HEMPSTEAD BAY SAILING CLUB INC

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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

1965

Legal Domicile

Phone

5164329212

Tax Period

2024-12-01 to 2025-11-30

HEMPSTEAD BAY SAILING CLUB INC, founded in 1965, is a small nonprofit that reported $116K in total revenue in fiscal year 2024. Expenses of $144K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROMOTE THE SPORT OF SAILING THROUGH RACING, CRUISING AND EDUCATIONAL SEMINARS FOR ADULTS AND CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $41,965 Revenue: $52,771

TO PROMOTE THE SPORT OF SAILING THROUGH RACING, CRUISING AND EDUCATION SEMINARS FOR ADULTS AND CHILDREN.

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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 $62,617

Program Service Revenue $42,105

Investment Income $12

Other Revenue $11,454

TOTAL REVENUE $116,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,965

Other Expenses $144,033

TOTAL EXPENSES $144,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,188	$114,803	+0.0%
Expenses	$144,033	$130,450	+0.1%
Net Income	$-27,845	$-15,647	+0.8%

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

N/A

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
IRA GRUSHACK	SECRETARY	1.00	Officer	$0	$0	$0
HELEN LAUFMAN	FINANCE CHAIRPERSON	1.00	Officer	$0	$0	$0
BRIAN O SULLIVAN	VICE COMMODORE	1.00	Officer	$0	$0	$0
PATRICK ALESI	REAR COMMODORE	1.00	Officer	$0	$0	$0
CHARLIE GALINA	TREASURER	3.00	Officer	$0	$0	$0
GREG LAUFMAN	COMMODORE	1.00	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	$116,188	$144,033	$224,282	$-27,845
2024	$114,803	$130,450	$229,034	$-15,647
2023	$109,926	$121,167	$227,051	$-11,241
2022	$100,417	$117,402	$221,797	$-16,985
2021	$94,727	$109,726	$226,282	$-14,999
2020	$93,051	$91,250	$224,123	$1,801
2019	$91,803	$108,825	$205,169	$-17,022
2018	$97,115	$111,522	$205,918	$-14,407