NANTUCKET INTERNATIONAL ONE DESIGN FLEET ASSOCIATION INC (EIN 043525049) - 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

2000

Legal Domicile

Principal Officer

PETER ERNST

Phone

2159483245

Tax Period

2023-01-01 to 2023-12-31

NANTUCKET INTERNATIONAL ONE DESIGN FLEET ASSOCIATION INC, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $137K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO MAINTAIN A FLEET OF IDENTICAL SAILBOATS FOR THE PROMOTION OF RACING IN THE NANTUCKET COMMUNITY AND FOR PROMOTING INTERACTION WITH OTHER FLEETS. IN AN EFFORT TO KEEP ALL BOATS AS EQUAL AS POSSIBLE, THEY SHALL BE MAINTAINED AND TUNED IN A LIKE MANNER, THUS FOCUSING THE COMPETITION ON THE SKILLS OF HELMSPERSON AND CREW.

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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 $0

Program Service Revenue $137,173

Investment Income $0

Other Revenue $0

TOTAL REVENUE $137,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $174,710

TOTAL EXPENSES $174,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,173	$207,350	-0.3%
Expenses	$174,710	$164,179	+0.1%
Net Income	$-37,537	$43,171	-1.9%

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

N/A

Volunteers

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
PIERRE CROSBY	PRESIDENT AND FLEET CAPTAI	10.00	Officer Director	$0	$0	$0
PETER ERNST	TREASURER	4.00	Officer Director	$0	$0	$0
MATT FREMONT-SMITH	CHIEF DEVELOPMENT OFFICER	4.00	Officer Director	$0	$0	$0
PETER MCCAUSLAND	SECRETARY	2.00	Officer Director	$0	$0	$0
ROY WEEDON	BOARD MEMBER	0.00	Director	$0	$0	$0
GEOFFREY VERNEY	BOARD MEMBER	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
2023	$137,173	$174,710	$83,555	$-37,537
2022	$207,350	$164,179	$140,135	$43,171
2021	$82,500	$178,534	$108,921	$-96,034
2020	$141,524	$125,353	$174,497	$16,171
2019	$178,380	$254,604	$183,268	$-76,224
2018	$220,834	$263,396	$261,736	$-42,562

NANTUCKET INTERNATIONAL ONE DESIGN FLEET ASSOCIATION INC