YOUTH SAILING FOUNDATION OF INDIAN RIVER (EIN 270952942) - 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

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.

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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