UNITED STATES SAILING ASSOCIATION … - 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

1897

Legal Domicile

Principal Officer

MONIKA MILLER

Phone

4013427900

Tax Period

2024-01-01 to 2024-12-31

UNITED STATES SAILING ASSOCIATION INC, founded in 1897, is a community nonprofit in the Recreation & Sports sector that reported $10.0M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $12.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO INCREASE SAILING PARTICIPATION AND EXCELLENCE THROUGH EDUCATION, COMPETITION, AND EQUAL OPPORTUNITY WHILE UPHOLDING THE PRINCIPLES OF FAIR PLAY, SPORTSMANSHIP, AND SAFETY.

Program Service Accomplishments

Program 1

Expenses: $5,075,050 Revenue: $1,474,230

THE OLYMPIC PROGRAM PROVIDES TRAINING AND SUPPORT OF THE TEAMS AND INDIVIDUALS PREPARING FOR OLYMPIC COMPETITIONS. SUPPORT INCLUDES COACHING, HEALTH AND NUTRITION, PHYSICAL AND PSYCHOLOGICAL...

THE OLYMPIC PROGRAM PROVIDES TRAINING AND SUPPORT OF THE TEAMS AND INDIVIDUALS PREPARING FOR OLYMPIC COMPETITIONS. SUPPORT INCLUDES COACHING, HEALTH AND NUTRITION, PHYSICAL AND PSYCHOLOGICAL STRENGTHENING, LOGISTICS, AND WEATHER FORECASTING SUPPORT. DURING THE SUMMER OF 2024 THE OLYMPICS WERE HELD IN FRANCE, WITH THE SAILING COMPETITIONS OCCURRING IN MARSEILLES. THE US SAILING TEAM CONSISTED OF 13 ATHLETES.

Program 2

Expenses: $1,580,753 Revenue: $2,627,975

THE YOUTH PROGRAMS PROVIDES YOUTH TRAINING AND CERTIFICATION OF INSTRUCTORS FOR BEGINNING INTERMEDIATE AND ADVANCED SAILING CLASSES PROVIDED THROUGHOUT THE US. FOR LEARN-TO-SAIL PROGRAMS AND SMALL...

THE YOUTH PROGRAMS PROVIDES YOUTH TRAINING AND CERTIFICATION OF INSTRUCTORS FOR BEGINNING INTERMEDIATE AND ADVANCED SAILING CLASSES PROVIDED THROUGHOUT THE US. FOR LEARN-TO-SAIL PROGRAMS AND SMALL BOAT PROGRAMS WITH A GOAL OF PROMOTING PARTICIPATION IN BOATING AND ON-WATER ACTIVITIES. THESE SERVICES ARE ALSO CONDUCTED IN ASSOCIATION WITH VARIOUS INTERNATIONAL SAIL TRAINING ORGANIZATIONS. ALSO CONDUCTS AND MANAGES UNITED STATES SAILING CHAMPIONSHIP EVENTS TO DETERMINE NATIONAL CHAMPIONS IN SUCH AREAS AS YOUTH MULTIHULL CHAMPIONSHIP AND JUNIOR OLYMPIC EVENTS ARE CONDUCTED ALL ACROSS THE COUNTRY TO ENCOURAGE THOSE WHO ARE CONSIDERING OLYMPIC CAMPAIGNS.

Program 3

Expenses: $1,663,951 Revenue: $2,307,490

THE EDUCATION DEVELOPS PRODUCTS AND PROGRAMS THAT SUPPORT THE VARIOUS CONSTITUENT SECTIONS OF US SAILING (YOUTH, ADULT, AND RACE ADMINISTRATION). ADDITIONALLY RESPONSIBLE FOR SCHEDULING OF...

THE EDUCATION DEVELOPS PRODUCTS AND PROGRAMS THAT SUPPORT THE VARIOUS CONSTITUENT SECTIONS OF US SAILING (YOUTH, ADULT, AND RACE ADMINISTRATION). ADDITIONALLY RESPONSIBLE FOR SCHEDULING OF EDUCATIONAL COURSES AND SEMINARS, RESPONSIBLE FOR MANAGING THE ORGANIZATIONAL RELATIONSHIPS WITH THE US COAST GUARD, NATIONAL ASSOCIATION OF STATE BOATING ADMINISTRATORS (NASBLA) ,AND NATIONAL SAFE BOATING COUNCIL.

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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 $3,385,799

Program Service Revenue $5,832,774

Investment Income $201,520

Other Revenue $576,921

TOTAL REVENUE $9,997,014

Expense Breakdown

Grants Paid $482,502

Salaries & Benefits $5,131,486

Fundraising Expenses $250,529

Program Expenses $8,319,754

Other Expenses $6,671,463

TOTAL EXPENSES $12,285,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,997,014	$12,911,236	-0.2%
Expenses	$12,285,451	$11,838,413	+0.0%
Net Income	$-2,288,437	$1,072,823	-3.1%

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

519

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

$425,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB KOTTLER	DIRECTOR (AS OF 11/24)	5.00	Director	$0	$0	$0
BRIAN KEANE	DIRECTOR/ FOUNDATION PRESIDENT (AS OF 2/24)	10.00	Director	$0	$0	$0
CHARLIE ARMS	SECRETARY/DIRECTOR (TO 11/24)	10.00	Officer Director	$0	$0	$0
CHRIS BARNARD	DIRECTOR (AS OF 12/24)	1.00	Director	$0	$0	$0
HENRY BRAUER	PRESIDENT (AS OF 11/24)	25.00	Officer Director	$0	$0	$0
JOHN SCHOENDORF	TREASURER/DIRECTOR	25.00	Officer Director	$0	$0	$0
JUDGE RYAN	DIRECTOR (TO 11/24)	5.00	Director	$0	$0	$0
LAURA GRONDIN	VICE PRESIDENT (AS OF 11/24)	10.00	Officer Director	$0	$0	$0
LUKE MULLER	DIRECTOR (AS OF 12/24)	5.00	Director	$0	$0	$0
MAGGIE SHEA	DIRECTOR (TO 11/24)	5.00	Director	$0	$0	$0
MARIE ROGERS	VICE PRESIDENT/DIRECTOR (TO 11/24)	5.00	Officer Director	$0	$0	$0
MATT GALLAGHER	SECRETARY/DIRECTOR (AS OF 11/24)	10.00	Officer Director	$0	$0	$0
MIKE VAN DYKE	DIRECTOR (AS OF 11/24)	5.00	Director	$0	$0	$0
PAMELA HEALY	DIRECTOR	10.00	Director	$0	$0	$0
RICHARD JEPSEN	PRESIDENT/DIRECTOR (TO 11/24)	10.00	Officer Director	$0	$0	$0
SARAH LIHAN	DIRECTOR	25.00	Director	$0	$0	$0
SHEILA TOLLE	DIRECTOR	5.00	Director	$0	$0	$0
STAN HONEY	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM RUH	DIRECTOR-FOUNDATION PRESIDENT (TO 2/24)	5.00	Director	$0	$0	$0
ALAN OSTFIELD	CHIEF EXECUTIVE OFFICER	34.50	Officer	$319,454	$26,952	$346,406
HEATHER MONOSON	CHIEF FINANCIAL OFFICER (TO 3/24)	34.50	Officer	$75,375	$3,965	$79,340
ANDREW CLOUSTON	SVP PROGRAM & SERVICES	37.50	Highest	$169,419	$9,524	$178,943
BLAINE PEDLOW	SVP DEVELOPMENT	37.50	Highest	$159,362	$9,301	$168,663
ERIC KRASNOO	SVP MEMBERSHIP	37.50	Highest	$188,054	$18,764	$206,818
RENEE WETTERLAND	HEAD OF HR/OPERATIONS	37.50	Highest	$111,073	$7,623	$118,696
SALLY BARKOW	OLYMPIC TEAM COACH	37.50	Highest	$124,746	$22,620	$147,366

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	No data	No data	No data	No data
2024	$9,997,014	$12,285,451	$3,618,476	$-2,288,437
2023	$12,911,236	$11,838,413	$15,120,841	$1,072,823
2023	$9,477,679	$12,267,952	$11,053,658	$-2,790,273
2022	$14,807,478	$14,102,629	$11,705,782	$704,849
2021	$11,092,289	$11,465,127	$8,027,126	$-372,838
2020	$9,873,231	$9,079,817	$7,559,656	$793,414
2019	$10,474,843	$11,154,534	$6,472,328	$-679,691
2018	$9,925,617	$11,451,899	$7,579,732	$-1,526,282

UNITED STATES SAILING ASSOCIATION INC