GREENWICH BAY SAILING ASSOCIATION

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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

1960

Legal Domicile

Principal Officer

WILLIAM HERTEL

Phone

4018847700

Tax Period

2025-01-01 to 2025-12-31

GREENWICH BAY SAILING ASSOCIATION, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $208K in total revenue in fiscal year 2025. The organization ran a surplus of $36K, a strong 17% operating margin.

Mission

TO TEACH CHILDREN PROPER SAILING TECHNIQUES AND BOATING PRACTICES TO ENCOURAGE THEIR ENJOYMENT OF MARINE ACTIVITIES ON NARRAGANSETT BAY.

Program Service Accomplishments

Program 1

Expenses: $159,801 Revenue: $157,722

TO TEACH CHILDREN PROPER SAILING TECHNIQUES AND BOATING PRACTICES TO ENCOURAGE THEIR ENJOYMENT OF MARINE ACTIVITIES ON NARRAGANSETT BAY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $33,553

Program Service Revenue $164,518

Investment Income $2,070

Other Revenue $7,663

TOTAL REVENUE $207,804

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $89,393

Fundraising Expenses $0

Program Expenses $159,801

Other Expenses $77,708

TOTAL EXPENSES $171,601

Year-over-Year Comparison

	2025	2024	Change
Revenue	$207,804	$202,343	+0.0%
Expenses	$171,601	$191,810	-0.1%
Net Income	$36,203	$10,533	+2.4%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER CLEGG	DIRECTOR	5.00	Director	$0	$0	$0
BEN SPILLER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA NISBET	VICE PRESIDENT	1.00	Director	$0	$0	$0
NOELLE JOHNSTON REGISTRA	DIRECTOR	1.00	Director	$0	$0	$0
BETH WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
KATE AMMATUNA	PRESIDENT	1.00	Officer	$0	$0	$0
BECCA HALL	SECRETARY	2.00	Officer	$0	$0	$0
WILLIAM HERTEL	TREASURER	5.00	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	$207,804	$171,601	$376,001	$36,203
2024	$202,343	$191,810	$338,916	$10,533
2023	$187,204	$162,914	$329,293	$24,290
2022	$164,621	$163,020	$304,103	$1,601
2021	$169,614	$145,564	$302,492	$24,050
2020	$123,271	$132,831	$292,717	$-9,560
2019	$132,855	$149,000	$288,935	$-16,145
2018	$101,802	$150,511	$305,080	$-48,709
2017	$111,616	$152,447	$353,789	$-40,831