EDGEWOOD SAILING SCHOOL (EIN 050374361) - 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

1977

Legal Domicile

Principal Officer

J HOWARD

Phone

4017853317

Tax Period

2023-01-01 to 2023-12-31

EDGEWOOD SAILING SCHOOL, founded in 1977, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

SAFE SAILING INSTRUCTION PROVIDED BY EXPERIENCED INSTRUCTORS TO ADULT AND YOUTH PARTICIPANTS

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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 $64,643

Program Service Revenue $109,834

Investment Income $1

Other Revenue $1,638

TOTAL REVENUE $176,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,020

Fundraising Expenses $0

Program Expenses $178,985

Other Expenses $63,965

TOTAL EXPENSES $178,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,116	$128,991	+0.4%
Expenses	$178,985	$181,013	0.0%
Net Income	$-2,869	$-52,022	-0.9%

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

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
JAMES FRASER	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE SHUSTER JR	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN PIERCE	SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH KALES LEE	TREASURER	2.00	Officer Director	$0	$0	$0
BILL GRENGA	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
CHRISTY DUBUC-PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA FRASER	DIRECTOR	1.00	Director	$0	$0	$0
MARELENE KIRSHENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
C LEE	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE MILOS SPALDING	DIRECTOR	1.00	Director	$0	$0	$0
H CURTIS SPALDING	DIRECTOR	1.00	Director	$0	$0	$0
LINFORD FISHER	DIRECTOR	1.00	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	$176,116	$178,985	$168,019	$-2,869
2022	$128,991	$181,013	$181,611	$-52,022
2021	$207,461	$168,530	$244,037	$38,931

EDGEWOOD SAILING SCHOOL