SANDUSKY SAILING CLUB INC (EIN 341166762) - 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

1932

Legal Domicile

Principal Officer

HANK BOISSONEAULT

Phone

4196251963

Tax Period

2023-01-01 to 2023-12-31

SANDUSKY SAILING CLUB INC, founded in 1932, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 20% operating margin.

Mission

PROMOTE SAILBOAT RACING AND SPORTSMANSHIP

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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 $0

Program Service Revenue $351,248

Investment Income $1,161

Other Revenue $24,091

TOTAL REVENUE $376,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,547

Fundraising Expenses $0

Program Expenses $300,870

Other Expenses $298,323

TOTAL EXPENSES $300,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,500	$324,931	+0.2%
Expenses	$300,870	$281,194	+0.1%
Net Income	$75,630	$43,737	+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

N/A

Volunteers

277

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

$2,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANK BOISSONEAULT	COMMODORE	2.00	Officer Director	$0	$0	$0
ANDREW DAVIS	TRUSTEE	2.00	Officer Director	$0	$0	$0
WESLEY BLAZER	PAST COMMODO	2.00	Officer Director	$0	$0	$0
DAVID BRINK	TREASURER	2.00	Officer	$0	$0	$0
BERNARD ASHYK	ASST. TREAS	2.00	Officer	$2,097	$0	$2,097
JASON HUFFMAN	VICE COMMODO	2.00	Officer Director	$0	$0	$0
JOHN GIORDANO	REAR COMMODO	2.00	Officer Director	$0	$0	$0
JACKIE REIDY	SECRETARY	2.00	Officer	$375	$0	$375
MADELINE HENRY	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYNNE ZETTLER	TRUSTEE	2.00	Director	$0	$0	$0
DAVE KOCIAS	TRUSTEE	2.00	Director	$0	$0	$0
PAUL MCALLISTER	TRUSTEE	2.00	Director	$0	$0	$0
JOHN STAUFFER	TRUSTEE	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	No data	No data	No data	No data
2023	$376,500	$300,870	$1,386,145	$75,630
2022	$324,931	$281,194	$1,269,507	$43,737
2021	$346,895	$271,753	$1,251,388	$75,142
2020	$280,700	$248,515	$1,179,573	$32,185
2019	$300,692	$306,230	$1,118,667	$-5,538
2018	$310,754	$307,323	$1,116,994	$3,431

SANDUSKY SAILING CLUB INC