STURGEON BAY YACHT CLUB SAIL TRAINING FOUNDATION (EIN 237186112) - 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

1968

Legal Domicile

Principal Officer

JOHN ERIC PAULSEN

Phone

9207436934

Tax Period

2023-01-01 to 2023-12-31

STURGEON BAY YACHT CLUB SAIL TRAINING FOUNDATION, founded in 1968, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 59% operating margin.

Mission

THE MISSION OF THE SAIL TRAINING FOUNDATION IS: 1. TO TRAIN PERSONS IN ALL ASPECTS OF BOATING AND WATER SAFETY; 2. TO HOLD TITLE TO AND MAINTAIN WATERCRAFT AND RELATED EQUIPMENT; 3. TO ENGAGE IN OTHER LAWFUL ACTIVITY WHATSOEVER, DIRECTLY CONCERNED WITH THE FOREGOING, OR WHICH IS CALCULATED DIRECTLY OR INDIRECTLY TO PROMOTE THE INTEREST OF PERSONS IN WATERCRAFT AND WATER SAFETY.

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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 $122,594

Program Service Revenue $24,250

Investment Income $-3,002

Other Revenue $1,994

TOTAL REVENUE $145,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,732

Other Expenses $60,424

TOTAL EXPENSES $60,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,836	$77,181	+0.9%
Expenses	$60,424	$48,931	+0.2%
Net Income	$85,412	$28,250	+2.0%

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

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
ED PIECHNA	PAST COMMODO	0.10	Officer Director	$0	$0	$0
AMY WAGNER	VICE COMMODO	1.90	Officer Director	$0	$0	$0
JON BURK	REAR COMMODO	0.00	Officer Director	$0	$0	$0
JOHN ERIC PAULSEN	COMMODORE	0.50	Officer Director	$0	$0	$0
INGE BACON	TREASURER	0.00	Officer Director	$0	$0	$0
JENNIFER HOBART	JUDGE ADVOCA	0.00	Officer Director	$0	$0	$0
TOM FOSTER	SECRETARY	0.00	Officer Director	$0	$0	$0
ED EICKENBERG	BOARD MEMBER	0.20	Director	$0	$0	$0
TERRY RIKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID SCHANOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
BRIAN SCHWIDERSKI	BOARD MEMBER	0.00	Director	$0	$0	$0
CAIN GOETTELMAN	BOARD MEMBER	9.60	Director	$0	$0	$0
CHRIS DEPREY	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL SALISBURY	BOARD MEMBER	0.00	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	$145,836	$60,424	$383,770	$85,412
2022	$77,181	$48,931	$298,308	$28,250
2021	$177,279	$46,855	$284,901	$130,424
2020	$30,071	$46,257	$165,354	$-16,186
2019	$69,009	$54,621	$169,279	$14,388

STURGEON BAY YACHT CLUB SAIL TRAINING FOUNDATION