CHESAPEAKE BAY OUTWARD BOUND SCHOO… - 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

2004

Legal Domicile

Principal Officer

WILL FERRETTI

Phone

4104481721

Tax Period

2023-01-01 to 2023-12-31

CHESAPEAKE BAY OUTWARD BOUND SCHOOL INC, founded in 2004, is a community nonprofit in the Youth Development sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 75% operating deficit.

Mission

TO INSPIRE CHARACTER DEVELOPMENT AND SELF-DISCOVERY IN PEOPLE OF ALL AGES AND WALKS OF LIFE THROUGH CHALLENGE AND ADVENTURE AND TO IMPEL THEM TO ACHIEVE MORE THAN THEY EVER THOUGHT POSSIBLE, TO SHOW COMPASSION FOR OTHERS AND TO ACTIVELY ENGAGE IN CREATING A BETTER WORLD.

Program Service Accomplishments

Program 1

Expenses: $3,301,189 Revenue: $1,524,368

CHESAPEAKE BAY OUTWARD BOUND SCHOOL, INC PROVIDES ITS STUDENTS, EDUCATORS, SCHOOL ADMINISTRATORS AND COMMUNITY LEADERS WITH CHALLENGING EXPERIENCES THAT ARE SAFELY STRUCTURED TO ENHANCE LEADERSHIP...

CHESAPEAKE BAY OUTWARD BOUND SCHOOL, INC PROVIDES ITS STUDENTS, EDUCATORS, SCHOOL ADMINISTRATORS AND COMMUNITY LEADERS WITH CHALLENGING EXPERIENCES THAT ARE SAFELY STRUCTURED TO ENHANCE LEADERSHIP, SELF-ESTEEM, SELF-RELIANCE, CONCERN FOR OTHERS, SERVICE TO THE COMMUNITY AND CARE FOR THE ENVIRONMENT. PROGRAM ACTIVITIES INCLUDE, BUT NOT LIMITED TO, BACKPACKING EXCURSIONS, ROCK CLIMBING TRIPS AND CANOEING. OUTWARD BOUND COURSES CREATE YOUNG LEADERS THROUGH EDUCATIONAL PROGRAMS IN THE WILDERNESS.OUTWARD BOUND AWARDS UP TO $3.7 MILLION IN SCHOLARSHIPS TO 6,000 STUDENTS EACH YEAR.

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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 $883,973

Program Service Revenue $1,497,232

Investment Income $163,839

Other Revenue $-27,991

TOTAL REVENUE $2,517,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,109,393

Fundraising Expenses $591,746

Program Expenses $3,301,189

Other Expenses $1,284,019

TOTAL EXPENSES $4,393,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,517,053	$4,184,590	-0.4%
Expenses	$4,393,412	$4,313,380	+0.0%
Net Income	$-1,876,359	$-128,790	+13.6%

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

$156,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW M ANDY BROOKS	CHAIR	1.00	Officer Director	$0	$0	$0
CLINTON R DALY	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR AC GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
DANA LEDYARD	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY JEFF JOY	TREASURER	1.00	Officer Director	$0	$0	$0
BRETT ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
MATT NOVAK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES W JIM SMITH	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD W DICK FRISCH	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH R JOE HARDIMAN	TRUSTEE	1.00	Director	$0	$0	$0
SHONIQUE ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES R JIM GARRETT	TRUSTEE	1.00	Director	$0	$0	$0
E HERVEY EVANS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN AVIRETT	TRUSTEE	1.00	Director	$0	$0	$0
ALBERT AJ CAPUTO	TRUSTEE	1.00	Director	$0	$0	$0
GANESHA MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
FREDERIC FRITZ SCHROEDER III	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CITRON	TRUSTEE	1.00	Director	$0	$0	$0
TRENT ZIVKOVICH	TRUSTEE	1.00	Director	$0	$0	$0
NANCY WHITEMAN-GREENE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MIKE MORRILL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CHRIS RHODES	TRUSTEE	1.00	Director	$0	$0	$0
JAMES JIM SEBA	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNIE FOREMAN	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE SHERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTEN KOMLOSY	EXECUTIVE DIRECTOR	40.00	Officer	$151,250	$5,288	$156,538
NATALIE HANEY	CHIEF OPERATING OFFICER	40.00	Highest	$116,721	$8,114	$124,835
PHYLLIS KIM	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$132,438	$15,706	$148,144

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	$2,517,053	$4,393,412	$12,909,127	$-1,876,359
2022	$4,184,590	$4,313,380	$13,431,289	$-128,790
2021	$4,070,576	$3,449,813	$15,791,418	$620,763
2019	$3,478,515	$2,713,814	$13,346,610	$764,701
2018	$8,957,235	$2,671,943	$11,514,034	$6,285,292

CHESAPEAKE BAY OUTWARD BOUND SCHOOL INC