CHESAPEAKE REGION ACCESSIBLE BOATING INC

EIN: 352188410 501(c)(3) Recreation & Sports

ANNAPOLIS, MD

Total Revenue
$1,033,570
Total Expenses
$802,497
Total Assets
$4,557,141
Net Assets
$4,484,647
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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
1991
Legal Domicile
MD
Principal Officer
PAUL BOLLINGER JR
Phone
4102665722
Tax Period
2024-01-01 to 2024-12-31

CHESAPEAKE REGION ACCESSIBLE BOATING INC, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $231K, a strong 22% operating margin.

Mission

CRABS MISSION IS TO PROVIDE THE THRILL, FREEDOM AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, RECOVERING WARRIORS, AND YOUTH FROM UNDERSERVED COMMUNITIES. CONTINUED ON SCHEDULE O

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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 (2024)

Revenue Breakdown

Contributions & Grants $903,253
Program Service Revenue $16,643
Investment Income $12,326
Other Revenue $101,348
TOTAL REVENUE $1,033,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $442,622
Fundraising Expenses $59,371
Program Expenses $587,323
Other Expenses $359,875
TOTAL EXPENSES $802,497

Year-over-Year Comparison

2024 2023 Change
Revenue $1,033,570 $1,312,991 -0.2%
Expenses $802,497 $725,613 +0.1%
Net Income $231,073 $587,378 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
10
Volunteers
151

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
5
$148,600
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BOLLINGER JR PRESIDENT AND CEO 040.00
Officer
$145,000 $3,600 $148,600
JAMES NOLAN CHAIRMAN 005.00
Officer Director
$0 $0 $0
ELIZABETH ROSSMAN VICE CHAIR SECRETARY 005.00
Officer Director
$0 $0 $0
WILL CRUMP TREASURER 005.00
Officer Director
$0 $0 $0
DAVID HANKEY IMMEDIATE PAST CHAIRMAN 003.00
Officer Director
$0 $0 $0
KEITH MISNER DIRECTOR 003.00
Director
$0 $0 $0
ARTHUR EDWARDS JR DIRECTOR 003.00
Director
$0 $0 $0
SHELLY FORD DIRECTOR 003.00
Director
$0 $0 $0
GEORGE SCHULZE DIRECTOR 003.00
Director
$0 $0 $0
SANDY GROSVENOR DIRECTOR 003.00
Director
$0 $0 $0
STEVE RITTERBUSH DIRECTOR 003.00
Director
$0 $0 $0
DONALD SANTA DIRECTOR 003.00
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
2025 No data No data No data No data
2024 $1,033,570 $802,497 $4,557,141 $231,073
2023 $1,312,991 $725,613 $4,485,581 $587,378
2022 $1,462,574 $594,659 $3,722,323 $867,915
2021 $2,696,356 $514,810 $2,942,118 $2,181,546
2020 $784,202 $448,315 $741,114 $335,887
2019 $424,056 $378,839 $381,443 $45,217
2018 $329,230 $284,455 $328,671 $44,775
2018 $329,230 $284,455 $328,671 $44,775
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