CASCADILLA BOAT CLUB LTD (EIN 161099792) - 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

1977

Legal Domicile

Principal Officer

KAMANA MISRA

Phone

6072731167

Tax Period

2023-01-01 to 2023-12-31

CASCADILLA BOAT CLUB LTD, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $454K in total revenue in fiscal year 2023. Revenue surged 231% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 43% operating margin.

Mission

PROMOTE WATER SPORTS IN THE ITHACA AREA THROUGH 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,857

Program Service Revenue $188,290

Investment Income $-336

Other Revenue $121

TOTAL REVENUE $453,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,479

Fundraising Expenses $270

Program Expenses $248,938

Other Expenses $148,322

TOTAL EXPENSES $259,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$453,932	$137,027	+2.3%
Expenses	$259,801	$191,379	+0.4%
Net Income	$194,131	$-54,352	-4.6%

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

Volunteers

100

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
DREW TENNANT	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAM MISRA	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH BETH LEACH CEBRY	FORMER SECRETARY	2.00	Officer Director	$0	$0	$0
GILL HAINES-SHARP	DIRECTOR	2.00	Director	$0	$0	$0
KIM MCKNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
BETH GREENE	DIRECTOR	2.00	Director	$0	$0	$0
ELLIOT SHAPIRO	SECRETARY	2.00	Officer Director	$0	$0	$0
JON GREENE	DIRECTOR	2.00	Director	$0	$0	$0
BRENT BASSO	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN ERICKSSON	DIRECTOR	2.00	Director	$0	$0	$0
JUDY KOLKMAN	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$453,932	$259,801	$309,892	$194,131
2022	$137,027	$191,379	$109,026	$-54,352
2021	$110,833	$142,387	$163,378	$-31,554
2020	$94,851	$103,267	$197,735	$-8,416
2019	$185,579	$236,669	$205,030	$-51,090
2018	$296,107	$252,798	$255,727	$43,309

CASCADILLA BOAT CLUB LTD