIRECTOR 0.00
Director
$0 $0 $0
PAUL SACCO DIRECTOR 0.00
Director
$0 $0 $0
PETER J BASSETT DIRECTOR 0.00
Director
$0 $0 $0
DAVID COLELLA DIRECTOR 0.00
Director
$0 $0 $0
DENISE KAIGLER DIRECTOR 0.00
Director
$0 $0 $0
STEPHEN KARALEKAS DIRECTOR 0.00
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
2017 $2,253,313 $2,367,488 $125,459 $-114,175
2016 $274,840 $175,111 $458,176 $99,729
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