NEW YORK HARBOR SAILING FOUNDATION INC C/O MANHATTAN YACHT CLUB (EIN 133753257) - 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

1993

Legal Domicile

Principal Officer

MICHAEL FORTENBAUGH

Phone

9178163799

Tax Period

2020-01-01 to 2020-12-31

NEW YORK HARBOR SAILING FOUNDATION INC C/O MANHATTAN YACHT CLUB, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $125K in total revenue in fiscal year 2020. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO FOSTER AMATEUR SAILING OF NATIONAL AND INTERNATIONAL IMPORTANCE IN NEW YORK HARBOR

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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 (2020)

Revenue Breakdown

Contributions & Grants $74,500

Program Service Revenue $50,945

Investment Income $9

Other Revenue $0

TOTAL REVENUE $125,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,549

Fundraising Expenses $0

Program Expenses $206,260

Other Expenses $186,903

TOTAL EXPENSES $217,452

Year-over-Year Comparison

	2020	2019	Change
Revenue	$125,454	$566,640	-0.8%
Expenses	$217,452	$596,396	-0.6%
Net Income	$-91,998	$-29,756	+2.1%

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

N/A

Employees

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
MICHAEL FORTENBAUGH	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL DURAN	TREASURER	0.10	Officer Director	$0	$0	$0
JAMES CAVANAUGH	CHAIRMAN	0.10	Director	$0	$0	$0
SCOTT CURTIS	DIRECTOR	0.10	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	No data	No data	No data	No data
2020	$125,454	$217,452	$257,721	$-91,998
2019	$566,640	$596,396	$349,720	$-29,756
2018	$514,372	$500,442	$379,476	$13,930

NEW YORK HARBOR SAILING FOUNDATION INC C/O MANHATTAN YACHT CLUB