Piers Park Sailing Center Inc (EIN 043411388) - 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

1998

Legal Domicile

Phone

6175616677

Tax Period

2024-11-01 to 2025-10-31

Piers Park Sailing Center Inc, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 13% surplus.

Mission

INCLUSIVE EMPOWERMENT THROUGH MARINE SCIENCE AND COMMUNITY SAILING

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,022,632

Program Service Revenue $449,674

Investment Income $46,673

Other Revenue $0

TOTAL REVENUE $2,518,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,358,627

Fundraising Expenses $52,032

Program Expenses $1,987,924

Other Expenses $841,108

TOTAL EXPENSES $2,199,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,518,979	$1,565,258	+0.6%
Expenses	$2,199,735	$1,411,681	+0.6%
Net Income	$319,244	$153,577	+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

154

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

$146,447

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex DeFronzo	Executive Director	40.00	Key Emp	$124,800	$21,647	$146,447
Mary Cole	Director	0.50	Director	$0	$0	$0
Rachel Higgins	Director	0.50	Director	$0	$0	$0
Latifa Ali	Director	0.50	Director	$0	$0	$0
Deborah Barry	Director	0.50	Director	$0	$0	$0
Alyssa Beatty	Director	0.50	Director	$0	$0	$0
Robin Babcock	Director	0.50	Director	$0	$0	$0
Ashuraj Sirohi	Director	0.50	Director	$0	$0	$0
Ricardo Patron	Director	0.50	Director	$0	$0	$0
Austin Carr	Director	0.50	Director	$0	$0	$0
Steve Kirk	Board Chair	1.00	Officer	$0	$0	$0
Melissa Strout	Clerk	1.00	Officer	$0	$0	$0
Elisabeth Christino Stoll	Vice Chair	1.00	Officer	$0	$0	$0
Will Lerrick	Treasurer	1.00	Officer	$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
2025	$2,518,979	$2,199,735	$1,939,297	$319,244
2024	$1,565,258	$1,411,681	$1,618,759	$153,577
2023	$1,733,739	$1,178,842	$1,470,455	$554,897
2022	$1,064,918	$877,997	$910,975	$186,921
2021	$1,099,316	$812,276	$722,203	$287,040
2020	$519,957	$505,114	$514,351	$14,843
2019	$636,602	$500,077	$444,521	$136,525
2018	$517,318	$407,080	$332,920	$110,238

Piers Park Sailing Center Inc