SAIL AMERICA INC (EIN 050466395) - 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

1992

Legal Domicile

Principal Officer

ADAM COVE

Phone

4012892540

Tax Period

2024-07-01 to 2025-06-30

SAIL AMERICA INC, founded in 1992, is a micro nonprofit that reported $66K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $80K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROMOTE THE HEALTH AND GROWTH OF THE SAILING INDUSTRY THROUGHOUT THE UNITED STATES OF AMERICA.

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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 $35,100

Program Service Revenue $29,210

Investment Income $1,684

Other Revenue $0

TOTAL REVENUE $65,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $79,543

TOTAL EXPENSES $79,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,994	$82,171	-0.2%
Expenses	$79,543	$89,483	-0.1%
Net Income	$-13,549	$-7,312	+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

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
ADAM COVE	PRESIDENT	5.00	Officer Director	$0	$0	$0
TODD HESS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CINDY KALOW	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN KRIER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RANDALL CARNAHAN	TREASURER/SE	2.00	Officer Director	$0	$0	$0
KEVIN CARLAN	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
ANDREW CLOUSTON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DIX	DIRECTOR	1.00	Director	$0	$0	$0
TYLER FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE GUIADER	DIRECTOR	1.00	Director	$0	$0	$0
OAKLEY JONES	DIRECTOR	1.00	Director	$0	$0	$0
KELLY KAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN MANNING	DIRECTOR	1.00	Director	$0	$0	$0
RON MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH TOSO	DIRECTOR	1.00	Director	$0	$0	$0
BO WILLIAMS	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
2025	$65,994	$79,543	$63,806	$-13,549
2024	$82,171	$89,483	$82,081	$-7,312
2023	$94,258	$99,931	$80,616	$-5,673
2022	$69,529	$108,518	$91,262	$-38,989
2021	$89,325	$89,743	$142,418	$-418
2020	$266,966	$308,799	$176,474	$-41,833
2019	$589,894	$619,108	$242,155	$-29,214

SAIL AMERICA INC