YOUTH SAILING FOUNDATION OF INDIAN… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

WILLIAM LAZAR

Phone

7725679000

Tax Period

2024-01-01 to 2024-12-31

YOUTH SAILING FOUNDATION OF INDIAN RIVER, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 54% operating margin.

Mission

THE MISSION OF THE YOUTH SAILING FOUNDATION IS TO PROVIDE INDIAN RIVER COUNTY WITH EDUCATIONAL, RECREATIONAL AND COMPETITIVE SAILING PROGRAMS FOR ALL AGES IN A FUN AND SAFE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $793,301 Revenue: $171,330

OPTI CLASSES - CHILDREN 9-14 LEARN TO SAIL USING OPTI 8 FOOT SINGLE PERSON PRAMS. CERTIFIED U.S. SAILING INSTRUCTORS, AIDED BY VOLUNTEERS TEACH SAFETY, BASIC SEAMANSHIP, RIGGING AND UNRIGGING...

OPTI CLASSES - CHILDREN 9-14 LEARN TO SAIL USING OPTI 8 FOOT SINGLE PERSON PRAMS. CERTIFIED U.S. SAILING INSTRUCTORS, AIDED BY VOLUNTEERS TEACH SAFETY, BASIC SEAMANSHIP, RIGGING AND UNRIGGING, LAUNCHING, SAILING MANEUVERS, RULES OF THE ROAD AND SPORTSMANSHIP. 420 CLASSES - HIGH SCHOOL STUDENTS SAIL TWO-MAN HIGH PERFORMANCE 12 FOOT 420'S. PRACTICE IS WEDNESDAY AFTER SCHOOL AND SATURDAYS. YSF IN PARTNERSHIP WITH VERO BEACH HIGH SCHOOL COMPETES AT THE VARSITY LEVEL WITH ATHLETES EARNING VARSITY LETTERS EACH YEAR. YSF OFFERS PROGRAMS TO HOME SCHOOLED STUDENTS AND AN ADAPTIVE SAILING PROGRAM FOR SPECIAL NEEDS SAILORS PROVIDED FREE OF CHARGE. WE ALSO HAVE CLUB SAILING, SAILING CASSES FOR ADULTS, PRIVATE LESSONS, AND BOAT RENTALS WHICH HELPS FUND BEGINNING AND SPECIAL NEEDS PROGRAMS OFFERED FREE TO INDIAN RIVER COUNTY RESIDENTS.

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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 $1,988,552

Program Service Revenue $171,330

Investment Income $137,775

Other Revenue $124,547

TOTAL REVENUE $2,422,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,074

Fundraising Expenses $184,040

Program Expenses $793,301

Other Expenses $715,011

TOTAL EXPENSES $1,103,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,422,204	$5,889,977	-0.6%
Expenses	$1,103,085	$1,042,115	+0.1%
Net Income	$1,319,119	$4,847,862	-0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM A KRUEGER	CHAIRMAN	12.00	Officer Director	$0	$0	$0
ALISON SCHLITT	TREASURER/DIRECTOR	12.00	Officer Director	$0	$0	$0
KITTY MOUNTAIN	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE HINMAN	VICE CHAIRMAN	12.00	Officer Director	$0	$0	$0
ROBERT D WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
ANNE C STORCH	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINE D POPE	DIRECTOR	5.00	Director	$0	$0	$0
DAVID ELWELL	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES D POPE	CHAIRMAN EMERITUS	12.00	Director	$0	$0	$0
SKIP WILLAUER	DIRECTOR	5.00	Director	$0	$0	$0
JAMES DELMARTER	DIRECTOR	5.00	Director	$0	$0	$0
BROOKE STEINKAMP	DIRECTOR	5.00	Director	$0	$0	$0
WILFRED HART	DIRECTOR	5.00	Director	$0	$0	$0
DOUG VITUNAC	SECRETARY	5.00	Officer Director	$0	$0	$0
MIKE MITCHELL	DIRECTOR	5.00	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	$2,422,204	$1,103,085	$8,926,601	$1,319,119
2023	$5,889,977	$1,042,115	$7,576,153	$4,847,862
2022	$1,579,358	$792,374	$2,582,147	$786,984
2021	$920,210	$602,265	$1,949,916	$317,945
2020	$672,837	$492,026	$1,494,874	$180,811
2019	$1,008,579	$449,765	$1,300,393	$558,814
2018	$741,456	$392,623	$737,258	$348,833

YOUTH SAILING FOUNDATION OF INDIAN RIVER