TOLEDO SAILING CLUB INC (EIN 346540173) - 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

1942

Legal Domicile

Principal Officer

DOUGLAS HOFF

Phone

4193825841

Tax Period

2024-11-01 to 2025-10-31

TOLEDO SAILING CLUB INC, founded in 1942, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 24% operating margin.

Mission

WE ARE A BOATING CLUB THAT PROMOTES FELLOWSHIP AMONGST OUR MEMBERS. WE ALSO PROVIDE DOCKS TO OUR MEMBERS FOR A FEE.

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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 $69,420

Program Service Revenue $29,099

Investment Income $1,393

Other Revenue $89,893

TOTAL REVENUE $189,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,909

Fundraising Expenses $0

Program Expenses $143,944

Other Expenses $121,035

TOTAL EXPENSES $143,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,805	$183,354	+0.0%
Expenses	$143,944	$177,529	-0.2%
Net Income	$45,861	$5,825	+6.9%

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

203

Independent Members

201

Employees

Volunteers

300

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

$3,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS HOFF	TREASURER	15.00	Officer	$1,920	$0	$1,920
MICHELE VAN DROMME	FINANCIAL SE	15.00	Officer	$1,440	$0	$1,440
JEFF CROMWELL	REAR COMMODO	5.00	Officer	$0	$0	$0
CHUCK MARTIN	COMMODORE	5.00	Officer	$0	$0	$0
AJ MOSER	VICE COMMODO	5.00	Officer	$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	$189,805	$143,944	$139,230	$45,861
2024	$183,354	$177,529	$98,089	$5,825
2023	$167,084	$185,433	$97,259	$-18,349
2022	$175,208	$145,786	$117,327	$29,422
2021	$162,824	$301,390	$91,841	$-138,566

TOLEDO SAILING CLUB INC