AMERICAN SAIL TRAINING ASSOCIATION (EIN 237324566) - 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

1973

Legal Domicile

Principal Officer

MICHAEL RAUWORTH

Phone

4018461775

Tax Period

2023-01-01 to 2023-12-31

AMERICAN SAIL TRAINING ASSOCIATION, founded in 1973, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENCOURAGE CHARACTER BUILDING THROUGH SAIL TRAINING, PROMOTE SAIL TRAINING TO THE NORTH AMERICAN PUBLIC, AND SUPPORT EDUCATION UNDER SAIL.

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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 $412,212

Program Service Revenue $823,234

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,235,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,925

Fundraising Expenses $0

Program Expenses $915,580

Other Expenses $1,281,030

TOTAL EXPENSES $1,511,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,235,446	$668,177	+0.8%
Expenses	$1,511,955	$474,542	+2.2%
Net Income	$-276,509	$193,635	-2.4%

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

$49,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMON COLLEY	BOARD CHAIR AND PRESIDENT	0.10	Officer	$0	$0	$0
NATHAN HAUSER	VICE CHAIR	0.10	Officer	$0	$0	$0
WILLIAM SABATINI	VICE CHAIR	0.10	Officer	$0	$0	$0
MICHAEL MEIGHAN	TREASURER	0.10	Officer	$0	$0	$0
MICHAEL TURDO	SECRETARY	0.10	Officer	$0	$0	$0
AARON SINGH	DIRECTOR	0.10	Director	$0	$0	$0
BRUCE HEYMAN	DIRECTOR	0.10	Director	$0	$0	$0
CHASE JACKSON	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER NOLAN	DIRECTOR	0.10	Director	$0	$0	$0
HARRY GRAVES	DIRECTOR	0.10	Director	$0	$0	$0
JAMES KERR	DIRECTOR	0.10	Director	$0	$0	$0
JOHN NADEAU	DIRECTOR	0.10	Director	$0	$0	$0
MARCUS ASANTE	DIRECTOR	0.10	Director	$0	$0	$0
MARK BUZBY	DIRECTOR	0.10	Director	$0	$0	$0
MARK SCIBINO	DIRECTOR	0.10	Director	$0	$0	$0
PATRICIA LOCK	DIRECTOR	0.10	Director	$0	$0	$0
PETER TEBEAU	DIRECTOR	0.10	Director	$0	$0	$0
SARAH ARMOUR	DIRECTOR	0.10	Director	$0	$0	$0
STEFAN EDICK	DIRECTOR	0.10	Director	$0	$0	$0
TRAVIS YATES	DIRECTOR	0.10	Director	$0	$0	$0
KRISTIN E VON WALD	EXECUTIVE DIRECTOR	30.00	Officer	$49,875	$0	$49,875

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	$1,235,446	$1,511,955	$776,223	$-276,509
2022	$668,177	$474,542	No data	$193,635
2021	$327,226	$342,055	$417,185	$-14,829
2020	$348,815	$426,096	$398,870	$-77,281
2019	$802,798	$828,905	$366,675	$-26,107
2018	$1,779,845	$1,781,994	$394,215	$-2,149

AMERICAN SAIL TRAINING ASSOCIATION