GREENWICH BAY SAILING ASSOCIATION (EIN 050446740) - 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

1960

Legal Domicile

Principal Officer

WILLIAM HERTEL

Phone

4018847700

Tax Period

2024-01-01 to 2024-12-31

GREENWICH BAY SAILING ASSOCIATION, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $202K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $192K left a modest 5% surplus.

Mission

TEACH CHILDREN SAFE BOATING PRACTICES TEST AND APPLY SAILING TECHNIQUES TAUGHT

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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 $40,750

Program Service Revenue $156,176

Investment Income $1,399

Other Revenue $4,018

TOTAL REVENUE $202,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,331

Fundraising Expenses $925

Program Expenses $152,484

Other Expenses $93,554

TOTAL EXPENSES $191,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,343	$187,204	+0.1%
Expenses	$191,810	$162,914	+0.2%
Net Income	$10,533	$24,290	-0.6%

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

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
KATE AMMATUNA	OFFICER	1.00	Director	$0	$0	$0
ALEXANDER CLEGG	OFFICER	5.00	Director	$0	$0	$0
BEN SPILLER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA NISBET	DIRECTOR	1.00	Director	$0	$0	$0
NOELLE JOHNSTON REGISTRA	DIRECTOR	1.00	Director	$0	$0	$0
JEB BARNES	DIRECTOR	1.00	Director	$0	$0	$0
BECCA HALL	OFFICER	2.00	Officer	$0	$0	$0
WILLIAM HERTEL	OFFICER	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
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

GREENWICH BAY SAILING ASSOCIATION