SAIL TO PREVAIL

EIN: 050399703 501(c)(3) Health Care

NEWPORT, RI

Total Revenue
$621,503
Total Expenses
$516,678
Total Assets
$2,377,591
Net Assets
$2,344,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
RI
Principal Officer
PAUL CALLAHAN
Phone
4018498898
Tax Period
2023-01-01 to 2023-12-31

SAIL TO PREVAIL, founded in 1982, is a small nonprofit in the Health Care sector that reported $622K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $105K, a strong 17% operating margin.

Mission

OUR NATIONAL DISABLED SAILING PROGRAM TEACHES CHILDREN AND ADULTS WITH DISABILITIES TO OVERCOME ADVERSITY THROUGH THERAPEUTIC SAILING. PARTICIPANTS INCLUDE INDIVIDUALS WITH MOST ANY DISABILITY - SUCH AS AUTISM, PARALYSIS, AND INTELLECTUAL DISABILITIES - AND WHEN APPROPRIATE, FAMILY MEMBERS AND CAREGIVERS ARE ENCOURAGED TO PARTICIPATE. WOUNDED U.S. MILITARY PERSONNEL ALSO TAKE PART THROUGH DEDICATED PROGRAMS. THE PEDIATRIC CANCER PROGRAM INCLUDES THE CHILDREN'S RESIDENT DOCTORS AND PARENTS. OVERALL, MORE THAN 1000 PARTICIPANTS ANNUALLY LEARN SAILING SKILLS IN A FLEET OF SPECIALLY ADAPTED SAILBOATS. SAIL TO PREVAIL IS INCREASINGLY PROMOTING THERAPEUTIC SAILING BY SHARING THE PROGRAM'S MORE THAN TWO DECADES OF SUCCESSFUL CONCEPTS, METHODOLOGIES AND EXPERIENCES WITH OTHER ORGANIZATIONS AND INDIVIDUALS WHO MIGHT HAVE A LASTING, POSITIVE EFFECT. THE GOAL IS TO INFORM AND EDUCATE PEOPLE THAT THERAPEUTIC SAILING CAN HAVE A MEANINGFUL DIFFERENCE IN THE LIVES OF PEOPLE WITH DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $548,298
Program Service Revenue $21,720
Investment Income $51,485
Other Revenue $0
TOTAL REVENUE $621,503

Expense Breakdown

Grants Paid $10,290
Salaries & Benefits $212,205
Fundraising Expenses $47,813
Program Expenses $398,724
Other Expenses $294,183
TOTAL EXPENSES $516,678

Year-over-Year Comparison

2023 2022 Change
Revenue $621,503 $816,607 -0.2%
Expenses $516,678 $506,220 +0.0%
Net Income $104,825 $310,387 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
2
Volunteers
54

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
4
$129,505
Total Directors
9
$129,505
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL CALLAHAN EXECUTIVE DIRECTOR/SECRETA 40.00
Officer Director
$97,900 $31,605 $129,505
DAVID KERINS ESQ CHAIRMAN 2.00
Officer Director
$0 $0 $0
DEAN GESTAL VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHERYL MCCARTHY TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTOPHER CULVER DIRECTOR 1.00
Director
$0 $0 $0
GEORGE HINMAN DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA QUICK DIRECTOR 1.00
Director
$0 $0 $0
DAVID WADDILL DIRECTOR 1.00
Director
$0 $0 $0
WENDY LOTZ 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 $621,503 $516,678 $2,377,591 $104,825
2022 $816,607 $506,220 $2,267,384 $310,387
2021 $642,233 $513,749 $2,002,893 $128,484
2020 $597,515 $500,809 $1,853,532 $96,706
2019 $859,526 $637,942 $1,700,484 $221,584
2018 $607,328 $854,551 $1,470,586 $-247,223
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