INDIANA SAILING FOUNDATION INC (EIN 203306697) - 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

2006

Legal Domicile

Principal Officer

BARB SPAANS

Tax Period

2023-01-01 to 2023-12-31

INDIANA SAILING FOUNDATION INC, founded in 2006, is a micro nonprofit in the Recreation & Sports sector that reported $508 in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $348, a strong 69% operating margin.

Mission

TO ORGANIZE, SUPPORT AND PROMOTE EDUCATIONAL SAILING PROGRAMS, EVENTS, SYMPOSIUMS AND TRAINING SESSIONS TO INDIVIDUALS THROUGHOUT INDIANA. THE ORGANIZATION WILL DEVELOP ALLIANCES WITH OTHER YOUTH FOCUSED ORGANIZATIONS AND FOUNDATIONS THAT ARE INTERESTED IN PROMOTING EDUCATIONAL YOUTH SAILING 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 $90

Program Service Revenue $0

Investment Income $418

Other Revenue $0

TOTAL REVENUE $508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $160

TOTAL EXPENSES $160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508	$5,175	-0.9%
Expenses	$160	$134	+0.2%
Net Income	$348	$5,041	-0.9%

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
BOB BUTSCH	DIRECTOR	1.00	Director	$0	$0	$0
RICK GRAEF	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KIRKPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SARBER	SECRETARY	1.00	Director	$0	$0	$0
JEFF SCHMAHL	DIRECTOR	1.00	Director	$0	$0	$0
BARB SPAANS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN STUCKY	TREASURER	2.00	Officer 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	$508	$160	$32,469	$348
2022	$5,175	$134	$30,586	$5,041
2021	$4,358	$127	$28,536	$4,231
2020	$32,606	$37,850	$25,918	$-5,244
2019	$4,930	$25,050	$29,605	$-20,120
2018	$25,831	$50	$47,437	$25,781

INDIANA SAILING FOUNDATION INC