NATIONAL SAFE BOATING COUNCIL INC

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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

1958

Legal Domicile

Principal Officer

PEGGY PHILLIPS

Phone

7033614294

Tax Period

2023-10-01 to 2024-09-30

NATIONAL SAFE BOATING COUNCIL INC, founded in 1958, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AND EDUCATE THE PUBLIC IN SAFE BOATING PRINCIPLES.

Program Service Accomplishments

Program 1

Expenses: $942,137 Revenue: $265,795

THE NATIONAL SAFE BOATING COUNCIL (NSBC) EXISTS TO MAKE RECREATIONAL BOATING SAFER FOR ALL WHO ENJOY THE WATERWAYS. THE COMMUNITY THEY SERVE INCLUDES ORGANIZATIONS, AGENCIES, AND COMPANIES, AS WELL AS VOLUNTEERS AND INDIVIDUALS, WHO INFLUENCE AND IMPACT RECREATIONAL BOATING SAFETY. THE NSBC ENGAGES ALL ASPECTS OF THE RECREATIONAL BOATING COMMUNITY IN RELEVANT, COMPELLING, AND CONTINUOUS OPPORTUNITIES WHICH IMPROVE SAFETY AND REINFORCE ENJOYMENT OF RECREATIONAL BOATING. THIS INCLUDES CONNECTING WITH, LISTENING TO AND INVOLVING EVERYONE WHO LIVES, WORKS, OR PLAYS WITHIN THE RECREATIONAL BOATING COMMUNITY. THE NSBC PROMOTES THE ADVANCEMENT OF A CULTURAL SHIFT RELATIVE TO SAFE BOATING BEHAVIORS AND LIFE JACKET WEAR TO MINIMIZE THE LOSS OF LIFE, PERSONAL INJURY AND PROPERTY DAMAGE. THE NSBC FOSTERS A BOATING SAFETY CULTURE BY UNITING THE BOATING COMMUNITY, BUILDING ALLIANCES, PROVIDING RESOURCES, EMPOWERING OUR PARTNERS, AND INFLUENCING AND STRENGTHENING PROGRAMMING AND MESSAGING TO RECREATIONAL BOATERS. THE COUNCIL'S ACTIONS PROVE THE VALUE OF ACTIVE MEMBERSHIP, ENCOURAGE INCREASED LEVELS OF COMMITMENT TO SAFE BOATING PRACTICES, AND FUEL EVEN GREATER COLLECTIVE SUCCESS.PROGRAMMING INCLUDES: SAFE BOATING CAMPAIGN - AN OUTREACH MARKETING CAMPAIGN ADVANCING BOATING SAFETY MESSAGING; INTERNATIONAL BOATING AND WATER SAFETY SUMMIT (IBWSS) - AN ANNUAL CONFERENCE HOSTED BY THE NSBC; BOAT ON COURSE - A FREE, ONLINE LEARNING VIDEO SERIES; GET CONNECTED - AN OUTREACH CAMPAIGN EDUCATING POWERBOATERS ON THE USE OF THE ENGINE CUT-OFF SWITCH (ECOS); SKIPPER CLUB - AN ON-WATER POWERBOAT TRAINING PROGRAM GEARED TO A TEEN AUDIENCE, AND MORE.

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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 $861,814

Program Service Revenue $215,573

Investment Income $28,527

Other Revenue $50,222

TOTAL REVENUE $1,156,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,256

Fundraising Expenses $0

Program Expenses $942,137

Other Expenses $638,029

TOTAL EXPENSES $1,180,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,156,136	$1,061,101	+0.1%
Expenses	$1,180,285	$963,856	+0.2%
Net Income	$-24,149	$97,245	-1.2%

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

$135,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY PHILLIPS	EXECUTIVE DIRECTOR	40.00	Officer	$119,686	$16,000	$135,686
YVONNE PENTZ	COMMUNICATIONS DIRECTOR	40.00	Highest	$100,522	$12,000	$112,522
ALAN DENNISON	CHAIR	2.00	Officer Director	$0	$0	$0
GRANT BROWN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT NEWSOME	PAST CHAIR	2.00	Officer Director	$0	$0	$0
DAVID BROADBENT	SECRETARY	2.00	Officer Director	$0	$0	$0
ELENA YEARLY	TREASURER (END 12/2023)	2.00	Officer Director	$0	$0	$0
SCOTT JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
STACEY BROWN	DIRECTOR	2.00	Director	$0	$0	$0
RAY FERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
CHAD TOKOWICZ	DIRECTOR	2.00	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	$1,156,136	$1,180,285	$935,728	$-24,149
2023	$1,061,101	$963,856	$877,247	$97,245
2022	$1,251,612	$1,213,756	$742,612	$37,856
2021	$1,091,134	$1,033,397	$869,297	$57,737
2020	$813,578	$782,938	$797,636	$30,640
2019	$800,727	$757,428	$723,239	$43,299
2018	$1,192,477	$1,184,165	$658,436	$8,312