DARE COUNTY BOAT BUILDERS FOUNDATI… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

JASON WAUGHTEL

Phone

2524731716

Tax Period

2025-01-01 to 2025-12-31

DARE COUNTY BOAT BUILDERS FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 48% operating margin.

Mission

TO DEVELOP, ENCOURAGE AND PROMOTE PUBLIC AWARENESS OF THE HISTORICAL AND CULTURAL HERITAGE OF BOAT BUILDING IN DARE COUNTY AND TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $170,000

COLLEGE SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $25,222

Program Service Revenue $0

Investment Income $34,966

Other Revenue $300,318

TOTAL REVENUE $360,506

Expense Breakdown

Grants Paid $186,066

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,066

Other Expenses $0

TOTAL EXPENSES $186,066

Year-over-Year Comparison

	2025	2024	Change
Revenue	$360,506	$299,928	+0.2%
Expenses	$186,066	$189,666	0.0%
Net Income	$174,440	$110,262	+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
JOHN BAYLISS	PRESIDENT	N/A	Officer	$0	$0	$0
RICKY SACRBOROUGH JR	V-PRESIDENT	N/A	Officer	$0	$0	$0
JASON WAUGHTEL	TREASURER	N/A	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	$360,506	$186,066	$1,904,999	$174,440
2024	$299,928	$189,666	$1,529,889	$110,262
2023	$302,970	$143,566	$1,318,050	$159,404
2022	$263,604	$116,566	$1,030,498	$147,038
2021	$251,149	$93,848	$1,049,996	$157,301
2020	$154,489	$98,475	$804,590	$56,014
2019	$201,406	$125,072	$675,091	$76,334
2018	$161,619	$115,564	$524,682	$46,055

DARE COUNTY BOAT BUILDERS FOUNDATION