CHESAPEAKE REGION ACCESSIBLE BOATI… - 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

1991

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $587,323 Revenue: $16,643

CHESAPEAKE REGION ACCESSIBLE BOATING CRAB MISSION STATEMENT PROVIDING THE THRILL, FREEDOM, AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, RECOVERING WARRIORS, AND LOCAL YOUTH FROM...

CHESAPEAKE REGION ACCESSIBLE BOATING CRAB MISSION STATEMENT PROVIDING THE THRILL, FREEDOM, AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, RECOVERING WARRIORS, AND LOCAL YOUTH FROM UNDERSERVED NEIGHBORHOODS FOR OVER 30 YEARS. FOR 2024, CRAB HELD 111 BOATING EVENTS THAT SERVED OVER 1,837 GUESTS, WITH 63 HAVING DISABILITY, AND PARTNERED WITH 65 OTHER NONPROFIT AGENCIES THAT BROUGHT GUESTS TO CRAB. CRAB ALSO HELD 19 FAMILY SAILS FOR A DISABLED GUESTS ALONG WITH THEIR FAMILY AND FRIENDS. 177 VOLUNTEERS HELPED TO MAKE THESE EVENTS HAPPEN, DONATING 5,323 HOURS FOR THE YEAR. CRAB HELD 2 RECOVERING WARRIOR SAILING REGATTAS, AND THE DON BACKE REGATTA. EACH USING CRAB FLEET OF 6 SAILBOATS, EACH BOAT WAS SKIPPERED BY A PERSON WITH DISABILITIES. 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%)

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

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

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

$148,600

Total Directors

Key Employees

Highest Compensated

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

CHESAPEAKE REGION ACCESSIBLE BOATING INC