CONANICUT ISLAND SAILING FOUNDATION (EIN 050513580) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

THROUGH BOATING AND EDUCATION, CISF INSPIRES AND ENGAGES PEOPLE OF ALL AGES, BACKGROUNDS AND ABILITIES WITH THE COASTAL ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$114,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH SWETT	PRESIDENT	12.00	Officer Director	$0	$0	$0
BOB MACCINI	VICE-PRESIDE	8.00	Officer Director	$0	$0	$0
TOR HOLTAN	TREASURER	8.00	Officer Director	$0	$0	$0
MIKE MARSHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
MEG MYLES	EXECUTIVE DI	40.00	Officer Director	$99,116	$15,229	$114,345
JIM BRYER	BOARD MEMBER	15.00	Director	$0	$0	$0
CHRISTOPHER CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY SERTL	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY SYLVIA	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA VINELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
JESS WURZBACHER	BOARD MEMBER	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	$3,056,569	$819,261	$3,447,500	$2,237,308
2023	$723,933	$630,130	$1,149,344	$93,803
2022	$599,615	$441,672	$879,621	$157,943
2021	$552,063	$338,851	$844,203	$213,212
2020	$242,239	$262,414	$625,355	$-20,175
2019	$271,310	$243,762	$585,765	$27,548
2018	$292,524	$210,615	$520,019	$81,909

CONANICUT ISLAND SAILING FOUNDATION