CONANICUT ISLAND SAILING FOUNDATION

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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

2000

Legal Domicile

Principal Officer

MEG MYLES

Phone

4018556643

Tax Period

2024-01-01 to 2024-12-31

CONANICUT ISLAND SAILING FOUNDATION, founded in 2000, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 322% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 73% operating margin.

Mission

CISF'S MISSION IS TO INSPIRE AND ENGAGE PEOPLE OF ALL AGES ABILITIES, AND BACKGROUNDS WITH THE COASTAL ENVIRONMENT THROUGH BOATING AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $284,376

SEA ADVENTURE CAMP: CISF HOSTS EIGHT WEEK-LONG CAMPS FOR YOUTH AGES 4-16. SEA ADVENTURE CAMP GETS CHILDREN ON THE WATER LEARNING HOW TO SAIL AS WELL AS LEARNING ABOUT THE MARINE ENVIRONMENT, THUS...

SEA ADVENTURE CAMP: CISF HOSTS EIGHT WEEK-LONG CAMPS FOR YOUTH AGES 4-16. SEA ADVENTURE CAMP GETS CHILDREN ON THE WATER LEARNING HOW TO SAIL AS WELL AS LEARNING ABOUT THE MARINE ENVIRONMENT, THUS BUILDING FUTURE GENERATIONS OF ENVIRONMENTAL AND OCEAN STEWARDS. EACH WEEK-LONG CAMP FOCUSES ON INTRODUCING CAMPERS TO FOUNDATIONAL CONCEPTS SURROUNDING COASTAL EDUCATION AND SAILING. DAYS ARE MIXED TO BLEND SAILING EXPERIENCE AND EXPLORATION OF THE MARINE ENVIRONMENT. THE SCHEDULE AND CURRICULUM FOR EACH WEEK VARIES SLIGHTLY DUE TO WEATHER CONDITIONS AND THE INTERESTS OF EACH GROUP, THOUGH CHILDREN ARE ALWAYS LEARNING THROUGH FUN, HANDS-ON ACTIVITIES.

Program 2

Expenses: $142,188

OUTREACH PROGRAMS: CISF PROVIDES COASTAL ACCESS AND EDUCATIONAL OPPORTUNITIES FOR POPULATIONS WHO ARE TYPICALLY UNDERSERVED AND UNDER- REPRESENTED. WE DO THIS THROUGH PARTNERSHIPS WITH OTHER...

OUTREACH PROGRAMS: CISF PROVIDES COASTAL ACCESS AND EDUCATIONAL OPPORTUNITIES FOR POPULATIONS WHO ARE TYPICALLY UNDERSERVED AND UNDER- REPRESENTED. WE DO THIS THROUGH PARTNERSHIPS WITH OTHER ORGANIZATIONS. WE OFFER FIELD TRIP TYPE PROGRAMS ALONG WITH WEEKLY PROGRAMS, INCLUDING OUR MARINE TRADES CAREER EXPLORATION PROGRAM FOR HIGH SCHOOL STUDENTS.

Program 3

Expenses: $142,187

SCHOOL YEAR PROGRAMS THAT INCLUDE AFTER-SCHOOL AND HOME-SCHOOL PROGRAMS, SCHOOL FIELD TRIPS, AND VACATION DAY PROGRAMS. AFTER-SCHOOL PROGRAMS ARE FOR GRADES K-8; HOMESCHOOL FOR AGES 5 THROUGH HIGH...

SCHOOL YEAR PROGRAMS THAT INCLUDE AFTER-SCHOOL AND HOME-SCHOOL PROGRAMS, SCHOOL FIELD TRIPS, AND VACATION DAY PROGRAMS. AFTER-SCHOOL PROGRAMS ARE FOR GRADES K-8; HOMESCHOOL FOR AGES 5 THROUGH HIGH SCHOOL. FIELD TRIPS AND VACATION DAY PROGRAMS ARE AVAILABLE FOR MOST GRADES THOUGH CURRENTLY ARE MOSTLY K-8. PROGRAMS FOCUS ON CISF'S MISSION OF ENGAGING AND INSPIRING YOUTH WITH THE COASTAL ENVIRONMENT THROUGH BOATING AND EDUCATION.

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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 $2,764,129

Program Service Revenue $217,623

Investment Income $22,191

Other Revenue $52,626

TOTAL REVENUE $3,056,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,578

Fundraising Expenses $194,375

Program Expenses $568,751

Other Expenses $345,683

TOTAL EXPENSES $819,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,056,569	$723,933	+3.2%
Expenses	$819,261	$630,130	+0.3%
Net Income	$2,237,308	$93,803	+22.9%

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

$114,345

Total Directors