LAUDERDALE YACHT SAILING FOUNDATIO… - 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

BETH RIELLY

Phone

9545252842

Tax Period

2024-05-01 to 2025-04-30

LAUDERDALE YACHT SAILING FOUNDATION INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $407K in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $128K, a strong 32% operating margin.

Mission

THE LAUDERDALE YACHT CLUB SAILING FOUNDATION IS DEDICATED TO FAVORABLY IMPACTING THE LIVES OF YOUNG PEOPLE, PRIMARILY BETWEEN THE AGES OF EIGHT AND EIGHTEEN. WE EDUCATE THEM ABOUT SAILING AND BOATING, WEATHER, MARINE SAFETY, SEA CONDITIONS, MARITIME 'RULES OF THE ROAD', RACING, TACTICS AND FIRST AID, WITH THE GOAL OF IMPROVING SPATIAL AND MATHEMATICAL SKILLS. WE AIM TO PROVIDE THEM WITH TOOLS TO BUILD CHARACTER, AND SUPPORT IN THE AREAS OF EDUCATION, WHILE ADVOCATING LEADERSHIP AMONG YOUNG PEOPLE OF SOUTH FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $263,895

THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO YOUNG PEOPLE TO PROMOTE ACCESS TO EDUCATIONAL AND COMPETITIVE SAILING OPPORTUNITIES. GRANTS ARE AWARDED THROUGH AN APPLICATION AND REVIEW PROCESS AND ARE USED TO OFFSET OUT-OF-POCKET COSTS SUCH AS PROGRAM TUITION, COACHING FEES, COMPETITION ENTRY FEES, TRAVEL, AND REQUIRED EQUIPMENT. BY REDUCING THESE FINANCIAL BARRIERS, THE PROGRAM ENABLES YOUTH SAILORS OF VARYING ECONOMIC BACKGROUNDS TO PARTICIPATE IN ORGANIZED SAILING INSTRUCTION, TRAINING, AND REGATTAS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. IN FISCAL YEAR 2024 THE FOUNDATION AWARDED 103 INDIVIDUAL SCHOLARSHIPS, 11 COMPETITION GRANTS AND ONE SPECIAL GRANT.

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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 $235,589

Program Service Revenue $0

Investment Income $49,285

Other Revenue $122,537

TOTAL REVENUE $407,411

Expense Breakdown

Grants Paid $118,262

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,895

Other Expenses $160,744

TOTAL EXPENSES $279,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,411	$171,644	+1.4%
Expenses	$279,006	$211,936	+0.3%
Net Income	$128,405	$-40,292	-4.2%

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

N/A

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
AUSTIN PAYNE	ASST. TREASURER	Officer Director	$0	$0	$0
GREG BELLOWS	DIRECTOR	Director	$0	$0	$0
KARL RYDER	DIRECTOR	Director	$0	$0	$0
BUZZ SMITH	DIRECTOR	Director	$0	$0	$0
MALCOLM FARREL	VICE CHAIRMAN	Officer Director	$0	$0	$0
ROBIN MEAGHER	DIRECTOR	Director	$0	$0	$0
DENNY ST ROMAIN	DIRECTOR	Director	$0	$0	$0
BETH RIELLY	CHAIRMAN	Officer Director	$0	$0	$0
CHRISTINE FANCHI	ASST. SECRETARY	Officer Director	$0	$0	$0
NICK PEIRSON	TREASURER	Officer Director	$0	$0	$0
DAVID RULIEN	DIRECTOR	Director	$0	$0	$0
MIKE RUTLEDGE	ASST. LEGAL OFFICER	Officer Director	$0	$0	$0
PETER COMMETTE	LEGAL OFFICER	Officer Director	$0	$0	$0
BETH WELKER	SECRETARY	Officer Director	$0	$0	$0
MIKE BONDURANT	DIRECTOR	Director	$0	$0	$0
VILHELM ROBERTS	DIRECTOR	Director	$0	$0	$0
NIKI CURRY-HILL	DIRECTOR	Director	$0	$0	$0
STEPHANIE TOOTHAKER	DIRECTOR	Director	$0	$0	$0
LYNNE AGNESE	COR. SECRETARY	Officer Director	$0	$0	$0
JOHN KELLY	DIRECTOR	Director	$0	$0	$0
JOHNNY MANN	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
2025	$407,411	$279,006	$1,009,083	$128,405
2024	$171,644	$211,936	$906,776	$-40,292
2023	$223,107	$125,247	$909,060	$97,860
2022	$142,584	$74,893	$823,044	$67,691
2020	$23,034	$57,367	$795,877	$-34,333
2019	$44,458	$36,597	$753,783	$7,861
2018	$71,477	$30,889	$676,341	$40,588

LAUDERDALE YACHT SAILING FOUNDATION INC