DARE COUNTY BOAT BUILDERS FOUNDATION (EIN 113831516) - 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

2008

Legal Domicile

Principal Officer

JASON WAUGHTEL

Phone

2524731716

Tax Period

2024-01-01 to 2024-12-31

DARE COUNTY BOAT BUILDERS FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $300K in total revenue in fiscal year 2024. The organization ran a surplus of $110K, a strong 37% 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.

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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 $33,889

Program Service Revenue $0

Investment Income $30,985

Other Revenue $235,054

TOTAL REVENUE $299,928

Expense Breakdown

Grants Paid $189,666

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,666

Other Expenses $0

TOTAL EXPENSES $189,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,928	$302,970	0.0%
Expenses	$189,666	$143,566	+0.3%
Net Income	$110,262	$159,404	-0.3%

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
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