LAKE MONROE SAILING ASSOCIATION INCORPORATED

EIN: 237363158

BLOOMINGTON, IN

Total Revenue
$335,127
Total Expenses
$354,649
Total Assets
$380,259
Net Assets
$317,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IN
Phone
3178244611
Tax Period
2024-01-01 to 2024-12-31

LAKE MONROE SAILING ASSOCIATION INCORPORATED, founded in 1970, is a small nonprofit that reported $335K in total revenue in fiscal year 2024.

Mission

Provide safe harbor for sailboats used on Monroe Lake Indiana; sailing instruction and recreation as provided by our lease with the Indiana Department of Natural Resources; and provide youth and adult sailing lessons and instructions.

Program Service Accomplishments

Program 1
Expenses: $272,459 Revenue: $255,334

Provide safe harbor to approximately 200 sailors members on Lake Monroe Indiana and provide sailing instruction.

Program 2
Expenses: $82,190 Revenue: $79,794

Provide sailing instruction to approximately 300 youth and adult members.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,926
Program Service Revenue $315,359
Investment Income $12,842
Other Revenue $0
TOTAL REVENUE $335,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,146
Fundraising Expenses $0
Program Expenses $354,649
Other Expenses $209,503
TOTAL EXPENSES $354,649

Year-over-Year Comparison

2024 2023 Change
Revenue $335,127 $323,856 +0.0%
Expenses $354,649 $344,723 +0.0%
Net Income $-19,522 $-20,867 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
15

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Watson Treasurer 0.00
Officer Director
$0 $0 $0
Richard Morpurgo Commodore 0.00
Officer Director
$0 $0 $0
Vicki Conway Director 0.00
Director
$0 $0 $0
Dan Cooper Director 0.00
Director
$0 $0 $0
Aaron Prange Director 0.00
Director
$0 $0 $0
Alex Crowley Secretary 0.00
Officer Director
$0 $0 $0
Karen Gummer Director 0.00
Director
$0 $0 $0
James Parsch Vice Commodore 0.00
Officer
$0 $0 $0
Bill Polansky Director 0.00
Director
$0 $0 $0
Andi Bueckle Director 0.00
Director
$0 $0 $0
Dana Duffy Director 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 $335,127 $354,649 $380,259 $-19,522
2023 $323,856 $344,723 $400,460 $-20,867
2022 $321,168 $292,994 $432,445 $28,174
2021 $329,215 $315,138 $414,417 $14,077
2020 $293,047 $263,001 $429,047 $30,046
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