SANDUSKY SAILING CLUB INC

EIN: 341166762

SANDUSKY, OH

Total Revenue
$376,500
Total Expenses
$300,870
Total Assets
$1,386,145
Net Assets
$1,201,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
OH
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

Program Service Accomplishments

Program 1

SAILBOAT EVENTS: SCHEDULED RACES THROUGHOUT SUMMER SEASON ON WED & SUN + WEEKEND AND SPECIAL REGATTAS. ~300 MEMBERS

Program 2

SOCIAL EVENTS: PARTIES, ANNUAL BANQUET, ETC., FURTHERING THE SOCIAL ASPECT AND SPORTSMANSHIP PROMOTION.

Program 3

MAINTAIN CLUBHOUSE & SHELTERED PATIO FOR MEETINGS AND SOCIAL GATHERINGS BEFORE AND AFTER ON WATER EVENTS. PROVIDE GALLEY FACILITIES TO PREPARE MEALS, ETC, AND RESTROOM FAC. MAINTAIN MARINA FOR MEMBER...

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MAINTAIN CLUBHOUSE & SHELTERED PATIO FOR MEETINGS AND SOCIAL GATHERINGS BEFORE AND AFTER ON WATER EVENTS. PROVIDE GALLEY FACILITIES TO PREPARE MEALS, ETC, AND RESTROOM FAC. MAINTAIN MARINA FOR MEMBER DOCKAGE OF BOATS USED IN EVENTS.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
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
8
$2,472
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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