LAKE MINNETONKA SAILING SCHOOL INC (EIN 237178929) - 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

1972

Legal Domicile

Principal Officer

MIKE HANLEY

Phone

9524041645

Tax Period

2023-01-01 to 2023-12-31

LAKE MINNETONKA SAILING SCHOOL INC, founded in 1972, is a small nonprofit in the Recreation & Sports sector that reported $747K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 17% operating margin.

Mission

TO ENHANCE THE MENTAL AND PHYSICAL SKILLS OF OUR STUDENTS WHILE IGNITING A LIFETIME PASSION FOR THE SPORT OF SAILING.

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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 $73,449

Program Service Revenue $574,158

Investment Income $94,194

Other Revenue $5,099

TOTAL REVENUE $746,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,214

Fundraising Expenses $14,660

Program Expenses $461,392

Other Expenses $328,588

TOTAL EXPENSES $621,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$746,900	$480,912	+0.6%
Expenses	$621,802	$526,319	+0.2%
Net Income	$125,098	$-45,407	-3.8%

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

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
MARK SIGEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
TARA ENGEBRETSON	SECRETARY	5.00	Officer Director	$0	$0	$0
BETH BOWER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HANLEY	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA KOTTKE	DIRECTOR	1.00	Director	$0	$0	$0
KATE LAING	DIRECTOR	1.00	Director	$0	$0	$0
JASON OSTBYE	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE SINN	DIRECTOR	1.00	Director	$0	$0	$0
MATT VANWYK	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	$746,900	$621,802	$1,002,186	$125,098
2022	$480,912	$526,319	$809,888	$-45,407
2021	$488,054	$509,486	$855,340	$-21,432
2020	$339,111	$454,518	$863,360	$-115,407
2019	$403,217	$417,066	$960,970	$-13,849
2018	$397,239	$355,413	$950,644	$41,826

LAKE MINNETONKA SAILING SCHOOL INC