LAKE MONROE SAILING ASSOCIATION INCORPORATED (EIN 237363158) - 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

1970

Legal Domicile

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.

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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 (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

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	Role	Reportable Comp	Other Comp	Total
Jeff Watson	Treasurer	Officer Director	$0	$0	$0
Richard Morpurgo	Commodore	Officer Director	$0	$0	$0
Vicki Conway	Director	Director	$0	$0	$0
Dan Cooper	Director	Director	$0	$0	$0
Aaron Prange	Director	Director	$0	$0	$0
Alex Crowley	Secretary	Officer Director	$0	$0	$0
Karen Gummer	Director	Director	$0	$0	$0
James Parsch	Vice Commodore	Officer	$0	$0	$0
Bill Polansky	Director	Director	$0	$0	$0
Andi Bueckle	Director	Director	$0	$0	$0
Dana Duffy	Director	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

LAKE MONROE SAILING ASSOCIATION INCORPORATED