THE SAILING FOUNDATION OF NEW YORK INC

EIN: 137308006 501(c)(3) Recreation & Sports

RYE, NY

Total Revenue
$1,384,074
Total Expenses
$433,237
Total Assets
$1,057,532
Net Assets
$1,057,532
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
THOMAS L STARK
Phone
2039529534
Tax Period
2023-01-01 to 2023-12-31

THE SAILING FOUNDATION OF NEW YORK INC, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 2270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $951K, a strong 69% operating margin.

Mission

THE FOUNDATION SUPPORTS AMATEUR SPORTS PARTICIPATION IN COMPETITIVE SAILING THROUGH CLINICS, COACHING AND OTHER EDUCATIONAL ACTIVITIES. THE FOUNDATION ALSO PROVIDES FINANCIAL ASSISTANCE TO DESERVED ATHLETES COMPETING IN REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS. THE FOUNDATION ALSO IDENTIFIES OPPORTUNITIES FOR TRAINING AND DEVELOPMENT PROVIDED BY OTHER CHARITABLE EXEMPT ORGANIZATIONS THAT FACILITATE THE PARTICIPATION OF AMATEUR ATHLETES IN SUCH MARINE RELATED EDUCATIONAL PROGRAMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,418,146
Program Service Revenue $0
Investment Income $19,227
Other Revenue $-53,299
TOTAL REVENUE $1,384,074

Expense Breakdown

Grants Paid $425,647
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $425,647
Other Expenses $7,590
TOTAL EXPENSES $433,237

Year-over-Year Comparison

2023 2022 Change
Revenue $1,384,074 $58,406 +22.7%
Expenses $433,237 $91,819 +3.7%
Net Income $950,837 $-33,413 -29.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS L STARK PRESIDENT 5.00
Officer Director
$0 $0 $0
GEORGE M ISDALE DIRECTOR 1.00
Director
$0 $0 $0
JAMES J CUMMISKEY DIRECTOR 1.00
Director
$0 $0 $0
AUSTIN FRAGOMEN DIRECTOR 1.00
Director
$0 $0 $0
JOHN HELE DIRECTOR 1.00
Director
$0 $0 $0
GEORGE HINMAN JR DIRECTOR 1.00
Director
$0 $0 $0
DOROTHY M MOSKO DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR J SANTRY III DIRECTOR 1.00
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
2023 $1,384,074 $433,237 $1,057,532 $950,837
2022 $58,406 $91,819 $106,695 $-33,413
2021 $162,250 $163,091 $140,108 $-841
2020 $174,459 $204,095 $140,949 $-29,636
2019 $244,247 $403,299 $170,585 $-159,052
2018 $810,406 $711,727 $329,637 $98,679
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